Power Solutions International Q2 net income falls 67% to $16.9 million on 21% sales drop
Power Solutions International reported second-quarter 2026 net sales of $152.5 million, down 21% from $191.9 million a year earlier, and net income of $16.9 million, down from $51.2 million. The prior-year quarter included a $29.2 million tax benefit, and diluted EPS was $0.73 versus $2.22. The company said it expects second-half 2026 sales to exceed first-half sales, but it is not providing formal full-year guidance.
Key points
- Net sales were $152.5 million, down $39.4 million or 21%, mainly from lower power systems shipments tied to data center order timing and softer oil and gas demand.
- Net income was $16.9 million, or $0.73 per diluted share, versus $51.2 million, or $2.22 per diluted share, a year earlier.
- Gross margin was 27.1% versus 28.2% a year earlier, and rose about 420 basis points from the first quarter of 2026.
- Total debt fell about $30.8 million during the quarter to $72.6 million as of June 30, 2026.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.