INNIO N.V. reported record financial results for the third quarter ended September 30, 2026, with total revenue reaching $1.2 billion. This figure represents a 57% increase year-over-year, marking the first time the company has generated over $1 billion in a single quarter. Net income for the quarter was $109.2 million, a 176% increase compared to the $39.5 million reported in the prior year period.
Financial performance was driven by growth across both the Equipment and Services segments. Equipment revenue increased 86% year-over-year to $777.6 million, supported by disciplined backlog execution and large-scale data center deliveries. Services revenue reached $390.3 million, up 20% year-over-year, reflecting the company’s expanding installed base. Adjusted EBITDA for the quarter rose 70% to $245.4 million, with a margin of 21%.
Order momentum remained strong, with Equipment Order Intake reaching $2.2 billion in Q3 2026, an increase of 10% year-over-year. The Equipment Order Backlog stood at a record $8.0 billion as of September 30, 2026, up 142% year-over-year. Based on these results, INNIO raised its fiscal 2026 outlook for Total Revenue to $3.9 to $4.0 billion and Adjusted EBITDA to $780 to $800 million.
During the quarter, INNIO announced several business updates, including a 620 MW follow-on order and a 450 MW order for next-generation data center projects in North America. The company also closed the Enerflex APAC Aftermarket service business on September 30, 2026, to strengthen its presence in the Asia-Pacific region.
