Powell Industries Q2 FY2026 revenue rises 6%, new orders nearly double, backlog hits $1.8B with record $400M data center order.

Powell Industries reported a 6% revenue increase to $297 million for Q2 FY2026, driven by growth in commercial, electric utility, and oil & gas markets. New orders surged 97% to $490 million, including multiple mega orders over $75 million and a record $400 million data center order post-quarter. Backlog rose 33% to $1.8 billion, supporting strong future revenue visibility. Despite a slight 1% net income decline to $45.9 million due to higher expenses, the company remains optimistic about continued market demand and plans capacity expansions to meet growth.