GNRC · 10-Q · 2026Q3 · Full report

Operating Expense Trends

GENERAC HOLDINGS INC. · 2026-11-03 · Importance 36 · Surprise 14

Third-quarter operating expenses increased $31.6 million, or 9.8%, year over year to $355.5 million. The increase reflected investment to support future C&I growth, higher marketing spend, incentive compensation, and intangible amortization, partly offset by lower investment in energy technology solutions. Nine-month operating expenses rose $42.6 million, or 4.6%, to $959.8 million, as growth-support investment, amortization, marketing, and incentive compensation were partly offset by lower legal expense. Nine-month selling and service expense increased 7.2% to $440.1 million, while R&D rose 5.4% to $192.3 million and G&A declined 4.2% to $237.6 million.

Key facts

• Generac reported $20.169 million of provision for legal, regulatory, and other costs for the three months ended September 30, 2026, including $14.293 million related to clean energy warranty matters. source
• Generac's provision for legal, regulatory, and other matters was $22.424 million for the nine months ended September 30, 2026, including $13.164 million related to clean energy warranty matters. source
• Generac’s nine-month 2026 operating expenses increased $42.6 million, or 5%, year over year, primarily due to C&I growth investment, intangible amortization, marketing, and incentive compensation, partly offset by lower legal expense. source
• Generac’s third-quarter 2026 operating expenses increased $31.6 million, or 10%, year over year, driven mainly by C&I growth investment, marketing, incentive compensation, and intangible amortization, partly offset by lower energy-technology investment. source