Powell Industries misses Q1 revenue estimates

Powell Industries

03/02/2026 21:26

Overview

Electrical solutions provider's fiscal Q1 revenue rose 4% yr/yr but missed analyst expectations

New orders in fiscal Q1 surged 63%, driven by data center and LNG projects

Fiscal Q1 net income rose 19% yr/yr, driven by strong project execution

Outlook

Powell Industries expects strong order activity in Electric Utility market to continue

Company anticipates increased LNG market activity after subdued period

Powell sees opportunities in data center market due to AI investment

Result Drivers

PROJECT EXECUTION - Powell attributed strong Q1 results to solid project execution, achieving a gross margin of 28.4% despite seasonality

ORDER ACTIVITY - High levels of order activity, particularly in Commercial & Other Industrial markets, boosted Q1 results

MEGAPROJECTS - First megaproject order in data center market and large LNG award supported Q1 growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$251 mln
$256.46 mln (4 Analysts)
Q1 Net Income
$41 mln
Q1 Gross Profit
$71 mln
Q1 Orders
$439 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Powell Industries Inc is $399.50, about 9.3% below its February 2 closing price of $440.36

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 26 three months ago

Press Release: ID:nGNX5Nqr78

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)