The raised guidance and strong operational momentum suggest NN is executing well on its growth strategy, but the massive share dilution (57% increase in shares outstanding) and activist selling warrant caution. Watch Q4 2026 results for confirmation of guidance achievability and any further insider selling patterns.
Price Chart
Executive Summary
NN Inc. reported Q3 2026 net sales of $131.1M, up 26.2% YoY, and adjusted EBITDA of $18.5M, up 49.7% YoY, while raising full-year 2026 guidance for net sales to $480M-$500M and adjusted EBITDA to $64M-$68M. The company completed a balance sheet transformation in 2026, eliminating preferred stock and raising strategic capital, which management says unlocks growth potential. The strong results and raised guidance come amid activist investor pressure from Legion Partners and a recent dilutive equity raise.
Key Financial Metrics
Key Facts
- Q3 2026 net sales of $131.1M, up 26.2% YoY from $103.9M
- Adjusted EBITDA of $18.5M, up 49.7% YoY from $12.4M
- Adjusted net income of $5.3M ($0.07/diluted share) vs adjusted net loss of $0.3M ($(0.01)/share) in Q3 2025
- GAAP net loss of $4.6M improved 31.3% from $6.7M loss in Q3 2025
- Full-year 2026 guidance raised: net sales $480M-$500M (midpoint $490M, +16% YoY), adjusted EBITDA $64M-$68M (midpoint $66M, +35% YoY)
- New business wins guidance raised to $110M-$130M for 2026, up 71% YoY at midpoint
- Company eliminated all preferred stock in 2026 through $143M of capital transactions
- Shares outstanding increased from 49.6M to 78.1M YoY due to equity raise
- Activist Legion Partners sold significant stake in August 2026 ahead of earnings
- S-3 filed Oct 13, 2026 registering 16.1M shares for resale from private placement
Financial Impact
Revenue growth of $27.2M (+26.2%) and adjusted EBITDA growth of $6.1M (+49.7%) in Q3 2026 vs Q3 2025; full-year guidance raised by $30M at midpoint for revenue and $6M at midpoint for adjusted EBITDA vs prior guidance
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Power Solutions | $63.2M | +40.6% |
| Mobile Solutions | $68.2M | +15.3% |
Risk Factors
- Massive share dilution: shares outstanding increased from 49.6M to 78.1M YoY, diluting existing holders
- Activist Legion Partners sold significant stake in August 2026, suggesting lack of confidence
- GAAP loss from operations widened to $3.3M from $2.2M due to higher labor and professional costs
- Company still GAAP net loss of $4.6M in Q3 2026, though improving
- S-3 filed for resale of 16.1M shares could create overhang
- Revenue growth partly driven by pass-through of raw material costs, not pure volume
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000918541-26-000118 |
| Document: nnbr-20261028.htm | 0000918541-26-000118 |
| Document: nnincq32026earningsprese.htm | 0000918541-26-000118 |
| Document: 0000918541-26-000118-index-headers.html | 0000918541-26-000118 |
| Document: 0000918541-26-000118-index.html | 0000918541-26-000118 |
| Document: 0000918541-26-000118.txt | 0000918541-26-000118 |
| 8-K Data (Synthetic) | 0000918541-26-000118 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 1d ago | SC 13G/A | $3.96 | awaiting T+60 | awaiting T+60 | $3.93 (−0.76%) |
Oct 28, 2026 2d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 28, 2026 2d ago | Press Release | $3.96 | awaiting T+60 | awaiting T+60 | $3.93 (−0.76%) |
Oct 26, 2026 4d ago | EFFECT | $3.36 | awaiting T+60 | awaiting T+60 | $3.93 (+16.96%) |
Oct 15, 2026 15d ago | Press Release | $3.41 | awaiting T+60 | awaiting T+60 | $3.93 (+15.25%) |
Oct 13, 2026 17d ago | S-3 | $3.46 | awaiting T+60 | awaiting T+60 | $3.93 (−13.75%) |
Oct 8, 2026 22d ago | 8-K | $4.01 | awaiting T+60 | awaiting T+60 | $3.93 (−2.00%) |
Oct 5, 2026 25d ago | 8-K | $4.04 | awaiting T+60 | awaiting T+60 | $3.93 (+2.72%) |
Sep 22, 2026 5w ago | Press Release | $3.86 | awaiting T+60 | awaiting T+60 | $3.93 (+1.81%) |
Sep 22, 2026 5w ago | 8-K | $3.86 | awaiting T+60 | awaiting T+60 | $3.93 (+1.81%) |
US Market Status
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