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Generac
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Updated Aug 4, 2026
Generac Q2 2026: Data Center C&I Surge Drives 29% Segment Growth as $61M Tariff Refunds Inflate Margins
Generac's Commercial & Industrial segment posted 29% revenue growth in Q2 2026, with core growth driven primarily by ramping shipments of large-megawatt diesel generators into the global data center market — the first full quarter of visible contribution from this product line at scale. Consolidated gross margin expanded to 44.5% from 39.3%, but approximately 6 percentage points of that gain reflected one-time IEEPA tariff refunds totaling $61 million received following a February 2026 Supreme Court ruling; underlying margin improvement is materially thinner. The segment reorganization — splitting the former Domestic and International segments into Residential and C&I effective March 31, 2026 — now makes data center revenue traction directly legible in the reporting structure for the first time.
Tone: bullishRevenue
$4.2B
GNRC 10-K · FY 2025
Employees
9,400
Revenue FY2024
$4.3B
Founded
1959
Profile
GNRC 10-K Item 1 · Feb 18, 2026Generac Holdings is a leading global designer, manufacturer, and provider of energy technology solutions, spanning power generation equipment, energy storage systems, and energy management devices for residential, commercial, data center, telecom, rental, and industrial markets. Founded in 1959 and headquartered in Waukesha, Wisconsin, the company operates across two reportable segments — Domestic and International — and distributes through an omni-channel network of dealers, retailers, wholesalers, and direct sales. Its strategic plan, 'Powering a Smarter World,' positions the business around energy resilience, efficiency, and critical infrastructure innovation.
Read filing description ↓ Collapse description ↑
Founded in 1959, Generac is a leading global designer, manufacturer, and provider of a wide range of energy technology solutions. Generac provides power generation equipment, energy storage systems, energy management devices & solutions, and other power products and services serving the residential, commercial, data center, telecom, rental, and industrial markets. The Company's broad portfolio of energy technology offerings for homes and businesses enables its mission to Power a Smarter World and lead the evolution to more resilient, efficient, and innovative energy solutions. We have a long history of providing power generation products across a variety of applications, and we maintain one of the leading positions in the North American market for power equipment with an expanding presence internationally. We believe we have one of the widest ranges of products in the power generation marketplace, including residential, commercial, and industrial standby generators, as well as portable and mobile generators used in a variety of applications. The recent introduction of our large-megawatt diesel generator line-up has substantially increased our served addressable market, allowing us to participate in the supply-constrained data center market which is expected to grow significantly over the coming years due to the mass adoption of artificial intelligence. Over the last few years, we have also been focused on building out ecosystems of energy technology products, solutions, and services for homes and businesses, allowing us to fully integrate our product portfolios together into common platforms and user interfaces and enabling end users to better manage their energy resilience and costs. We have also been leveraging our leading position in the growing market for natural gas fueled generators, which we believe represents a cleaner fuel compared to diesel, to develop solutions for applications beyond standby power, allowing us to participate in multi-purpose microgrid projects for C&I customers.
Primary products
- Residential automatic standby generators
- Portable and inverter generators
- PWRcell energy storage systems
- PWRcell 2 Series energy storage systems
- PWRmicro microinverters
- ecobee smart thermostats and home monitoring products
Business segments
End markets
Geographies
Named customers
Our network is well balanced with no single customer providing more than 4% of our net sales in 2025.
Named competitors
“Overall, we compete primarily based on brand reputation, quality, reliability, pricing, innovative features, breadth of product & solution offering, product availability and factory support.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
External net sales declined from $4,295,834 thousand in 2024 to $4,209,147 thousand in 2025, reflecting lower domestic net sales partially offset by modest international growth.
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