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Dec 31, 2025
Powell Industries Q1 2026 Earnings Report
Powell Industries reported a strong start to fiscal year 2026 with increased revenues, gross profit, and net income, driven by solid project execution and high order activity.
Key Takeaways
Powell Industries, Inc. announced robust results for the first quarter of fiscal year 2026, ending December 31, 2025. The company reported a 4% increase in revenues to $251.2 million, a 20% rise in gross profit to $71.4 million, and a 19% increase in net income to $41.4 million. New orders surged by 63% to $439 million, leading to a backlog of $1.6 billion.
Revenues increased by 4% to $251 million, demonstrating a solid start to the fiscal year.
Gross profit rose by 20% to $71 million, with a gross profit margin of 28.4%, indicating strong project execution.
Net income grew by 19% to $41 million, resulting in diluted EPS of $3.40.
New orders significantly increased by 63% to $439 million, including a major data center megaproject and an LNG megaproject, boosting the order backlog to $1.6 billion.
Revenue by Segment
Forward Guidance
Powell Industries maintains an encouraging outlook for Fiscal 2026, anticipating sustained strong order activity across major markets, particularly in Electric Utility, LNG, and Commercial & Other Industrial sectors, with a focus on data center development and AI investment. The company expects to sustain its gross margin performance from the prior year, supported by a well-balanced backlog, stable pricing, and effective project execution.
Positive Outlook
- Ongoing strong order activity expected in the Electric Utility market due to growing demand for electrical energy.
- Higher activity levels anticipated in the LNG market, driven by favorable U.S. natural gas economics and international demand for domestic LNG exports.
- Increased opportunities in the Commercial & Other Industrial market, particularly from rapid data center development and AI investment.
- Expectation to sustain gross margin performance achieved in the prior year, indicating continued operational efficiency.
- Strong cash balance and no debt position the company well to create value for stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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