MarketBeat
31 Oct 2026, 08:15 UTC · 1h ago
What Hammond Power Solutions (HPS.A) Said on Its Q3 Earnings Call
Impact · against what's priced in
HPS.A is seeing a massive fundamental shift driven by data center demand, which now constitutes 40% of revenue and has pushed sales up 104.4% YoY. While the IES segment faces headwinds from geopolitical instability and slower green energy projects, the core Power Magnetics business is benefiting from strong operating leverage and higher capacity utilization.
- HPS.A+0.70
No priced-in read yet
- In context
The company reported record Q3 sales of C$446.3 million and a doubling of adjusted EPS to C$3.13, driven largely by data centers which now account for 40% of revenue. Margin expansion to 34.4% is increasingly supported by operating leverage rather than just one-time price hikes.
