NN, Inc. reported third quarter 2026 results that exceeded analyst expectations, characterized by 26.2% year-over-year revenue growth and significant expansion in adjusted profitability. The company raised its full-year guidance for the second time this year, citing strong momentum in data center and defense markets and the successful completion of a major balance sheet transformation.
Key Highlights
- Net sales of $131.1 million beat the $122.4 million estimate by 7%, driven by price pass-throughs and higher volumes in the Power Solutions segment.
- Adjusted EPS of $0.07 outperformed the $0.02 estimate, supported by a mix shift toward higher-margin products and $12 million in targeted cost reductions.
- Power Solutions revenue surged 40.6% to $63.2 million, while Mobile Solutions revenue grew 15.3% to $68.2 million.
- Full-year 2026 revenue guidance was raised to a range of $480 million to $500 million, representing 16% growth at the midpoint.
- The company secured $130 million in annualized new business awards over the trailing 12 months, including a growing $66 million pipeline in the data center market.
- Total preferred stock was fully redeemed during the quarter, reducing pro-forma net debt and preferred obligations by 47% since year-end 2025.