#USA #New York #AI Data Center #Coherent Corp #Onto Innovation

Surge in AI Data Center Suppliers' Growth Amid Stock Market Decline

As the U.S. stock market grapples with recent inflation data, several companies providing critical equipment and services for AI data centers are expressing remarkable growth in their latest quarterly earnings. On November 10, 2026, the Bureau of Labor Statistics released the latest Consumer Price Index, revealing a 0.4% increase for October, following a 0.6% rise in September. This news has led to a decreased performance in major stock indexes, including a drop in the S&P 500 by 0.76% and the Nasdaq Composite by 1.07%.

Despite the market downturn, companies within the AI infrastructure sector, including Onto Innovation Inc. (NYSE: ONTO), Coherent Corp. (NYSE: COHR), Sanmina Corporation (NASDAQ: SANM), AAON, Inc. (NASDAQ: AAON), and Generac Holdings Inc. (NYSE: GNRC), have reported impressive earnings that highlight their resilience.

Onto Innovation Inc. - Driving Growth with Innovative Solutions

Onto Innovation stands out as a leader in chip inspection technologies for AI data centers. In their recent third-quarter report, Onto announced record revenues of $410 million—an impressive 88% increase from the same quarter last year. This growth is attributed to the success of their Dragonfly and Firefly inspection systems, which are crucial in managing increasingly complex device architectures in AI and high-performance computing. CEO Mike Plisinski attributed this success to exceptional market execution and ongoing demand for advanced packaging and specialty devices, projecting fourth-quarter revenues between $430 million and $450 million.

Coherent Corp. - A Transition from Copper to Optical Connectivity

Coherent Corp. has established itself as a significant player in the photonics industry, with a focus on optical connectivity solutions for AI data centers. Despite a slight dip in stock performance, their latest fiscal report reveals a 50% year-over-year increase in revenue, totaling $2.37 billion. CEO Jim Anderson forecasts that continuing shifts toward optical communication will enhance the company's growth potential, highlighting the importance of their broad photonics platform in responding to rising bandwidth and energy efficiency demands.

Sanmina Corporation - Integrated Manufacturing Solutions

Sanmina Corporation showcased significant growth in Q4, reporting revenues of $3.86 billion for the quarter and $14.53 billion for the fiscal year. Their disciplined growth strategy in diversified markets has been pivotal, particularly after integrating ZT Systems to strengthen their position in the Cloud and AI infrastructure landscape. The anticipated earnings for the next fiscal year—alluding to a revenue target between $17.5 billion and $19.5 billion—are a testament to their strong market position.

AAON, Inc. - Meeting Heightened Demands in Cooling Solutions

AAON, which specializes in innovative cooling solutions necessary for AI data centers, reported an astounding 84.1% increase in net sales reaching $707.4 million. Their focus on enhancing operating performance led to a significant backlog increase, suggesting strong future demand amid 72%-75% growth expectations for the year. This robust performance underscores AAON's ability to meet growing data center requirements for efficient cooling systems.

Generac Holdings Inc. - Powering the Future of Data Centers

Despite experiencing a minor stock dip, Generac Holdings continues to show strength with third-quarter revenues reaching $1.29 billion—a 16% year-over-year growth. The significant backlog for data center-oriented products, amounting to approximately $4.5 billion, positions Generac as an essential player in the market. CEO Aaron Jagdfeld emphasized the momentum from data center customers reflecting their confidence in Generac’s offerings.

Conclusion

The convergence of strong earnings reports from key players within the AI data center supply chain paints a picture of resilience and growth in a time of broader financial market challenges. Companies like Onto Innovation, Coherent Corp, Sanmina Corporation, AAON, and Generac Holdings are at the forefront, driving innovations and solutions that are increasingly crucial as demand for AI and data center capabilities continues to surge. Despite the headwinds of inflation, these firms exemplify robust operational execution, showcasing their significance in the evolving technology landscape.