Filing Flows › Pioneer Power Solutions (PPSI) › Q2 2026
Pioneer Power Solutions (PPSI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 14, 2026
Pioneer Power Solutions (PPSI) reported revenue of $4.7M for the second quarter 2026 (Q2 2026), -27% from a year earlier and +18% from the quarter before. Operating margin was -42.5%, net loss $2.1M (43.7% of revenue).
Pioneer Power Solutions, Q2 2026: revenue $4.7M (-28% year over year), operating margin -42.5%, net loss $2.1M, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7M | +18% | -27% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$2.1M | — | — |
| Operating cash flow | −$2.7M | — | — |
What changed
Revenue was $4.7M in Q2 2026, down 27% year over year and up 18% from the previous quarter. Product was the largest line at 54% of revenue. Product lost $1.7M year over year (down 40%), 94% of the total change.
Gross margin was 20.9%, up 0.7 points from Q2 2025. Operating costs exceeded revenue by $2.0M, an operating margin of -42.5%. Operating expenses fell 1% while revenue fell 27%. The fastest-growing cost line was SG&A (+14%). The quarter ended with a net loss of $2.1M, narrower than the previous quarter's $2.5M loss.
Operating cash flow was −$2.7M. Non-cash charges added back $254K of depreciation and $1K of share-based compensation. Working capital and other items used $935K. Capital expenditures of $76K exceeded it, leaving free cash flow of −$2.8M.
Questions
What was Pioneer Power Solutions' revenue in the second quarter 2026?
Pioneer Power Solutions (PPSI) reported revenue of $4.7M for the second quarter 2026 (Q2 2026), -27% from a year earlier and +18% from the quarter before.
Was Pioneer Power Solutions profitable in the second quarter 2026?
Operating loss was $2.0M (-42.5% of revenue) and net loss $2.1M.