Innio (NASDAQ:INIO) reported record second-quarter equipment orders and introduced full-year 2026 guidance in its first earnings call as a publicly listed company, citing continued demand from data centers, decentralized power generation and compression markets.
Chief Executive Officer Olaf Berlien said equipment order intake rose 316% year over year to $2.3 billion during the second quarter, while revenue increased 42% to $938 million
Adjusted EBITDA grew 20% to $172 million. The company’s equipment order backlog reached $6.6 billion at June 30, up 279% from the prior-year period. “Demand remains strong, broad-based, and diversified,” Berlien said, pointing to follow-on orders from hyperscale and colocation data-center customers, as well as demand from power-solutions and compression customers. Data-center demand drives record orders Data centers were the largest contributor to quarterly equipment order intake, generating nearly $1.5 billion of the $2.3 billion total.
Power solutions accounted for $546 million and compression contributed $281 million, according to Chief Financial Officer Dennis Schulze. The quarter included a 1.1-gigawatt order from a megascale data-center customer, one of the largest orders in the company’s history. Innio said more than 200 Jenbacher J624 engines are expected to provide behind-the-meter prime power for the project.