Quarterly UpdatesApr 14, 2026, 04:16 PM
NN Inc. Raises 2026 New Business Win Guidance to $80M-$90M
AI Summary
NN, Inc. announced preliminary Q1 2026 net sales are expected to grow and exceed forecasts, driven by strong new business awards. The company secured approximately $43 million in new awards during Q1, primarily in the Electric Grid and Data Center markets, aligning with its strategy to shift towards high-growth sectors. Consequently, NN is raising its full-year 2026 guidance for new business wins to a range of $80 million to $90 million and expects net sales to be in the upper half of its $445 million to $465 million original guidance. This momentum, supported by over 60 new program launches, positions the company for strong sales growth through 2026 and beyond.
Key Highlights
- Preliminary Q1 2026 net sales expected to show growth.
- Secured $43 million in new awards in Q1, focused on Electric Grid/Data Center.
- Raised 2026 new business win guidance to $80M-$90M.
- Maintains 2026 net sales guidance, targeting top half of $445M-$465M.
- Launched over 60 new programs, creating shippable backlog.