Add the water. Pour 1 cup of water into the bottom of your Instant Pot.
Add your trivet or basket. Place the Instant Pot trivet, a steam basket, or an egg rack inside the pot. This keeps the eggs elevated above the water.
Add the eggs. Carefully place the eggs in a single layer on the trivet, steam basket, or egg rack.
Pressure cook. Secure the Instant Pot lid and turn the steam release valve to “sealing.” Press Pressure Cook and set the timer for 5 minutes on high pressure. On some Instant Pot models, this may be labeled “Manual.”
Prepare the ice bath. While the eggs are cooking, fill a large bowl with 1–2 cups of ice and enough cold water to come within a couple of inches of the top of the bowl.
Allow a 5-minute natural release. When the Instant Pot beeps that the cooking time is complete, don’t touch anything. Set a timer for 5 minutes and allow the pressure to release naturally. When the 5 minutes are up, carefully turn the steam release valve to “venting” to release any remaining pressure.
Transfer the eggs to the ice bath. Once the pressure has been completely released, carefully remove the eggs with tongs or a slotted spoon and place them directly into the ice water bath.
Chill for 5 minutes. After 5 minutes in the ice bath, the eggs are ready to peel and enjoy. Store peeled eggs in an airtight container for up to 3 days, or leave them unpeeled and refrigerate for up to 1 week.