Quarter 2 2026 Financial Results for Hammond Power Solutions
August 17, 2026
Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) a leading manufacturer of dry-type transformers, power quality products and related magnetics, announced its financial results for the second quarter 2026 on July 30, 2026.
QUARTERLY HIGHLIGHTS:
- Record quarterly sales of $325 million, a 44.7% increase versus Q2 2025;
- Gross margin improvement from the first quarter of 2026, from 30.1% to 31.5%;
- Quarterly adjusted EBITDA of $53 million, or 16.4% of sales. Year-to-date adjusted EBITDA of $94 million or 16.0% of sales;
- Quarterly adjusted earnings per share of $2.76. Earnings per share of $0.79. Year-to-date adjusted earnings per share of $4.81 and earnings per share of $2.43;
- Backlog is 96.9% higher than Q2 2025.
“The second quarter was an outstanding quarter for HPS, with record sales, improved margins and strong execution across our operations,” said Adrian Thomas, Chief Executive Officer. “Demand in the U.S. market continues to be driven by data centre investment, electrification and power infrastructure spending, and our expanded manufacturing footprint is allowing us to support that growth more effectively.
Despite record shipments, our backlog remains at historic levels and supports continued utilization of our capacity investments. We also saw positive margin uplifts from higher custom product mix, flow through of previous pricing actions and operational improvements.”
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Hammond Power Solutions (HPS), a leading manufacturer of dry-type transformers and power quality solutions, is celebrating its 25th anniversary as an independent public company, marking a quarter-century of growth, innovation, and customer partnership.
Twenty-five years ago, HPS began a new chapter in the 100-year legacy of the Hammond name. Established as an independent public company in 2001, the organization set out with a clear focus: working side-by-side with customers to solve increasingly complex power challenges and helping shape how electrical systems are designed, built, and delivered.
