NN Inc (NNBR) reported a strong first quarter for 2026, with earnings per share (EPS) of $0.02, significantly beating the forecast of -$0.06. This represents a 133.33% earnings surprise. Revenue came in at $118.5 million, also exceeding expectations of $106.78 million.
In after-hours trading, NN Inc's stock surged 11.74% to close at $2.76. However, premarket activity showed a 2.21% decline to $2.21, suggesting initial positive sentiment followed by profit-taking or market volatility.
The company raised its 2026 guidance: net sales now expected between $450-470 million, and adjusted EBITDA between $52-62 million, representing approximately 9% and 16% growth year-over-year, respectively.
NN Inc's strategic initiatives, including portfolio transformation and cost reduction, have resulted in the highest trailing 12-month adjusted EBITDA in five years. The company is focusing on growth in data center and electric grid markets.
