E-commerce services provider iPower's Q2 revenue falls after shift to US-based sourcing

Ipower

20/02/2026 21:42

Overview

Supply chain provider's fiscal Q2 revenue fell due to U.S.-based sourcing transition

Company reported stable gross margin at 44% despite lower revenue

Company authorized $2 mln share repurchase program after divesting GPM

Result Drivers

SUPPLY CHAIN RESTRUCTURING - iPower's revenue decline was due to a shift to U.S.-based sourcing, reducing purchase volumes and pausing certain SKUs

OPERATING EXPENSES - Operating expenses fell 28% year-over-year due to personnel reductions and tighter expense controls

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$7.10 mln
Q2 Net Income
-$1.20 mln
Q2 Gross Margin
44.00%
Q2 Gross Profit
$3.10 mln
Q2 Operating Expenses
$5.60 mln


Press Release: ID:nGNX6vyhTX

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)