The financials
Pinnacle West Capital by the numbers
Pinnacle West Capital (PNW) reported revenue of $1.46B in Q2 2026 (quarter ended June 30, 2026), up 7.1% from the same quarter a year earlier. That came with a gross margin of 62% and net income of $181M (12% of revenue). For the full year FY2025, revenue was $5.34B (+4.2% year on year) and net income $632M. Its largest product in 2026-Q2 was Electricand Transmission Service at $1.45B, 97% of the disclosed total, just ahead of Transmission Services at 1.9%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.46B | $1.36B | +7.1% |
| Gross profit | $897M | $882M | +1.8% |
| Operating income | $306M | $308M | −0.6% |
| Net income | $181M | $197M | −8.2% |
| Diluted EPS | $1.43 | $1.58 | −9.5% |
| Product | Revenue | Share |
|---|---|---|
| Electricand Transmission Service | $1.45B | 97% |
| Transmission Services | $29M | 1.9% |
| Wholesale | $14M | 0.9% |
| Other Services | $8.9M | 0.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.50B (+28%)
Other Services grew +181% year on yearWholesale -23% year on year
Segment Latestquarter on quarteryear on year
- Electric and Transmission Service$1.45B$1.45BQoQ +29%year on year +7.9%+29%+7.9%
- Transmission Services$29.2M$29.2MQoQ -8.9%year on year -8.8%-8.9%-8.8%
- Wholesale$13.7M$13.7MQoQ -8.5%year on year -23%-8.5%-23%
- Other Services$8.9M$8.9MQoQ +24%year on year +181%+24%+181%
Utilities - Regulated Electric
Ranks #23 of 37 by Smart Score