The stock will trade on the H2 guidance and PRYMUS pipeline conversion, not the reported quarter. Watch for PRYMUS order announcements in H2 2026 — the $200M quote pipeline is the key catalyst. Cash burn of $4.3M in H1 2026 is a concern; monitor cash runway and whether the H2 revenue ramp materializes to stem the burn.
Price Chart
Executive Summary
Pioneer Power Solutions reported Q2 2026 revenue of $5.0M, a 40% YoY decline from $8.4M, and a GAAP net loss of $2.1M ($-0.19/share), missing the $-0.05 consensus by 280%. The headline numbers are weak, but the filing is dominated by a strong forward-looking catalyst: management guided for ~$15M in H2 2026 revenue (60%+ growth vs H1), backlog surged 32% sequentially to $18.4M, and the PRYMUS pipeline has ~$200M in active quotes, 80% from data centers. The stock is likely to trade on the H2 guidance and PRYMUS traction, not the reported quarter.
Key Financial Metrics
Key Facts
- Q2 2026 revenue $5.0M, down 40% YoY from $8.4M
- GAAP net loss $2.1M ($-0.19/share) vs consensus $-0.05 — a 280% miss
- Backlog grew 32% sequentially to $18.4M at June 30, 2026
- Management guides for ~$15M revenue in H2 2026, representing >60% growth vs H1 2026
- Active PRYMUS quotes total ~$200M, ~80% related to data center projects
- Cash burn: cash fell from $15.0M (Dec 2025) to $10.7M (Jun 2026); operating cash flow -$3.6M in H1 2026
- No bank debt; working capital $17.1M
Financial Impact
H2 2026 revenue guidance of ~$15M implies a run-rate of ~$30M annualized, more than 3x the H1 2026 run-rate of ~$9.3M. The $200M PRYMUS pipeline, if converted, represents ~6x current annual revenue.
Risk Factors
- Revenue guidance of ~$15M in H2 is aspirational and depends on converting backlog and PRYMUS quotes into deliveries
- Cash burn rate: $10.7M cash on hand with $3.6M operating cash outflow in H1 2026 — runway is limited if H2 revenue ramp disappoints
- e-Boost revenue continues to decline (down 40% YoY) and the EV charging market faces headwinds
- GAAP EPS miss of 280% vs consensus highlights ongoing operating losses and lack of profitability
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-038658 |
| Document: form8-k.htm | 0001493152-26-038658 |
| Document: 0001493152-26-038658-index-headers.html | 0001493152-26-038658 |
| Document: 0001493152-26-038658-index.html | 0001493152-26-038658 |
| Document: 0001493152-26-038658.txt | 0001493152-26-038658 |
| 8-K Data (Synthetic) | 0001493152-26-038658 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 5w ago | DEFA14A | $3.41 $2.70 | ▼ −20.82% | ▼ −20.26% | $2.68 (−21.41%) |
Sep 22, 2026 5w ago | DEF 14A | $3.41 $2.70 | ▼ −20.82% | ▼ −20.26% | $2.68 (−21.41%) |
Sep 11, 2026 6w ago | EFFECT | $3.06 $3.08 | ▼ −0.49% | ▲ +1.38% | $2.68 (+12.42%) |
Aug 17, 2026 10w ago | 8-K | $2.94 $3.02 | ▲ +2.72% | ▲ +4.70% | $2.68 (−8.84%) |
May 18, 2026 23w ago | 8-K | $4.02 $4.39 | ▲ +9.20% | ▲ +7.62% | $2.68 (−33.33%) |
May 18, 2026 23w ago | 8-K | $4.02 $4.39 | ▲ +9.20% | ▲ +7.62% | $2.68 (−33.33%) |
Apr 8, 2026 28w ago | 8-K | $2.50 $4.34 | ▲ +73.60% | ▲ +66.03% | $2.68 (+7.20%) |
US Market Status
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