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Ideal Power Reports Third Quarter 2026 Financial Results

Ideal Power Inc. (Nasdaq: IPWR), a leader in semiconductor innovation, has unveiled its financial results for the third quarter ended September 30, 2026. The company is renowned for its B-TRAN® bidirectional semiconductor power switch, a cutting-edge technology designed to meet the increasing demands of advanced power systems.

In the latest quarterly report, CEO David Somo noted the company's strong position amid a rapidly advancing market for higher-voltage direct current (DC) circuitry. "As we continue to engage with customers, we see an accelerating demand for solid-state circuit protection solutions," he stated, emphasizing the successful collaborations that have emerged this quarter.

Key Highlights from Q3 2026

Here are some critical updates from Ideal Power's recent activities:

1. Collaboration with Power Integrations: A significant development is the partnership with Power Integrations, geared towards creating a self-powered, ultra-fast solid-state circuit breaker. This strategic move aims to target 800-volt DC data centers and has already resulted in a working prototype.
2. Innovation and Product Launches: The company launched new B-TRAN® reference design kits (RDKs), aimed at enhancing product evaluations for potential customers. This expansion of distribution is crucial as it accelerates the adoption of their technology in the market.
3. New Engineering Initiatives: Ideal Power has commenced a joint engineering project with a global technology partner, which will include a simulation platform for a major U.S. hyperscaler. This initiative is anticipated to begin this quarter, reinforcing Ideal Power's technological capabilities.
4. Focus on Electric Vehicle Opportunities: Continued collaboration with Stellantis is also noteworthy, aimed at advancing their solid-state EV contactor solutions. This project supports the evaluation of the second generation of B-TRAN® tech with expected milestones approaching.
5. Financial Position: The company reported cash and cash equivalents totaling $38.3 million as of September 30, 2026. Operating expenses rose to $3.9 million primarily due to increased personnel costs and investments in innovation.
6. Net Loss Details: Ideal Power recorded a net loss of $3.6 million for the quarter, compared to a loss of $2.9 million in the same period last year. This reflects the ongoing investments required for growth and development in a competitive market.

Strategic Focus and Future Goals

Reflecting on his first year as CEO, Somo emphasized the importance of advancing customer opportunities and transitioning them into production orders. Under his leadership, the company has made significant progress in expanding its sales funnel to an estimated $450 million, with a focus on converting these opportunities into tangible revenue.

Ideal Power's dedication to innovation is further showcased by their ever-expanding patent estate, now totaling 108 issued patents, with 52 internationally. This proactive approach positions the company favorably in the evolving landscape of semiconductor technologies, particularly in applications like solid-state circuit breakers, battery systems, and electric vehicles.

The company is also gearing up for its upcoming conference call scheduled for November 12, where management will discuss these findings and field questions from analysts. This will act as a platform for Ideal Power to communicate their progress and future directions.

Conclusion

Ideal Power's report for Q3 2026 underscores the company's commitment to pioneering advancements in semiconductor technology while strategically strengthening its market position. With a robust financial backing and a clear vision for future growth, Ideal Power is set to redefine the standards in solid-state power solutions across various sectors.

For more information about Ideal Power, please visit their website at IdealPower.com.