Powell Industries reports record $934M orders, $2.4B backlog on $400M+ data center win

Filed August 3, 2026 · Period ending August 3, 2026 · ~1 min read

Key Changes

• high

  New orders hit record $934M (up 158% YoY) with three mega orders: $400M+ data center project for behind-the-meter generation, $75M petrochemical fertilizer order, and $60M Gulf Coast LNG order. Backlog reached $2.4B, up 69% YoY and 35% sequentially.

  Exhibit 99.1 view on EDGAR →
• high

  Q3 FY2026 revenues $312M (up 9%), gross profit $95M at 30.6% margin (up 8%), net income $52M or $1.42 per diluted share (up 8%). Growth driven by 54% increase in Commercial & Other Industrial and 18% in Electric Utility, offset by 49% Petrochemical decline.

  Exhibit 99.1 view on EDGAR →
• medium

  Cash and short-term investments totaled $634M as of June 30, 2026. Jacintoport fabrication yard expansion expected complete by fiscal year-end 2026; company evaluating additional greenfield capacity beyond Houston and Ohio leased facilities.

  Exhibit 99.1 view on EDGAR →