Monday, November 02, 2026
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Opportunity. The biggest takeaway from the quarter is the tremendous amount of opportunity available to NN. The pipeline in the key end markets-Data Center and Electric Grid, Defense and Electronics, and Medical-exceeds $270 million, with an overall pipeline of $750 million, and the prospect list is over $1 billion in additional opportunities being tracked that have yet to be quoted.
Growth. New-business awards totaled $106 million through September, and management expects more than 150 program launches during 2026. Data-center cooling, defense products, and robotic surgery components are expanding NN’s addressable applications. Management raised its full-year awards target to $110 million to $130 million.
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