Earnings Releases·Nov 5, 2026, 4:20 PM ET

Power Solutions International — Third Quarter 2026 Earnings Summary

Net sales decreased 1% year-over-year to $202.1 million but rose 32.5% sequentially; gross margin expanded 580 basis points to 29.7% and operating income reached a record $40.9 million, a 44% year-over-year increase.
The company raised its second-half 2026 outlook expecting net sales to exceed prior-year levels as larger Power Systems orders enter production, though Q4 gross margin is expected to be modestly lower due to the non-recurrence of a $3.8 million tariff refund.
Significant balance sheet improvements include a net cash position of approximately $34.3 million following a $34.9 million debt reduction and the closing of a new $220.0 million credit facility with an 80 basis point lower borrowing spread.
Strategic priorities under the Power Boost 2030 vision include expanding in the data center market and investing in manufacturing capabilities, while revenue recognition remains subject to customer scheduling and supply chain constraints.