Filing Flows › Power Solutions International (PSIX) › Q2 2026 › vs Q2 2025
Power Solutions International (PSIX) Q2 2026 vs Q2 2025 (year over year)
Power Solutions International's revenue fell $39.4M (-21%) from $192M in Q2 2025 to $153M in Q2 2026. The biggest changes: Power Systems −$34.6M (-22%); Industrial −$3.0M (-10%); Transportation −$1.7M (-34%). Gross margin 27.1% against 28.2% (-1.1 pts).
Power Solutions International, Q2 2026: revenue $153M (-20% year over year), operating margin 15.7%, net earnings $16.9M, operating cash flow $56.6M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 27.1% | 28.2% | -1.1 pts |
| Operating margin | 15.7% | 16.9% | -1.2 pts |
| Net margin | 11.1% | 26.7% | -15.6 pts |
| Free cash flow margin | 36.5% | 7.6% | +28.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Power Systems | $122M | $157M | −$34.6M | -22% |
| Industrial | $26.8M | $29.9M | −$3.0M | -10% |
| Transportation | $3.4M | $5.1M | −$1.7M | -34% |
| Revenue | $153M | $192M | −$39.4M | -21% |
| Gross profit | $41.4M | $54.1M | −$12.7M | -24% |
| Cost of revenue | $111M | $138M | −$26.6M | -19% |
| Operating profit | $23.9M | $32.5M | −$8.6M | -26% |
| Operating expenses | $17.4M | $21.6M | −$4.2M | -19% |
| Pre-tax earnings | $22.5M | $31.1M | −$8.6M | -28% |
| Other expense, net | $1.4M | $1.4M | $43K | +3% |
| Research & development | $5.1M | $4.6M | $436K | +9% |
| SG&A | $12.1M | $16.7M | −$4.6M | -27% |
| Other operating costs | $280K | $306K | −$26K | -8% |
| Net earnings | $16.9M | $51.2M | −$34.4M | -67% |
| Income tax | $5.6M | −$20.1M | $25.7M | — |
| Depreciation & amortization | $1.7M | $1.3M | $350K | +26% |
| Share-based compensation | $430K | $154K | $276K | +179% |
| Working capital & other | $37.6M | −$36.0M | $73.7M | — |
| Operating cash flow | $56.6M | $16.7M | $39.9M | +240% |
| Free cash flow (OCF − capex) | $55.7M | $14.6M | $41.1M | +281% |
| Capital expenditures | $846K | $2.0M | −$1.2M | -58% |
Questions
How much did Power Solutions International's revenue grow year over year in Q2 2026?
Power Solutions International's revenue fell $39.4M (-21%) from $192M in Q2 2025 to $153M in Q2 2026.
What drove Power Solutions International's revenue change in Q2 2026?
Power Systems −$34.6M (-22%); Industrial −$3.0M (-10%); Transportation −$1.7M (-34%).