Industrials · HVAC
AAON AAON Inc.
High convictionMid capFYE December
Next print
FY26 Q1 · 2026-04-29
Pre-market open
Consensus Rev
$319.0M
Street median
Consensus EPS
$0.50
Street median
Peer read-throughs
3
LII · WSO · SPXC
Last print — FY25 Q4 (2026-03-02)
Revenue (Actual)
$297.1M
vs CE $283.0M (+5.0%)
EPS (Actual)
$0.55
vs CE $0.47 (+17.0%)
Stock reaction
+6.8%
Day-1 move vs Street
Headline call
Beat
vs CE framework
Thesis pillars
Edit thesis →- BASX data center growthStrengthenedAWS anchor + APLD first build visible; Memphis $750M gate unlocked.
- Oklahoma backlog normalizationUnchangedTransitory pressure abating; HVAC rooftop demand stable.
- Margin recaptureStrengthenedMix shift to BASX + Memphis ramp support GM expansion 2H26.
Segments
- AAON Oklahomatracked
- AAON Coil Productstracked
- BASXtracked
Historical Quick Looks
All history →| Date | Qtr | Mode | Headline | Reaction | |
|---|---|---|---|---|---|
| 2026-03-02 | FY25 Q4 | quick | BASX anchor contracts drive beat; Memphis unlocks 2H gate | +6.8% | Open |
Context files
Upload →- activeAAON_MgmtCall_2025.09.18.emlMgmt 1x1 · FY26 Q1
CEO + CFO on BASX ramp, Memphis gate timing, AWS anchor color.
- activeMS_AAON_Initiation_2026.01.14.pdfMorgan Stanley · FY26 Q1
Sellside init at OW, $140 PT; BASX TAM framework; bull case $180.