GNRC · 10-Q · 2026Q2 · Full report
Operating Income and Margins
GENERAC HOLDINGS INC. · 2026-08-04 · Importance 75 · Surprise 64 · From source text
Six-month operating income increased 67.7% to $327.7 million from $195.4 million, while second-quarter operating income increased 88.2% to $210.4 million from $111.8 million. Total first-half adjusted EBITDA rose 43.6% to $484.2 million, with Residential adjusted EBITDA increasing 37.2% to $354.0 million and C&I adjusted EBITDA increasing 50.0% to $148.0 million. First-half C&I adjusted EBITDA margin improved to 13.9% from 11.9%, while Residential margin increased to 30.2% from 21.8%. Margin expansion reflected tariff refunds, favorable mix and pricing, operating leverage, and operational efficiencies, partly offset by strategic C&I investments and unfavorable mix.
Key facts
- Income from operations for the three months ended June 30, 2026: $210,433 thousand, up $98,644 thousand, 88.2% versus prior year quarter. source
- Adjusted EBITDA for the three months ended June 30, 2026: $290,724 thousand, up $103,095 thousand, 54.9% versus prior year quarter. source
- Residential segment Adjusted EBITDA for Q2 2026: $215,389 thousand, or 34.7% of Residential segment total sales, versus $146,424 thousand, or 23.1% in prior year. source
- Adjusted EBITDA for the six months ended June 30, 2026: $484,205 thousand, up $147,030 thousand, 43.6% versus prior year period. source
- Commercial & Industrial segment Adjusted EBITDA for Q2 2026: $81,484 thousand, or 14.6% of C&I total sales, versus $53,342 thousand, or 12.4% in prior year. source
- Adjusted EBITDA for the three months ended June 30, 2026 was $290,724 thousand and for the three months ended June 30, 2025 was $187,629 thousand. source
- Adjusted EBITDA for the six months ended June 30, 2026 was $484,205 thousand and for the six months ended June 30, 2025 was $337,175 thousand. source
- Adjusted EBITDA attributable to Generac Holdings Inc. for the three months ended June 30, 2026 was $290,961 thousand and for the three months ended June 30, 2025 was $187,017 thousand. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +12.5% | Adjusted EBITDA for the six months ended June 30, 2026: $484,205 thousand, up $147,030 thousand, 43.6% versus prior year period. |
| operating_income | positive | realized | +8.8% | Adjusted EBITDA for the three months ended June 30, 2026: $290,724 thousand, up $103,095 thousand, 54.9% versus prior year quarter. |
| operating_income | positive | realized | +8.4% | Income from operations for the three months ended June 30, 2026: $210,433 thousand, up $98,644 thousand, 88.2% versus prior year quarter. |
| operating_income | positive | realized | +2.4% | Commercial & Industrial segment Adjusted EBITDA for Q2 2026: $81,484 thousand, or 14.6% of C&I total sales, versus $53,342 thousand, or… |