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Generac Power Systems provides backup power solutions for homes and businesses by selling generators and related equipment, including home standby units, portable generators, and industrial power products. Its systems automatically supply electricity during outages and can be monitored remotely, with maintenance services to keep them running. The company differentiates itself through a wide dealer network, direct and partner sales, and a diversified product line that serves residential, commercial, and industrial customers, along with clean energy options. Its goal is to ensure reliable power availability in varied settings—telecommunications, healthcare, and manufacturing—while emphasizing sustainability and accessible, scalable backup and clean energy solutions.
Industries
Hardware
Industrial & Manufacturing
Energy
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Waukesha, Wisconsin
Founded
1959
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Total Funding
$1.9B
Above
Industry Average
Funded Over
3 Rounds
Professional Development Budget
Flexible Work Hours
How Generac drives backup power innovation for data centres. August 14, 2026 Generac has secured a global hyperscale supply deal and won Gold for its 3.25MW generator, driving backup power innovation across data centre resilience Generac has further cemented its position in the data centre power sector, landing a global supply agreement with a hyperscale operator while its largest diesel generator has secured industry recognition. The two developments point to a company shaping how mission-critical facilities plan for resilience as digital infrastructure expands. Hyperscale supply deal signals sector confidence. The energy technology company, based in Waukesha, Wisconsin, has signed a global supply agreement to provide backup power generators for a leading hyperscale data centre operator's infrastructure. The deal followed what Generac describes as a rigorous qualification process, including multiple factory visits, performance and quality system reviews and audits across its vendor base. Aaron Jagdfeld, Chairman, President and CEO of Generac, says the agreement reflects the trust hyperscale operators are placing in the company's engineering credentials. "This agreement positions Generac at the heart of supporting essential services and the digital economy," he explains. "The successful navigation of this approval process solidifies our position as a top-tier supplier of large megawatt backup power generators and reflects the kind of relationship we expect will grow as the digital economy continues to scale." For data centre operators, the significance lies in what sits behind that approval process. Banking, healthcare delivery and emergency response all depend on facilities staying online through grid disruptions and periods of high demand, and a supplier able to pass hyperscale-level scrutiny on factory audits and quality systems offers assurance as capacity commitments grow larger. Engineering culture underpins critical infrastructure push. Erik Wilde, EVP and President of Domestic Commercial & Industrial (C&I) at Generac, frames the agreement as validation of the company's broader approach. "Generac has been supporting mission-critical infrastructure for decades," he says. "Securing this agreement reflects our culture - an engineering-first organisation focused on backup power, with the service capabilities required to support critical infrastructure at scale." That culture is also visible in the recognition given to the SD3250, Generac's 3.25MW generator and its largest diesel unit, named Gold winner in the Power Generation & Electrical Infrastructure category of the 2026 Consulting-Specifying Engineer Product of the Year awards. The award is decided through a reader-driven vote among consulting-specifying engineers, meaning the judges are the professionals who design and deploy this equipment in the field. The SD3250 sits within a range of large diesel generators spanning 1.75MW to 3.25MW, built for data centres, healthcare and wider infrastructure. Manufacturing expansion supports global data centre demand. The award follows a run of strategic moves Generac has made to scale its Commercial & Industrial business, among them a collaboration with EPC Power to deliver fully integrated energy solutions for data centre applications and the acquisition of Enercon, which brings 50 years of expertise in generator enclosures and switchgear. Generac has paired these moves with expansion of manufacturing capacity at its Beaver Dam, Oshkosh and Sussex facilities in Wisconsin, alongside growth across APAC, Europe, the Middle East and Latin America, a geographic spread designed to support data centre growth with end-to-end solutions rather than isolated equipment sales. The hyperscale supply agreement and the CSE award arrived within a day of each other, giving Generac validation from an operator committing to years of supply and from the engineers who specify equipment for a living. Erik describes the win as particularly encouraging given who is doing the judging. "This award is especially meaningful because it comes directly from the engineers and professionals who design, specify and deploy power solutions in mission-critical environments," he says. "The SD3250 reflects our continued investment in delivering large-scale power solutions that meet the evolving needs of commercial and industrial customers and we're proud to see that work recognised by the specifying engineer community."
Generac CEO Aaron Jagdfeld told CNBC the company booked over $1 billion in data centre orders in 90 days, calling the pace "unlike anything we've ever seen before." He projected the buildout phase will continue for at least five to seven years, possibly longer. The power equipment maker's second-quarter earnings reached $2.91 per share, beating the $2.01 consensus. Revenue rose 10.59% year over year to $1.17 billion. Its data centre backlog hit approximately $1.6 billion, excluding volumes from a second hyperscale customer agreement signed during the quarter. Jagdfeld said Generac is shifting from 65% residential to a 50-50 balance between residential and commercial-industrial segments.
Generac Holdings reported second-quarter adjusted earnings of $2.91 per share, beating analysts' consensus estimate of $2.00. Revenue rose 11% year-over-year to $1.17 billion, slightly missing the $1.18 billion forecast. The company's earnings benefited from approximately $71 million in pre-tax tariff refunds, which contributed roughly 6% to gross margin. Adjusted EBITDA margin expanded to 24.8% from 17.7% a year earlier. The Commercial & Industrial segment drove growth, with sales rising 29% to $556 million, powered by data centre demand. Residential revenue declined 2% to $617 million. Generac secured a global supply agreement with a second hyperscale customer, bringing its data centre backlog to approximately $1.6 billion. The company raised its full-year adjusted EBITDA margin guidance to between 20.0% and 21.0%.
Generac reported Q2 2026 revenue of $1.17 billion, missing analyst expectations of $1.18 billion but marking a 10.6% year-on-year increase. The power generation products company significantly exceeded profit forecasts, posting non-GAAP earnings of $2.91 per share versus expectations of $2.01. The company attributed strong performance to its Commercial and Industrial segment, particularly data centre market revenue from large megawatt backup generators. Adjusted EBITDA reached $291 million, beating estimates of $216.6 million by 34.3%. Operating margin improved to 17.9% from 10.5% in the prior-year quarter, whilst free cash flow margin rose to 5.4% from 1.4%. Over the past two years, Generac's Commercial and Industrial segment has grown 20.8% annually, offsetting flat residential revenue growth.
Generac Holdings: Q2 earnings snapshot. July 29, 2026, 6:12 AM WAUKESHA, Wis. (AP) - WAUKESHA, Wis. (AP) - Generac Holdings Inc. (GNRC) on Wednesday reported second-quarter net income of $143.2 million. On a per-share basis, the Waukesha, Wisconsin-based company said it had profit of $2.40. Earnings, adjusted for one-time gains and costs, came to $2.91 per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.95 per share. The generator maker posted revenue of $1.17 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.18 billion. Keep Watching Top position battles at Commanders Training Camp This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNRC at https://www.zacks.com/ap/GNRC
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Industries
Hardware
Industrial & Manufacturing
Energy
Consumer Goods
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Waukesha, Wisconsin
Founded
1959
Find jobs on Simplify and start your career today