Due to their substantial energy density and economical pricing, switching-mode power supplies (SMPSs) often utilize electrolytic capacitors. However, their ability to function at low temperatures is essential for dependable operation in several sectors, including telecommunications, automotive, and aerospace. This study includes an experimental evaluation of how well standard SMPS electrolytic capacitors operate at low temperatures. This paper investigates the suitability of standard electrolytic capacitors used in switched-mode power supplies (SMPSs) for low-temperature applications. The experimental evaluation exposed the capacitors to temperatures ranging from −5 °C to −40 °C, assessing capacitance (Cp), impedance (Z), dissipation factor (DF), and equivalent series resistance (ESR) at each temperature. The capacitor’s time-domain electrical signals were analyzed using the Pearson correlation coefficient to extract discriminative features. These features were input into an artificial neural network (ANN) for training and testing. The results indicated a significant impact of low temperatures on capacitor performance. Capacitance decreased with lower temperatures, while the ESR and leakage current increased, affecting stability and efficiency. Impedance was a valuable diagnostic tool for identifying potential capacitor failure, showing a 98.44% accuracy drop at −5 °C and 88.75% at the peak temperature, indicating proximity to the manufacturer’s specified limit. The study suggests further research and development to improve the performance of electrolytic capacitors in SMPS systems under cold conditions, aiming to boost efficiency and reliability.