Power Solutions International — Third Quarter 2026 Earnings Summary

Power Solutions International reported third-quarter 2026 net sales of $202.1 million, representing a 1% decrease from the prior year but a 32.5% increase sequentially. The company achieved record operating income of $40.9 million and net income of $29.9 million, driven by a 580 basis point expansion in gross margin to 29.7% following operational improvements and a one-time $3.8 million tariff refund. Total debt was reduced by approximately $34.9 million during the quarter, resulting in a net cash position of $34.3 million as of September 30, 2026. Based on larger Power Systems orders moving into production, the company raised its outlook, expecting second-half 2026 net sales to exceed the previous year's levels.