INNIO posts record quarter on data centre engine demand

INNIO reported record third-quarter revenue of $1.2 billion, up 57 percent year over year, with an equipment order backlog of $8.0 billion, up 142 percent, and raised its full-year guidance, the company said in an SEC filing on Tuesday.

Why it matters: INNIO's Jenbacher gas engines are one of the main routes to behind-the-meter power for data centres that cannot wait for grid connections, so a backlog more than doubling in a year is a direct read on how much on-site generation the AI buildout is ordering.

Data as of INNIO N.V. Form 8-K filed October 27, 2026 (accession 0001628280-26-067394), Exhibit 99.1 read in full in this run, is the primary source for all figures. Developing item.

INNIO N.V. reported third-quarter revenue of $1.2 billion, up 57 percent year over year and its first quarter above $1 billion, with equipment revenue up 86 percent to $777.6 million on large-scale data centre deliveries, net income of $109.2 million against $39.5 million a year earlier, and adjusted EBITDA up 70 percent to $245.4 million. Equipment order intake reached $2.2 billion in the quarter and the equipment order backlog stood at $8.0 billion at September 30, up 142 percent year over year.

The company raised its fiscal 2026 outlook to revenue of $3.9 to $4.0 billion and adjusted EBITDA of $780 to $800 million. Orders in the quarter included a 620 MW follow-on order, a 450 MW order from Liberty Energy for North American data centre projects with behind-the-meter power to be delivered by 2028, and an extension of its Aggreko partnership through 2031 covering a minimum of 450 MW of Jenbacher engine capacity.

INNIO posts record quarter on data centre engine demand

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