Innio crosses $1 billion in quarterly revenue as AI data centers buy their own power

The power equipment maker posted 57% revenue growth to $1.2 billion in the third quarter and raised its full-year outlook INNIO N.V. just had the kind of quarter most industrial companies only see in investor-day slide decks. The company reported third-quarter 2026 revenue of $1.2 billion on October 27, a 57% jump from the same period last year. It is the first time INNIO has topped $1 billion in a single quarter. The reason fits in two letters: AI. Data centers are hungry for electricity, and many cannot wait for the local utility to hook them up. So they are buying generation equipment and making power on-site. INNIO is one of the companies selling them the gear. Inside the numbers Equipment revenue did most of the heavy lifting. It climbed 86% to approximately $778 million in the quarter. Data centers made up 60% of that equipment revenue. Data center equipment revenue rose from $38 million to $463 million year over year. The services side grew too, though at a more grown-up pace. Services revenue increased 20% to $390 million. That split matters. Equipment sales are lumpy and tied to project timing. Service revenue tends to recur because installed machines need maintenance for ...