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AAON Stock Explodes 50% on Record Q1 Earnings Beat, Massive Backlog Surge and Raised 2026 Outlook
TULSA, Okla. — AAON Inc. shares skyrocketed more than 50% in morning trading Thursday after the commercial HVAC manufacturer delivered blockbuster first-quarter results fueled by explosive demand for data center cooling solutions, shattering revenue forecasts and prompting a sharply higher full-year outlook.
The stock, which closed Wednesday at $98.30, rocketed as high as $149 intraday on volume several times the daily average. By mid-morning, shares traded around $147.94, up $49.63 or 50.49%, adding roughly $2.7 billion in market value in a single session and pushing the company’s market capitalization above $8 billion.
AAON reported record net sales of $496.9 million for the quarter ended March 31, a stunning 54.3% jump from $322.1 million a year earlier and far exceeding Wall Street expectations of around $381 million. The beat was driven by strength in both the core AAON brand and its fast-growing BASX subsidiary, which specializes in customized cooling for hyperscale data centers.
Data Center Boom Powers Growth
BASX-branded sales surged 72.4% to $228.6 million, reflecting insatiable demand from tech giants building out AI infrastructure. The segment’s backlog soared 160%, contributing to a company-wide record backlog of $2.1 billion — up 107.4% year-over-year.
“Strong demand across both brands, combined with accelerating production throughput from recent capacity investments, delivered exceptional results,” AAON executives said in the earnings release. The company highlighted improved utilization rates and operating leverage as key drivers.
GAAP diluted earnings per share rose 37.1% to $0.48, topping consensus estimates. Gross margin came in at 25.1%, down slightly from the prior year due to costs associated with capacity expansion and temporary outsourcing, but management emphasized these pressures are transitory. Selling, general and administrative expenses improved significantly as a percentage of sales, dropping 220 basis points to 13.7%.
Raised Guidance Signals Confidence
Buoyed by the results, AAON dramatically raised its 2026 outlook. The company now expects full-year revenue growth of 40%-45%, well above prior guidance, with gross margins projected at approximately 27-28%. The updated forecast reflects the massive backlog and ongoing operational improvements.
Analysts reacted positively to the news. The strong beat validates AAON’s positioning at the intersection of traditional commercial HVAC and the high-growth data center cooling market, where liquid cooling and specialized air-side solutions are in short supply amid the AI buildout.
Company Background and Strategy
Founded in 1988 and headquartered in Tulsa, AAON designs and manufactures premium heating, ventilation and air conditioning equipment known for energy efficiency and reliability. The company serves commercial, industrial and institutional customers across North America. Its 2024 acquisition and expansion of BASX has positioned it as a key player in the data center space, where cooling represents a critical and growing portion of total power consumption for AI training facilities.
Recent capacity investments, including new manufacturing lines and facility expansions, are now paying dividends. Management noted that production rates have accelerated, helping convert backlog into revenue at a faster clip. The company has also benefited from share gains in a market where competitors face their own supply chain and execution challenges.
Market Reaction and Valuation
The massive move Thursday marks one of the largest single-day percentage gains in the company’s history and reflects pent-up optimism after periods of operational digestion. Prior to today’s surge, shares had traded in a range between $62 and $116 over the past 52 weeks. The rally pushes the stock well above its previous all-time highs.
At current levels, AAON trades at elevated multiples, but bulls argue the growth trajectory justifies the premium. Data center tailwinds are seen as durable given multi-year AI infrastructure plans from major hyperscalers. Analysts maintain a strong buy consensus with price targets that, even after today’s jump, suggest further upside for some.
Short-term risks include potential margin volatility as the company continues scaling, supply chain dynamics for specialized components, and any slowdown in data center CapEx. However, the record backlog provides substantial visibility.
Broader Industry Context
AAON’s performance underscores the ripple effects of the artificial intelligence boom across supporting infrastructure sectors. Data centers require sophisticated HVAC systems to manage immense heat loads from GPUs and servers. Traditional air cooling is being supplemented — and in some cases replaced — by advanced liquid cooling solutions where BASX has carved out a niche.
The commercial construction market, while softer in some segments, continues to favor energy-efficient products amid rising utility costs and sustainability mandates. AAON’s focus on high-performance equipment aligns with these trends, supporting long-term demand.
Wall Street had entered the earnings period with cautious optimism. Pre-release estimates called for more modest growth, but the actual results and guidance upgrade have shifted sentiment decisively bullish. The earnings call, scheduled for 9 a.m. ET, is expected to draw heightened attention as investors seek details on capacity ramp timelines and customer concentration.
Outlook and Strategic Moves
Looking ahead, AAON plans to continue investing in capacity while improving operational efficiency. Recent leadership changes, including a new CFO, aim to strengthen execution as the company scales. Dividend increases and share repurchase authorizations in prior periods signal confidence in cash flow generation.
For investors, today’s surge highlights both opportunity and volatility in growth stocks tied to secular themes like AI. While the move may invite profit-taking, the fundamental story — record demand, expanding margins and a fortress-like backlog — suggests AAON has momentum.
As trading continues Thursday, all eyes remain on whether the stock can hold these elevated levels or if the rally extends further on momentum. Regardless, AAON has delivered a powerful reminder of how niche industrial players can become major beneficiaries of transformative technologies.
The company’s transformation from a regional HVAC supplier to a critical enabler of the AI economy appears well underway, with today’s results marking a significant milestone in that journey. Whether this proves to be a new chapter of sustained outperformance will depend on execution in the quarters ahead, but for now, investors are rewarding AAON handsomely for delivering on its growth promises.
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Savannah Guthrie Back on ‘Today’ After Mysterious Mid-Show Exit
NEW YORK — Savannah Guthrie returned to her anchor chair on NBC’s “Today” show Thursday, May 7, one day after abruptly leaving the live broadcast midway through Wednesday’s episode, sparking widespread concern and speculation tied to her family’s ongoing tragedy.
The 54-year-old co-anchor, who had only recently resumed full-time duties after a two-month absence to focus on the search for her missing mother, appeared composed and professional as she greeted viewers alongside colleagues. No immediate explanation was offered for her sudden departure the previous day, when she left roughly 90 minutes into the four-hour program.

Co-anchor Craig Melvin had reassured audiences Wednesday, saying simply, “Savannah had to leave a little early. She will be right back here tomorrow though.” Guthrie did not address the exit during Thursday’s opening segments, maintaining the show’s typical upbeat flow despite the swirl of questions.
Context of a Difficult Year
Guthrie’s brief absence comes against the backdrop of profound personal hardship. Her 84-year-old mother, Nancy Guthrie, was reported missing from her home in Pima County, Arizona, on Feb. 1, 2026. Authorities have investigated the case as a suspected abduction, citing security footage of a masked individual, but no suspects have been named and no proof of life has emerged nearly 100 days later.
Guthrie stepped away from “Today” for about two months following the disappearance, using the time to support family efforts and coordinate with investigators. She made an emotional return to the anchor desk on April 6, telling viewers it felt “good to be home” while wearing a bright yellow dress — a color symbolizing hope in the search for her mother.
In a pre-return interview, Guthrie spoke candidly about her decision to come back. “I can’t not come back because it’s my family,” she said. “I think it’s part of my purpose right now. I want to smile. And when I do, it will be real. And my joy will be my protest.”
Wednesday’s Abrupt Exit
Viewers noticed Guthrie’s departure around 8:30 a.m. ET on May 6 as the show shifted segments. Melvin seamlessly took over hosting duties outdoors on the plaza with other correspondents, including Jenna Bush Hager and Sheinelle Jones. The moment quickly went viral on social media, with many linking it to the emotional weight of upcoming Mother’s Day programming and the unresolved pain surrounding Nancy’s case.
A source told Page Six that Guthrie left “for some sort of appointment” unrelated to her mother. NBC has not commented publicly on the reason, and Guthrie herself has remained silent on social media about the incident.
The exit echoed a smaller moment earlier in April when Guthrie briefly stepped away, prompting similar online chatter. Fans and observers have expressed both concern and admiration for her resilience in returning to work amid such uncertainty.
Guthrie’s Career and Role on ‘Today’
Savannah Guthrie joined “Today” in 2012 as a co-anchor, bringing her experience as a former White House correspondent and NBC News legal analyst. Known for her sharp journalism, warm on-air presence and ability to handle tough interviews, she has become a cornerstone of the morning show alongside Craig Melvin following Hoda Kotb’s departure from the main desk.
Her tenure has included major breaking news coverage, high-profile interviews and lighter fare that defines morning television. Colleagues describe her as professional and dedicated, qualities that have helped her navigate this personal crisis while fulfilling broadcast duties.
Thursday’s return episode featured standard segments on news, lifestyle and entertainment, with no overt reference to the previous day’s events or her mother’s situation in the early hours. The show has periodically updated viewers on developments in Nancy Guthrie’s case, balancing sensitivity with journalistic responsibility.
Impact on Viewers and the Show
“Today” remains one of America’s most-watched morning programs, though it faces stiff competition from ABC’s “Good Morning America” and CBS’s “CBS Mornings.” Guthrie’s temporary leaves and returns have drawn significant attention, often boosting short-term viewership among loyal audiences invested in her story.
Social media reactions Thursday mixed relief at her return with continued speculation. Hashtags related to both Guthrie and her mother trended, reflecting the intense public interest in the family’s ordeal. Supportive messages poured in, with many praising her strength.
NBC has offered resources and flexibility to Guthrie, sources say, allowing her to balance work with family needs. The network’s handling of the situation has drawn praise for compassion while critics question whether more time off might be warranted, especially around emotionally charged holidays like Mother’s Day.
Broader Search Efforts
Nancy Guthrie’s disappearance has captivated national attention. The case involves elements that feel ripped from a true-crime drama: an elderly woman taken from her home in broad daylight, limited physical evidence and a family desperate for answers. Local authorities continue to appeal for tips, and private investigators have assisted the family.
Guthrie has used her platform sparingly but powerfully, pleading for information and expressing gratitude for public support. She has five children with husband Michael Feldman, including young kids who add another layer of complexity to managing grief and normalcy.
Friends and former colleagues have rallied around her. Hoda Kotb, a close confidante, has been vocal in her support. The “Today” family has worn ribbons and displayed symbols of hope on air at times.
Looking Ahead
As Guthrie settles back into her routine, questions linger about how long she can sustain the dual demands of anchoring a major national show and advocating for her mother’s safe return. Insiders say she remains committed to both roles, viewing the broadcast desk as a source of purpose and connection.
Thursday’s episode proceeded without incident, a return to normalcy that many viewers welcomed. Yet the mystery of Wednesday’s exit — whether a doctor’s appointment, emotional overload or something else — underscores the private battles often hidden behind public smiles in live television.
In the competitive world of morning TV, where personalities matter as much as headlines, Guthrie’s story has humanized the anchor role. Her poise amid adversity resonates with audiences facing their own challenges.
As the search for Nancy Guthrie enters its fourth month, “Today” viewers will likely continue watching not just for news, but for updates on one of their own. Savannah Guthrie’s resilience offers a narrative of strength, even as uncertainty persists.
For now, she is back where millions have come to expect her each weekday morning — delivering the news with professionalism while carrying an unimaginable weight. The show, and her role in it, marches on.
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Southeast Asian Media Groups Issue Joint Statement on Artificial Intelligence’s Impact on Journalism
Over a dozen Southeast Asian news outlets issued a joint statement on World Press Freedom Day 2026, warning that Big Tech algorithms, AI content scraping, and disinformation are destroying journalism’s economic model, suppressing verified information, and threatening democratic society’s access to facts.
Key Points
- Over a dozen Southeast Asian news outlets issued a joint statement on World Press Freedom Day 2026, warning that Big Tech platforms and AI systems are threatening journalism by deprioritizing news content and allowing AI scrapers to extract journalistic work without compensation.
- Big Tech monopolizes over 76% of global digital advertising revenue, while AI deepfakes and disinformation flood the internet, eroding public trust and pushing newsrooms toward closure through revenue loss and rising operational costs.
- The outlets are calling for transparent algorithms, fair compensation for publishers, radical collaboration among news organizations, and a reimagined digital space that prioritizes verified information and human thriving over corporate profit.
Southeast Asian News Outlets Unite Against Big Tech’s Threat to Journalism
For the first time, more than a dozen Southeast Asian news organizations have issued a joint statement on World Press Freedom Day 2026, addressing the growing crisis threatening independent journalism. The statement highlights how digital platforms and AI systems are quietly dismantling the infrastructure that allows credible news organizations to survive. While journalists continue reporting from frontlines during crises, they simultaneously face an invisible battle — one unfolding in algorithms, advertising ecosystems, and the rapid spread of AI-generated misinformation.
Big Tech’s Monopoly Is Strangling the Economics of Independent Media
The statement identifies two critical threats to journalism’s sustainability. First, platforms like Meta have deprioritized news content, effectively severing media organizations from their audiences. Second, AI scrapers extract journalistic content without compensating publishers, while altered search and social media algorithms dramatically reduce traffic and visibility. These forces compound existing financial pressures on already-struggling newsrooms. Alarmingly, over 76% of global digital advertising revenue is now captured by Big Tech giants like Facebook and Google, leaving independent outlets with little economic ground to stand on.
A Call for Radical Collaboration to Reclaim the Internet
The signatories warn that AI deepfakes and rampant disinformation are eroding public trust, crowding out credible reporting, and making audiences skeptical of everything online. These combined pressures have triggered mass layoffs, journalist attrition, and newsroom closures across the industry. In response, the outlets call for transparent, people-first algorithms, fair compensation for journalistic content, and “radical collaboration” among news groups, communities, and civic organizations. Their collective message is clear: building a healthier internet where facts thrive requires unified action against monopolistic Big Tech and its profit-driven design choices.
Source : ASEAN newsrooms issue joint statement about AI impact on journalism
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Chiron Real Estate Inc. (XRN) Q1 2026 Earnings Call Transcript
Operator
Good morning, ladies and gentlemen, and welcome to the Chiron Real Estate, Inc. First Quarter 2026 Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, May 7, 2026. I would now like to turn the conference call over to Mr. Jamie Barber, General Counsel. Please go ahead.
Jamie Barber
General Counsel & Corporate Secretary
Good morning, everyone, and welcome to Chiron Real Estate’s First Quarter 2026 Earnings Conference Call. My name is Jamie Barber, and I’m Chiron’s General Counsel. On the call today are Mark Decker, Jr., Chief Executive Officer; Bob Kiernan, Chief Financial Officer; Alfonzo Leon, Chief Investment Officer; and Danica Holley, Chief Operating Officer.
Statements or comments made on this conference call may be forward-looking statements. Forward-looking statements may include, but are not necessarily limited to, financial projections or other statements of the company’s plans, objectives, expectations or intentions. These matters involve certain risks and uncertainties.
The company’s actual results may differ significantly from those projected or suggested from any forward-looking statements due to a variety of factors, which are discussed in detail in our SEC filings. Additionally, on this call, the company may refer to certain non-GAAP financial measures. You can find a tabular reconciliation of these non-GAAP financial measures to the most current comparable GAAP numbers in the company’s earnings release and filings with the SEC. Additional information may be found on the Investor Relations page of the company’s website
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