Ideal Power Reports Third Quarter 2026 Financial Results

David Somo, President and Chief Executive Officer of Ideal Power

“Customer engagements expanded as the transition to higher-voltage DC architectures is accelerating demand for solid-state circuit protection.”

David Somo, President and Chief Executive Officer of Ideal Power

“Since the start of the third quarter, we demonstrated an intelligent circuit breaker prototype in collaboration with Power Integrations, commenced shipment of our new B-TRAN® reference design kits ("RDKs"), advanced our initiative with an industry partner for a funded joint engineering study and modeling project to provide a simulation platform for a U.S. hyperscaler, continued advancing our EV opportunity with Stellantis, and progressed new customer engagements across AI data centers and energy infrastructure.”

David Somo, President and Chief Executive Officer of Ideal Power

“Reflecting on my first year as CEO, we are materially better positioned to advance customer opportunities through the sales funnel and into production orders.”

David Somo, President and Chief Executive Officer of Ideal Power

“We have assembled an experienced semiconductor leadership and engineering team, expanded our sales funnel to approximately $450 million, released new RDKs, signed a long-term supply agreement with a high-volume, automotive-qualified power semiconductor foundry, and strengthened our balance sheet.”

David Somo, President and Chief Executive Officer of Ideal Power

“Our focus remains on converting opportunities across our expanding sales funnel into volume production orders, revenue growth and long-term shareholder value.”