POWER SOLUTIONS INTERNATIONAL, INC. (PSIX) Form 10-Q — Aug 6, 2026
Power Solutions International reported Q2 2026 net sales of $152.5 million, down 21% year over year, with net income of $16.9 million ($0.73 diluted EPS) versus $51.2 million ($2.22) in Q2 2025. Management attributed the decline primarily to uneven ordering and shipment timing on data-center-related power systems plus continued softness in the oil and gas end market. Cash generation was the bright spot: first-half operating cash flow reached $75.7 million, up 197% year over year, and cash rose to $70.1 million from $41.3 million at year-end 2025.
Key figures
- Eps
- 0.73
- Revenue
- 152544000
- Guidance
- No formal full-year guidance; expects 2H 2026 sales to exceed 1H 2026 and to be approximately in line with 2H 2025 as larger Power Systems orders move into production
- Net Income
- 16861000
- Total Debt
- 72649000
- Cash Position
- 70062000
- Reporting period
- Q2 2026 (three months ended June 30, 2026)
- Letters of credit
- 2500000
- Revolver capacity
- 135000000
- Revolver maturity
- July 30, 2027
- Six month revenue
- 281136000
- Shares outstanding
- 23065450
- Gross margin q2 2025
- 28.2%
- Gross margin q2 2026
- 27.1%
- Revolver outstanding
- 65000000
- Six month net income
- 24161000
- Six month diluted eps
- 1.05
- Total stockholders equity
- 203068000
- Weichai ownership percent
- 46.0%
- Adjusted diluted eps q2 2026
- 0.78
- Mtl acquisition purchase price
- $11.1 million (total consideration $13.2 million including working capital adjustments)
- Operating cash flow six months
- 75724000
- Operating cash flow yoy growth
- +197%
- Tariff refund received q2 2026
- 22700000
- Gross margin sequential improvement
- ~420 bps vs Q1 2026
Price after filing
Close on the filing date to close N calendar days later (from $34.86). Historical, not a forecast.
AI analysis
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