Innio N.V. reported third-quarter 2026 revenue of $1.2 billion, up 57% year over year and marking the first time the company exceeded $1 billion in quarterly revenue. Equipment drove most of the growth, with revenue rising 86% to approximately $778 million, and data centers accounting for 60% of equipment sales. Services revenue increased 20% to $390 million, while the equipment backlog reached a record $8 billion, up 142% year over year. Management raised its 2026 outlook to revenue of $3.9 billion to $4.0 billion and adjusted EBITDA of $780 million to $800 million, and the shares rose approximately 10% after the earnings release. Innio aims to expand annual production capacity to more than 10 GW by 2030, although its performance is increasingly tied to the pace of AI infrastructure spending.
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