Powell Industries Q2: Record Orders, Diversified Backlog

Powell Industries Q2 FY2026 results showcase robust growth, with revenue surging 6% to $297 million and new orders nearly doubling to $490 million, including two massive deals. The companys backlog now stands at $1.8 billion, up 33% YoY, providing clear visibility into FY2028. Post-quarter, Powell secured its largest project ever, a $400 million+ data center deal. The companys diversified backlog, now balanced across utilities, oil & gas, and commercial industrial sectors, reflects strong demand and reduced cyclical risks. Powells global footprint, engineering talent, and supply chain ties position it well for future growth, including potential government defense work. Financials remain solid, with gross margins at 29.6%, net income at $45.9 million, and a cash pile of $545 million with zero debt. Powell is expanding its facilities and infrastructure to match the order surge, setting the stage for strong cash flows and long-term growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/d42ec5a8df95cc2c