In its Q2 2026 investor letter, Conestoga Capital Advisors highlighted AAON, Inc. (NASDAQ:AAON) as a material contributor.
AAON, Inc. (NASDAQ:AAON) designs and manufactures high-efficiency air conditioning and heating equipment
On August 4, 2026, AAON, Inc. (NASDAQ:AAON) closed at $95.55 per share, reflecting a market capitalization of $7.82 billion. AAON, Inc. (NASDAQ:AAON) posted a one-month return of -11.51%, while its shares gained 17.26% over the past 52 weeks. Conestoga Capital Advisors stated the following regarding AAON, Inc. (NASDAQ:AAON) in its Q2 2026 investor letter: “AAON, Inc. (NASDAQ:AAON) was among the portfolio’s strongest contributors during the quarter following what we believe was an exceptional first-quarter earnings report.
Results highlighted significant demand for the company’s BASX division, which provides liquid-cooling solutions for data centers. Management raised its 2026 BASX revenue outlook to approximately $1.0 billion, up from its previous forecast of $715 million, reflecting accelerating demand from AI-driven data center investments. The company’s rooftop HVAC business also demonstrated a healthy rebound despite ongoing macroeconomic uncertainty.