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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.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.
- Patented B-TRAN tech targets booming DC markets, with data centers leading commercialization.IPWR
IAccess Alpha Virtual Best Ideas Fall Investment Conference 2026 - Q2 2026 saw SSCB and EV project progress, $27.7M raised, and cash at $41.3M with no debt.IPWR
Q2 2026 - Shelf registration allows up to $75M in offerings to fund B-TRANⓇ commercialization and growth.IPWR
Registration filing - Secured a major design win in solid-state switchgear, targeting rapid revenue growth in 2025.IPWR
Emerging Growth Conference 78 - B-TRAN® enables efficient, low-loss DC fault blocking in MMC HVDC systems, surpassing IGBT solutions.IPWR
Conference presentation - B-TRANⓇ delivers efficient, bidirectional solid-state protection for next-gen high-voltage DC grids.IPWR
Conference presentation - B-TRAN® enables efficient, cost-effective power switching for fast-growing markets, with strong customer traction.IPWR
Investor presentation - B-TRAN commercialization accelerates with strong leadership, market growth, and strategic alliances.IPWR
Status update - B-TRAN™ commercialization accelerates with new auto partners, strong cash, and 2025 revenue ramp.IPWR
Q3 2024
Next Ideal Power earnings date
Next Ideal Power earnings date
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