The financials
Powell Industries, Inc. by the numbers
Powell Industries, Inc. (POWL) reported revenue of $297M in Q2 2026 (quarter ended March 31, 2026), up 6.5% from the same quarter a year earlier. That came with a gross margin of 30% and net income of $46M (15% of revenue). For the full year FY2025, revenue was $1.10B (+9.1% year on year) and net income $181M. Its largest product in 2026-Q1 was Oil And Gas Service at $113M, 38% of the disclosed total, just ahead of Electricity at 27%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $297M | $279M | +6.5% |
| Gross profit | $88M | $83M | +5.4% |
| Operating income | $58M | $59M | −2.3% |
| Net income | $46M | $46M | −1.0% |
| Diluted EPS | $1.25 | $1.27 | −1.6% |
| Product | Revenue | Share |
|---|---|---|
| Oil And Gas Service | $113M | 38% |
| Electricity | $80M | 27% |
| Commercial And Other Industrial | $54M | 18% |
| Petrochemical | $28M | 9.3% |
| Other Customers | $12M | 4.2% |
| Light Rail Traction Power Customer | $9.0M | 3.1% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $296.6M (+18%)
Commercial And Other Industrial grew +35% year on yearPetrochemical -37% year on year
Segment Latestquarter on quarteryear on year
- Oil And Gas Service$112.7M$112.7MQoQ +15%year on year +11%+15%+11%
- Electricity$80.5M$80.5MQoQ +16%year on year +14%+16%+14%
- Commercial And Other Industrial$54.4M$54.4MQoQ +34%year on year +35%+34%+35%
- Petrochemical$27.6M$27.6MQoQ +21%year on year -37%+21%-37%
- Other Customers$12.3M$12.3MQoQ +2.8%year on year -5.3%+2.8%-5.3%
- Light Rail Traction Power Customer$9.0M$9.0MQoQ +5.0%year on year -9.6%+5.0%-9.6%
Electrical Equipment & Parts
Ranks #7 of 20 by Smart Score