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Generac Holdings’ $2.4 Billion Amazon Deal — Can It Unlock a Data Center Powerhouse?

Generac Holdings Inc. reported third quarter 2026 financial results characterized by continued growth, particularly within its Commercial & Industrial (C&I) segment, alongside a return to solid expansion in its Residential segment. Net sales reached a record $1.29 billion, marking a 16% increase year-over-year. This growth was driven by a 28% rise in the C&I segment, fueled mainly by increased demand from global data center customers, and a 9% increase in the Residential segment, supported by robust shipments of home standby and portable generators amid power quality trends. Net income attributable to the company rose substantially to $109 million, or $1.83 per diluted share, compared to $66 million, or $1.12 per share, in the prior-year quarter. Adjusted net income improved to $151 million, or $2.54 per diluted share, while adjusted EBITDA grew 33% to $256 million, representing 19.8% of net sales, up from 17.3% in the previous year.