10 Best Growth Stocks to Buy and Hold for the Next Decade

​8. AAON, Inc. (NASDAQ:AAON)

EPS Growth Next 5 Years: 50.26%

Number of Hedge Fund Holders: 30

​AAON, Inc. (NASDAQ:AAON) is one of the Best Growth Stocks to Buy and Hold for the Next Decade. AAON, Inc. (NASDAQ:AAON) has gained more than 38% since the release of its fiscal Q1 2026 earnings on May 7. The gains were driven by a robust earnings beat.

​During the quarter, the company posted $496.94 million in revenue and surpassed the expectations of $383.6 million. The EPS of $0.48 also topped the expectations of $0.29. Management noted the quarterly performance was driven by the BASX brand, which reported an increase in sales of 72.4% to $228.6 million as liquid cooling demand for AI infrastructure continues to accelerate production throughput.

​Separately, on June 2, the company’s CEO Matt Tobolski and CFO Andy Cheung presented at the William Blair Growth Stock Conference in Chicago, outlining the company’s strategic direction to investors. Management noted that AAON has positioned itself as a best-in-class HVAC manufacturer and highlighted expanded production capacity, upgraded systems, new product innovations, and a stronger supply chain and leadership team.

​A core theme was the company’s dual-brand strategy, supported by a healthy order backlog and solid margins. The order backlog in Q1 2026 surged 107.4% year-over-year to a record $2.13 billion, driven primarily by a 160% increase in BASX-branded data center cooling orders.

AAON, Inc. (NASDAQ:AAON) manufactures customizable, high-performance HVAC solutions for commercial and industrial buildings, including rooftop units, chillers, and data center cooling systems.