Powell Industries, Inc. (POWL) Earnings
Powell Industries, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $1.49. POWL has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +6.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $1.34 | $1.25 | -6.7% | $297M | -0.5% |
| Feb 3, 2026 | $2.85 | $3.40 | +19.3% | $251M | -15.8% |
| Nov 18, 2025 | $3.78 | $4.22 | +11.6% | $298M | +2.2% |
| Feb 6, 2025 | $2.83 | $2.86 | +1.1% | $241M | +3.8% |
| Nov 19, 2024 | $3.55 | $3.77 | +6.2% | $1.0B | +253.4% |
| Jul 30, 2024 | $2.16 | $3.79 | +75.5% | $288M | +0.6% |
| Apr 30, 2024 | $1.78 | $2.75 | +54.5% | $255M | +19.5% |
| Jan 30, 2024 | $0.84 | $1.98 | +135.7% | $194M | +6.6% |
| Dec 5, 2023 | $1.21 | $1.95 | +61.2% | $209M | +6.0% |
| Aug 1, 2023 | $0.66 | $1.52 | +130.3% | $192M | +3.6% |
| May 2, 2023 | $0.21 | $0.70 | +233.3% | $171M | +11.0% |
| Jan 31, 2023 | $0.03 | $0.10 | +300.0% | $127M | +8.7% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Powell had solid quarter with 6% revenue growth, $490 million new orders, backlog at $1.8 billion. • Notable strength in liquefied natural gas, electric utility, and data center projects. • Awarded two mega projects over $75 million, including a $400 million+ data center project. • Backlog balanced across markets, provides visibility into fiscal 2028. • Expanding manufacturing capacity, leased space in Houston, evaluating lease and greenfield facilities. • Strategic sourcing and supply chain efforts, M&A activity with REMSDAC progressing well, investing in government-related work. • Teams rising to meet growth challenge, focusing on continuous improvement and efficiencies.
Guidance
• Encouraged by sustained commercial activity across core end markets. • Well-positioned to deliver strong cash flows and earnings performance for remainder of fiscal 2026. • The $400 million+ data center order will be included in fiscal third quarter reported numbers.
Segment performance
In the second quarter of fiscal 2026, total revenue was $297 million, up 6% from the prior year. New orders were $490 million, with backlog at $1.8 billion, 12% higher than prior quarter and 33% higher than one year ago. Revenue breakdown by market: domestic up $4 million (2%), international up $14 million to $64 million. Market sectors: commercial and other industrial up 35%, electric utility up 14%, oil and gas up 11%, petrochemical down 37%, light rail traction power down 10%. Gross profit $88 million, gross margin 29.6%.
Risks & headwinds
• Competition and competitive pressures. • Sensitivity to general economic and industry conditions. • International political and economic risks. • Availability and price of raw materials. • Execution of business strategies.
Analyst Q&A
Q: Given strong orders and $400 million-plus data center order, how to think about order outlook and managing SG&A/R&D?
A: Outlook strong, activity entering Q3 no letup. SG&A costs trend in upper single digits, increase due to higher compensation and REMSDAC acquisition. R&D trending higher at ~1.4% of revenues.
Q: About $400 million-plus order, is it all outside and potential for additional phases?
A: Initial award all outside data center, sizable with couple of gigawatts initial phase, hopeful for additional phases over time.
Q: On pricing power, why not more pricing despite strong markets?
A: Getting some price, pushing in constrained demand supply curve areas, will see more as efficiency gains and plans for 2027 develop.
Q: Handling spike in metal prices and impact on gross margin?
A: Proactive with metals, hedging program for copper to protect margins, proactive with supply chain for other core commodities.
Q: Turn down any orders?
A: Not turning down, but not able to meet all schedules, engaging in sequencing and constructability conversations with clients.