iPower signs AI services LOI. A USD 21.90 million plan tests iPower stock

Published on 10/16/2026 at 03:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The proposed term covers 48 AI units and remains non-binding. iPower stock posted USD 19.96 million revenue in fiscal 2026, down 68.4 percent.

Operational pivot in three figures

On October 15, 2026, iPower announced a five-year AI services LOI targeting USD 21.90 million in annualized fees.
Fiscal 2026 revenue fell 68.4 percent to USD 19.96 million.
Fiscal 2026 net loss widened to USD 11.62 million from USD 4.97 million.

IPW, US46265P4046, Illustration mit AI erstellt.

iPower Inc. announced a five-year AI equipment services letter of intent targeting up to USD 21.90 million in annualized fees on October 15, 2026. The filing with the SEC identifies the customer arrangement as non-binding and confirms that iPower AI LLC is the wholly owned subsidiary involved.

AI services proposal

The proposed relationship begins with 48 AI computing units and could expand to 396 units during 2027. At a proposed fee of USD 4,608 per unit per month, the full deployment would represent up to USD 1.82 million in monthly service fees and USD 21.90 million on an annualized basis, according to Yahoo Finance. The initial 48-unit deployment would represent USD 2.65 million in annualized fees if the units remain billable.

What does the plan add?

The proposal gives iPower a recurring-services model alongside its established online retail operations. The company would coordinate equipment operations, monitoring, maintenance, technical support and data center services, while final commercial terms remain subject to a definitive agreement.

The opportunity arrives after a difficult fiscal year. Fiscal 2026 revenue fell 68.4 percent to USD 19.96 million from USD 63.22 million in fiscal 2025, while net loss widened to USD 11.62 million from USD 4.97 million, according to Quartr. The fiscal 2026 gross margin was 20.2 percent, down from 43.3 percent in fiscal 2025.

Three dated steps

On July 21, 2026, iPower announced plans for a dedicated AI subsidiary. On July 23, 2026, it described a proposed USD 6.00 million GPU deployment that could expand to USD 60.00 million in aggregate contemplated contract value. On October 15, 2026, the company announced the latest five-year services LOI. These milestones are listed on iPower investor relations pages.

Nasdaq listing and business shift

The SEC filing identifies IPW as common stock registered on The Nasdaq Stock Market LLC. For investors, the central question is execution: the proposed USD 21.90 million annualized fee base is materially larger than fiscal 2026 revenue, but it remains a potential figure rather than committed revenue or guidance.