Powell Industries (POWL)
NASDAQ:POWL
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.47Last Year’s EPS
1.32Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call was decidedly positive. The company delivered steady revenue growth (+6% YoY), materially stronger order intake ($490M in Q2, nearly double YoY) and a substantially larger backlog (+33% YoY to $1.8B), capped by a post-quarter $400M+ mega data center award (largest in company history). Profitability and cash generation remain solid (gross margin 29.6%, operating cash flow $51M, cash $545M, no debt). Key negatives include a sharp decline in petrochemical revenue (-37% YoY), a small YoY dip in net income and EPS, rising SG&A as investments are made, and capacity/supply-chain and talent constraints that could limit the pace of scaling for very large programs. On balance, the positives materially outweigh the negatives given record orders, backlog growth, diversification, and a strong balance sheet.Company Guidance
Revenue Growth
Total revenue of $297 million in Q2 FY2026, up 6% versus Q2 FY2025 ($279 million). Domestic revenue +2% YoY; international revenue increased to $64 million (up $14 million YoY).
Record Orders and Backlog Expansion
New orders of $490 million in Q2 (nearly double the orders booked in the same period one year ago), bringing midyear awards to nearly $1 billion. Backlog reached $1.8 billion, up 33% YoY and 12% sequentially, providing visibility into fiscal 2028.
Mega Project Wins — Largest in Company History
Two mega projects awarded in Q2 (each > $75 million) and a post-quarter mega award in early April for a greenfield data center phase in excess of $400 million — the largest project award in company history; the $400M order is a single purchase order and expected to burn over ~2–2.5 years.
Strong Execution and Profitability
Gross profit increased by $5 million to $88 million in Q2. Gross margin was 29.6% (120 basis points higher sequentially) with favorable project closeouts contributing roughly 90 basis points of margin tailwind.
Healthy Market Mix and Book-to-Bill
Book-to-bill ratio of 1.7x for Q2 and for the fiscal first half. Backlog composition diversified: electric utility ~30%, commercial & other industrial ~29% (data center in the low 20s of that), and core industrial (petrochemical + oil & gas) ~33% according to management.
Strong Balance Sheet and Cash Generation
Cash and short-term investments of $545 million at 03/31/2026 (up from $476M at 09/30/2025). Company is debt-free. Operating cash flow of $51 million generated in Q2.
Controlled Capital Deployment
Q2 capex modest at $1.8 million. Planned investment of $12–13 million this fiscal year to upgrade Jacinto Port fabrication yard; evaluating a smaller leased 50k sq ft facility with ~$8M fabrication equipment investment and a potential longer-term greenfield build ($70–$100 million).
Commercial Momentum and Strategic Initiatives
Notable end-market strength in LNG, electric utility (distribution and generation), and data centers. Active M&A pipeline and successful integration of recent REMSDAQ acquisition. New investments in U.S. government/defense-related work and additional engineering centers (new Houston satellite).
POWL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
POWL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $269.95 | $294.69 | +9.16% |
Feb 03, 2026 | $151.01 | $175.68 | +16.34% |
Nov 18, 2025 | $107.08 | $95.05 | -11.23% |
Aug 05, 2025 | $78.56 | $75.77 | -3.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Powell Industries (POWL) report earnings?
Powell Industries (POWL) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is Powell Industries (POWL) earnings time?
Powell Industries (POWL) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is POWL EPS forecast?
POWL EPS forecast for the fiscal quarter 2026 (Q3) is 1.47.