Q2 26 EPS
$1.25
MISS 6.90%
Est. $1.34
Q2 26 Revenue
$296.6M
MISS 0.84%
Est. $299.1M
vs S&P Since Q2 26
-30.9%
TRAILING MARKET
POWL -23.7% vs S&P +7.2%
Market Reaction
Did POWL Beat Earnings? Q2 2026 Results
Powell Industries delivered a mixed fiscal second quarter, posting earnings of $1.25 per diluted share on revenue of $296.62 million, missing the $1.34 consensus EPS estimate by 6.90% and falling just 0.84% short of revenue expectations, ending a fou… Read more Powell Industries delivered a mixed fiscal second quarter, posting earnings of $1.25 per diluted share on revenue of $296.62 million, missing the $1.34 consensus EPS estimate by 6.90% and falling just 0.84% short of revenue expectations, ending a four-quarter streak of consecutive EPS beats. Revenue still climbed 6.5% year-over-year, with Commercial and Other Industrial markets up 35% and Electric Utility up 14%, though a 37% collapse in the Petrochemical segment weighed on the mix. Net income slipped 1% as SG&A expenses rose to $25.84 million from $21.77 million and R&D spending jumped to $4.29 million from $2.75 million, pressuring margins even as gross profit dollars grew. The headline story, however, was on the order book: new orders surged 97% to $490 million, pushing backlog to $1.80 billion, a 33% year-over-year gain, and subsequent to quarter-end the company secured a data center order exceeding $400 million. Management expects margins to hold steady and is evaluating capacity expansions backed by its backlog visibility.
Key Takeaways
- • Commercial & Other Industrial market revenue grew 35% year-over-year
- • Electric Utility market revenue grew 14% year-over-year
- • Oil & Gas market revenue grew 11% year-over-year
- • Strong project execution delivering 29.6% gross margin
- • Seasonal sequential acceleration from Q1 driven by higher number of working days
- • New orders of $490 million drove 1.7x book-to-bill ratio
POWL YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
POWL Revenue by Segment
Business unit performance breakdown
“The commercial momentum we observed to start the fiscal year continued throughout the second quarter, driving a well-balanced and strong order total of $490 million which led to a 1.7x book-to-bill ratio. That momentum has continued into our fiscal third quarter as evidenced by the mega data center order we were awarded after the fiscal second quarter-end with a value in excess of $400 million – the largest order in Powell history. Meanwhile, the team continues to demonstrate high levels of project execution, delivering a gross margin of 29.6% in the quarter. We remain acutely focused on executing our key growth objectives and delivering on project schedules for our customers to further Powell's competitive position against a favorable demand landscape for engineered-to-order distribution solutions.”
— Brett A. Cope, Q2 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 MISS | $1.47 | $1.42 | -3.38% | $311.7M | -1.62% |
| 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% |