AAON Raises Revenue Forecast to $1 Billion Amid AI Demand
AAON increased its 2026 BASX division revenue outlook to $1 billion as AI-driven data center investments accelerate demand for liquid-cooling solutions.
AAON, Inc. raised its 2026 revenue outlook for its BASX division, which provides liquid-cooling solutions for data centers, to approximately $1.0 billion from a previous forecast of $715 million. The adjustment follows accelerating demand driven by investments in artificial intelligence.
Conestoga Capital Advisors identified the company as a primary contributor to its portfolio in the second quarter of 2026, noting a strong first-quarter earnings report. While AAON experienced a decline in gross margins during the period, management intentionally prioritized growth and market share over immediate profitability to strengthen its long-term competitive position.
Additionally, the company's rooftop HVAC business showed a rebound, persisting despite ongoing macroeconomic uncertainty.
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