Hammond Power Solutions Inc. (HPS-A.TO) reported record financial results for the second quarter of 2026. The company significantly exceeded analyst expectations. Sales surged 44.7% to C$324.8 million. Combined sales in the United States and Mexico grew by 73%.
Data center demand now accounts for more than 30% of total revenue. Adjusted earnings per share rose 60.5% to C$2.76. This result surpassed market forecasts. Adjusted EBITDA increased 59.4% to C$53.2 million.
The company reported record shipments during the quarter. The current order backlog is nearly double the level recorded last year. Management expects this backlog to sustain demand through the remainder of 2026.