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Powell Industries posts strong Q1 results, boosts backlog

Story Highlights
  • Powell Industries delivered higher Q1 fiscal 2026 revenue, profits and margins, with net income up 19%.
  • Orders and backlog surged on data center and LNG megaprojects, supporting growth and a new quarterly dividend.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Powell Industries posts strong Q1 results, boosts backlog

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The latest update is out from Powell Industries ( (POWL) ).

On February 3, 2026, Powell Industries reported first-quarter fiscal 2026 results for the period ended December 31, 2025, posting revenues of $251.2 million, up 4% year on year, gross profit of $71.4 million or 28.4% of revenue, and net income of $41.4 million, or $3.40 per diluted share, up 19% from the prior-year quarter. New orders surged 63% to $439 million, driving backlog to $1.6 billion, with particularly strong momentum in the Commercial & Other Industrial segment, including the company’s first data center megaproject and a major LNG project on the U.S. Gulf Coast, while a cash and short-term investment balance of $501 million and no debt underscore a strong balance sheet that management says positions Powell to sustain solid margins and capitalize on growing demand for electrical infrastructure across utilities, LNG and data centers; the board also declared a quarterly dividend of $0.27 per share, payable March 18, 2026 to shareholders of record as of February 18, 2026.

The most recent analyst rating on (POWL) stock is a Buy with a $490.00 price target. To see the full list of analyst forecasts on Powell Industries stock, see the POWL Stock Forecast page.

Spark’s Take on POWL Stock

According to Spark, TipRanks’ AI Analyst, POWL is a Outperform.

The score is driven primarily by strong financial fundamentals (high margins, robust cash flow growth, and very low leverage) and a positive earnings outlook supported by backlog and cash. Technicals are supportive with the stock trading above major moving averages, while valuation (P/E 24.33 and low dividend yield) and high volatility (beta 2.30) temper the overall rating.

To see Spark’s full report on POWL stock, click here.

More about Powell Industries

Powell Industries, Inc., headquartered in Houston, Texas, develops, designs, manufactures and services custom-engineered equipment and systems that distribute, control and monitor electrical energy and protect motors, transformers and other electrically powered assets. The company primarily serves the oil and gas, petrochemical, electric utility, and commercial and other industrial markets, while also supplying products and services to light rail traction power, universities, government entities, and other customers through OEM and distribution channels.

Average Trading Volume: 239,849

Technical Sentiment Signal: Buy

Current Market Cap: $5.39B

See more insights into POWL stock on TipRanks’ Stock Analysis page.

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