INNIO (INIO) received a 620 MW follow-on order from a developer and operator of mega-scale data center campuses in the U.S. The equipment order was booked in September 2026. Combined with the customer's 1.1 GW order announced in July 2026, cumulative orders from this customer reach approximately 1.72 GW. All 620 MW will use containerized Jenbacher J624 solutions.
The customer also signed a long-term full maintenance agreement covering the first 500 MW of previously ordered capacity. It includes all spare parts and labor through a major overhaul, expanding INNIO's recurring services base.
INNIO (NASDAQ: INIO) is scheduled to release its third-quarter 2026 financial results on October 27, 2026, before market open.
Management will discuss the results on a conference call at 8:00 a.m. Eastern Time that day. The webcast, earnings release and supplementary financial information will be available on the INNIO Investor Relations website, along with a call replay for download.
INNIO (INIO) extended its partnership with Aggreko through 2031, providing additional order visibility for its medium-power range engines.
Under the agreement, INNIO has agreed to provide a minimum of 450 MW of Jenbacher Type 4 engine capacity in 2027 and access to agreed capacity levels for the remainder of the agreement. The partnership includes a multi-year service agreement covering Aggreko’s existing INNIO fleet. It has also expanded to include supply of the J620 engine from 2028, alongside the Type 4 platform’s J420 and J424 engines.
INNIO (INIO) has completed its acquisition of Enerflex’s aftermarket business operations in Australia, Thailand, and Indonesia, expanding its APAC service footprint.
The acquired business operates principally across three countries and eight locations, with workshop and office facilities and an experienced workforce. Its installed base is supported by long-term service agreements with oil and gas companies in the region. INNIO said the acquisition expands local service capabilities and brings it closer to customers, supporting service and lifecycle support throughout Asia-Pacific.
INNIO (INIO) received multiple credit rating upgrades and reaffirmed its financial policy framework to support profitable growth and deleveraging.
Moody’s raised INNIO’s Corporate Family Rating by one notch to Ba3 from B1 and revised the outlook to positive from stable. Fitch upgraded the Long-Term Issuer Default Rating by two notches to BB from B+, with a stable outlook, and lifted the senior secured debt rating to BB+ from B+. The rating actions reflect strong operating performance, cash flow generation, favorable end-market demand and a growing installed base.
INNIO’s policy targets net leverage below 2.0x over the medium term, allows M&A that may temporarily increase pro forma net leverage up to 2.5x, and prioritizes reinvestment and deleveraging over near-term cash dividends.
INNIO (INIO) secured a firm order in Q3 2026 from a U.S. energy company for 450 megawatts of power infrastructure using Jenbacher J624 containerized gas engines to support large-scale data center projects in North America.
The engines are expected to be delivered by 2028, with the customer’s name undisclosed under customary data center confidentiality practices. The order reflects growing demand for high-efficiency, off-grid power solutions as data center developers face grid constraints and rising electricity needs driven by AI and high-performance computing workloads.
INNIO (Nasdaq: INIO) plans to invest more than $300 million in its Waukesha, Wisconsin facility and create over 500 new jobs over the coming years. The expansion will add new engine assembly capabilities and an advanced engine testing facility of more than 80,000 square feet.
The Waukesha campus, which currently spans about 1.7 million square feet, will be upgraded with office and shop floor renovations to improve operational efficiency. According to INNIO, bringing more production and testing to Waukesha is intended to reduce lead times, increase capacity and better serve U.S. customers, including the rapidly growing data center sector.
INNIO (Nasdaq: INIO) has received the EcoVadis Platinum Medal, the highest rating from EcoVadis, for the fifth consecutive year since 2022. According to INNIO, its most recent assessment showed a higher overall score, driven by additional policies and a strengthened sustainability management system.
The Platinum Medal places INNIO among the top 1% of companies assessed in the preceding 12 months and reflects the quality and maturity of its sustainability management, including transparency and responsible practices in environment, ethics, labor & human rights, and sustainable procurement.
INNIO (Nasdaq: INIO) announced a landmark order to supply about 1.1 gigawatts (GW) of gas engine capacity to a leading, undisclosed developer and operator of mega-scale data center campuses in the United States. According to INNIO, this represents one of the largest equipment orders in its history and was booked as equipment order intake in the second quarter of fiscal 2026.
The order includes more than 200 Jenbacher J624 engines, expected to provide resilient, scalable behind-the-meter prime power for data centers, with phased deliveries that provide multi-year revenue visibility. INNIO highlights the J624’s power density, transportability, containerization, load-following and lower redundancy needs as benefits for demanding AI data center load profiles. The company also notes recent sustainability recognition with a fifth consecutive EcoVadis Platinum Medal and its role in a 3 MW, 100% hydrogen-fueled backup power demonstration for data centers earlier in 2026.
INNIO (Nasdaq: INIO) reported Q2 2026 net sales of $937.7 million, up 42% year-over-year, with Equipment revenue of $569.3 million (+61%) and Services revenue of $368.4 million (+21%). Equipment Order Intake reached a record $2.29 billion (+316%), driving Equipment Order Backlog to $6.58 billion, up sharply from $1.74 billion a year earlier.
INNIO recorded a Q2 2026 net loss of $16.9 million versus net income of $62.4 million in Q2 2025, which the company mainly attributes to $81.2 million of IPO and public-readiness one-off costs. Adjusted EBITDA rose 20% to $172.3 million, implying an 18.4% margin. For fiscal 2026, INNIO targets total revenue of $3.8–$3.9 billion (vs. $2.6 billion in 2025) and Adjusted EBITDA of $720–$740 million (vs. $549 million). The quarter included a 1.1 GW prime-power data center order and a multi-year framework with Rehlko for about 1.25 GW of gas engine capacity.