The raised guidance and strong Q2 results confirm the growth thesis is playing out. Watch the Q3 2026 earnings report on October 28, 2026, for further updates on Data Center ramp and margin progression. The shift away from auto and into higher-margin end markets is a key driver of margin expansion.
Price Chart
Executive Summary
NN, Inc. raised its full-year 2026 guidance for Net Sales and Adjusted EBITDA, citing momentum in Data Center, Defense & Electronics, and Medical markets. The updated midpoint guidance implies 14% net sales growth and 29% Adjusted EBITDA growth versus 2025 actuals. The company also highlighted $94 million in new business wins year-to-date through September 19, 2026, and a shift in sales mix away from auto toward higher-margin end markets.
Key Facts
- Raised FY2026 net sales guidance midpoint to $480 million (from $460 million prior), up 14% vs FY2025 actual net sales of $422.2 million.
- Raised FY2026 Adjusted EBITDA guidance midpoint to $63 million (from $60 million prior), up 29% vs FY2025 actual Adjusted EBITDA of $49.0 million.
- Q2 2026 net sales of $128.7 million, up 19% YoY from $107.9 million.
- Q2 2026 Adjusted EBITDA of $17.9 million, up 36% YoY from $13.2 million.
- 1H 2026 net sales of $247.2 million, up 16% YoY from $213.6 million.
- 1H 2026 Adjusted EBITDA of $32.1 million, up 35% YoY from $23.8 million.
- 1H 2026 new business awards of $65 million across all divisions.
- $94 million of new wins through September 19, 2026.
- Sales mix shifted from 65% auto / 35% non-auto in 2023 to 40% auto / 60% non-auto in Q2 2026.
- Data Center & Electric Grid TTM Q2 sales of $80 million, NTM target of $120 million.
- Defense & Electronics TTM Q2 sales of $60 million, NTM target of $90 million.
- Medical Products TTM Q2 sales of $15 million, NTM target of $40 million.
- Paid off substantial amount of preferred stock so far in 2026.
- Adjusted gross margin % improved to 20.3% in Q2 2026 from 19.5% in Q2 2025.
- Adjusted EBITDA margin % improved to 13.9% in Q2 2026 from 12.2% in Q2 2025.
Financial Impact
FY2026 net sales guidance raised by $20 million at midpoint to $480 million; FY2026 Adjusted EBITDA guidance raised by $3 million at midpoint to $63 million. Both represent significant YoY growth.
Risk Factors
- Execution risk on ramping new business wins, particularly in Data Center liquid cooling and Defense.
- Capital investment requirements are increasing; growth capex averaging $0.30 per dollar of peak annual sales could pressure free cash flow.
- Dependence on China and Southeast Asia for Data Center supply chain exposes geopolitical and tariff risks.
- Legacy auto business decline could be faster than new business ramp, creating a revenue gap.
- Company still reports GAAP net losses; profitability on a GAAP basis remains elusive.
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000918541-26-000093 |
| Document: nnincinvestorpresentatio.htm | 0000918541-26-000093 |
| Document: nnincraisesfull-year2026.htm | 0000918541-26-000093 |
| Document: 0000918541-26-000093-index-headers.html | 0000918541-26-000093 |
| Document: 0000918541-26-000093-index.html | 0000918541-26-000093 |
| Document: 0000918541-26-000093.txt | 0000918541-26-000093 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | EFFECT | $3.36 | awaiting T+60 | — | $3.36 (−0.00%) |
Oct 15, 2026 11d ago | Press Release | $3.41 | awaiting T+60 | — | $3.36 (−1.47%) |
Oct 13, 2026 13d ago | S-3 | $3.46 | awaiting T+60 | — | $3.36 (+2.75%) |
Oct 8, 2026 18d ago | 8-K | $4.01 | awaiting T+60 | — | $3.36 (−16.21%) |
Oct 5, 2026 21d ago | 8-K | $4.04 | awaiting T+60 | — | $3.36 (+16.83%) |
Sep 22, 2026 4w ago | Press Release | $3.86 | awaiting T+60 | — | $3.36 (−12.95%) |
Sep 22, 2026 4w ago | 8-K | $3.86 | awaiting T+60 | — | $3.36 (−12.95%) |
Aug 20, 2026 9w ago | 8-K | $3.81 | awaiting T+60 | — | $3.36 (−11.81%) |
Jul 31, 2026 12w ago | 8-K | $3.31 $3.36 | ▲ +1.51% | ▼ −0.94% | $3.36 (+1.51%) |
Jul 22, 2026 13w ago | EFFECT | $3.45 $3.49 | ▼ −1.16% | ▲ +2.10% | $3.36 (+2.61%) |
US Market Status
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