INIO · INIO Q2 FY2026 earnings call record财报电话会记录

“Given this strong performance and our record backlog, we are introducing full year 2026 guidance today.”

“Let me begin with who we are, what we do, and what is driving the growing demand we see from customers.”

“On the left side, you can see the significant growth of our equipment order intake, which increased from $3.9 billion in 2025 to $6.6 billion for the last 12 months.”

“Service revenue reached $1.4 billion for the last 12 months ended in Q2 2026, with an adjusted segment EBITDA margin of 30% for the same period.”

“With demand continuing to accelerate, an important question is: Why are more and more customers choosing gas engine solutions?”

“Group revenue increased 42% year-over-year, reflecting high customer demand and ongoing execution.”

“On the right, adjusted segment EBITDA, $188 million, up 24% year-over-year at a 20% segment margin.”

“On profitability, the segment margin came in at 14% compared to 19% in the prior year quarter.”

“First, the equipment segment margin already recovered meaningfully from the first quarter, and secondly, we are expecting to continue to grow equipment segment margins to high teens in Q4 based on operating leverage and backlog pricing dynamics.”

“On revenue, we expect $3.8 billion-$3.9 billion for the full year.”

“On profitability, we expect Adjusted EBITDA to be $720 million-$740 million, an increase of roughly one-third versus the $549 million we delivered in 2025 at a group margin of approximately 19%.”

“With the orders being much better than expected and the really robust commentary on backlog and pipeline, I'm curious if 10 GW is enough.”