AI-extracted from the 10-Q filed 2026-08-04 — Q3 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 9% to $311.7 million with quarterly bookings up 158% to $934.2 million, lifting backlog 35% sequentially to $2.4 billion on data center demand.
Biggest Revenue Drivers
Oil and gas (excludes petrochemical)$106.3M+1% YoY
Strong commercial activity tied to rising global LNG demand and gas-to-chemical processes
Electric utility$88.6M+18% YoY
Strategic initiative to expand into higher-growth electric utility markets, supported by strong backlog and bookings
Biggest Revenue Drivers
Total revenue: $311.7M+9% YoY
Oil and gas (excludes petrochemical)$106.3M+1% YoY
Strong commercial activity tied to rising global LNG demand and gas-to-chemical processes
Electric utility$88.6M+18% YoY
Strategic initiative to expand into higher-growth electric utility markets, supported by strong backlog and bookings
Commercial and other industrial$76.3M+54% YoY
Rapid expansion of data centers meeting demand for cloud computing and artificial intelligence applications
Petrochemical$18.5M-49% YoY
Lower backlog across this end market following an extended period of reduced investment activity
Light rail traction power$8.0M-7% YoY
Lower backlog levels in this market
Largest Expense Items
Cost of goods sold$216.4Mvs $198.4M prior-year quarter
Higher revenue volume; gross margin held flat at 31% of revenue
Selling, general and administrative$26.7M+6% YoY
Higher compensation expenses, including the impact of the Remsdaq Limited acquisition completed in August 2025
Research and development$4.3Mvs $2.7M prior-year quarter
Increased spending, including the impact of the Remsdaq Limited acquisition
Margins: Gross profit rose 8% to $95.3 million, with gross margin flat at 31% versus the prior-year quarter; the increase was primarily attributable to higher revenue. SG&A held flat at 9% of revenue.
Watch Items from the Filing
Backlog reached $2.4 billion, up 35% from $1.8 billion at March 31, 2026; approximately $1.3 billion is expected to convert to revenue within twelve months.
Commercial and other industrial is now 40% of total backlog; filing warns data center mix may shift product toward less custom engineered-to-order equipment.
Petrochemical revenue fell 49% to $18.5 million and Canada revenue fell to $24.1 million from $42.6 million on lower backlog.
Probable liquidated damages exposure of $6.3 million, possibly rising to $9.3 million; $5.1 million already recorded as a reduction to revenue.
Off-balance-sheet obligations include $103.9 million of letters of credit and $492.4 million of surety bonds; only $46.1 million remains available under the $150.0 million revolver.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About POWELL INDUSTRIES INC (POWL): stock profile, AI score and financials
POWELL INDUSTRIES INC (POWL) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores POWL at 69.8/100 on a composite quality score built from its SEC filings, placing it at rank #235 of 2,925 stocks — the top 10% of the AI-ranked universe. POWL scores in the top quartile across institutional flow (99.7), balance sheet strength (93.4). Based on the latest XBRL financial filings (Q3 2026), POWELL INDUSTRIES INC reports quarterly revenue of $311.7M, net income of $52.2M, an operating margin of 20.5%. Top institutional holders of POWL by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FIRST ADVISORS, based on the most recent SEC filings. POWL trades on the Nasdaq exchange and files with the SEC under CIK 80420. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate POWL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for POWELL INDUSTRIES INC directly from SEC EDGAR.