Ideal Power
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Ideal Power (IPWR) investor relations material

Ideal Power Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary12 Nov, 2026

Executive summary

  • Sales funnel expanded to ~$450M, split roughly evenly between automotive and AI data center/industrial circuit-protection opportunities; focus remains converting evaluations into design-ins and volume orders.

  • Customer programs are taking longer than expected to reach production as system architectures and specifications evolve.

  • Q3 progress included a Power Integrations intelligent circuit-breaker prototype, RDK shipments, and functional first silicon from the foundry.

Financial highlights

  • Q3 2026 revenue was $7,000 vs. $24,450 in Q3 2025; gross loss was $2,768 vs. $1,619.

  • Operating expenses were $3.92M vs. $3.02M, mainly reflecting personnel, stock compensation and non-cash patent impairments; operating loss was $3.92M vs. $3.02M.

  • Net loss was $3.58M vs. $2.94M in Q3; 9M net loss was $10.63M vs. $8.68M.

Outlook and guidance

  • AI data center product revenue is expected mainly in H2 2027, following H1 development agreements, NRE work and potential small/RDK orders; revenue is expected to build over multiple years.

  • Q4 2026 cash burn guidance is $2.7M–$2.9M; FY 2026 cash burn is forecast at $10.4M–$10.6M vs. $9.6M in 2025.

  • Near-term priorities include customer NRE agreements, broader RDK shipments, advancing Stellantis’ EV contactor program and completing JEDEC qualification by year-end 2026.

  • Operating expenses may increase modestly as sales and engineering teams expand; quarterly R&D and stock-compensation expense may vary.

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Frequently asked questions

Ideal Power Inc. is a technology company specializing in innovative power conversion technologies. The company focuses on the development of its patented Bidirectional Bipolar Junction Transistor (B-TRAN) technology, designed to improve the efficiency, size, and cost of power switches used in energy storage, renewable energy, electric vehicles, and industrial applications. The company is headquartered in Austin, Texas, and its shares are listed on the NASDAQ.