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Q1 26 EPS
$3.40
BEAT +16.64%
Est. $2.92
Q1 26 Revenue
$251.2M
MISS 2.06%
Est. $256.5M
vs S&P Since Q1 26
+65.1%
BEATING MARKET
POWL +73.9% vs S&P +8.8%
Market Reaction
Did POWL Beat Earnings? Q1 2026 Results
Powell Industries kicked off fiscal 2026 with a notably strong first quarter, delivering earnings per share of $3.40 against a consensus estimate of $2.92, a beat of 16.64%, even as revenue of $251.18 million came in modestly below the $256.46 millio… Read more Powell Industries kicked off fiscal 2026 with a notably strong first quarter, delivering earnings per share of $3.40 against a consensus estimate of $2.92, a beat of 16.64%, even as revenue of $251.18 million came in modestly below the $256.46 million estimate. The top line still grew 4.0% year-over-year, supported by a 35% surge in Electric Utility revenues and a 2% gain in Oil and Gas, though declines in Petrochemical and Commercial segments created a partial offset. The more compelling story lay beneath the revenue line, where gross margin expanded to 28.4% from 24.7% a year ago, reflecting disciplined project execution and favorable volume leverage. Perhaps most striking was the $439.00 million in new orders, a 63% year-over-year jump that pushed backlog to a record $1.60 billion, including the company's first data center megaproject exceeding $75.00 million. Management expects fiscal 2026 to deliver another year of solid results, with gross margins sustained at prior-year levels, even as notable insider share sales have drawn some market attention in recent weeks.
Key Takeaways
- • Electric Utility market revenue increased 35% year-over-year
- • Oil & Gas market revenue increased 2% year-over-year
- • Favorable volume leverage and strong project execution drove gross margin expansion to 28.4% from 24.7%
- • Stable pricing environment
- • New orders of $439 million, highest quarterly total in over two years, with 1.7x book-to-bill ratio
POWL YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
POWL Revenue by Segment
Business unit performance breakdown
“Ongoing levels of solid project execution drove a strong start to our fiscal year, as we delivered a gross margin of 28.4% despite the typical seasonality and lower volumes that define our first quarter. We also experienced high levels of order activity across most of the markets we serve, as the $439 million of awards booked was the highest quarterly total in over two years and led to a book-to-bill ratio of 1.7.”
— Brett A. Cope, Q1 2026 Earnings Press Release
POWL Earnings Trends
POWL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
POWL EPS Trend
Earnings per share: estimate vs actual
POWL Revenue Trend
Quarterly revenue: estimate vs actual
POWL Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $1.34 | $1.25 | -6.90% | $296.6M | -0.84% |
| Q1 26 BEAT | $2.92 | $3.40 | +16.64% | $251.2M | -2.06% |
| Q4 25 BEAT FY | $3.76 | $4.22 | +12.23% | $298.0M | +1.75% |
| FY Full Year | $14.39 | $14.86 | +3.27% | $1.10B | +0.47% |
| Q3 25 BEAT | $3.77 | $3.96 | +5.04% | $286.3M | -5.11% |
| Q2 25 BEAT | $3.44 | $3.81 | +10.65% | $278.6M | -1.43% |