$POWL

COPE BRETT ALAN (President & CEO) sold 4,500 shares of POWELL INDUSTRIES INC (POWL) at $207.01 ($0.93M total) on 2026-08-13 under a Rule 10b5-1 trading plan.

First Trust RBA American Industrial Renaissance ETF (AIRR) with about $10B in assets is highlighted as a concentrated proxy for hyperscaler data center capex. The article cites holdings such as Comfort Systems (FIX), EMCOR (EME), Sterling Infrastructure (STRL), and Powell Industries (POWL), noting strong YTD gains and recent pullbacks, plus EMCOR’s $17.14B remaining performance obligations. It also discusses a September rebalance risk.

Powell Industries (POWL) reported Q3 FY2026 revenue of $312 million, up 9% year over year, and diluted EPS of $1.42, up 8%. New orders rose to $934 million, up 158%, lifting backlog to a record $2.4 billion. Management cited data center demand over $400 million and a debt-free balance sheet with $634 million liquidity.

Powell (POWL) reported Q2 CY2026 revenue of $311.7 million versus $316.9 million expected and adjusted EPS of $1.42 versus $1.49. Management attributed year-on-year sales growth to order strength in commercial, electric utility, and oil and gas, plus data center and LNG wins, while project-based revenue timing added variability. Backlog was $2.4 billion, up 71.4% YoY.

Powell Industries (NASDAQ:POWL) reported Q3 results on an earnings call. CFO Mike Metcalf said the company booked a 3.0x third-quarter book-to-bill and 2.2x year-to-date, with $1.3B of a $2.4B backlog expected to convert in 12 months. Gross margin was 30.6%. Powell said it has $1.8B in new awards over three quarters, is expanding capacity, and holds $634M cash with no debt.

US stock indices rose to record highs as investors weighed strong Q2 tech earnings expectations. Bloomberg Intelligence projects Q2 earnings up about 23% for S&P 500, with 86% of 322 reporters beating estimates. Markets priced a 59% chance of a 25 bp Fed hike and 85% for an ECB hike. SOX and AI chip stocks led; oil fell and energy stocks lagged.

Powell Industries reported Q3 2026 record orders of $934 million, citing data center demand and strength in U.S. LNG and electric utilities. Revenue rose 9%, with gross margin at 30.6%. Backlog visibility extends into FY2028, with about $1.3 billion expected to convert in 12 months. The company plans capacity expansion and evaluates $70–$100 million greenfield investment.

US stock index futures hit record highs after Scott Bessent said on CNBC that the Iran deal may reopen Hormuz “tomorrow.” S&P futures were up 0.4% to 7655 and Nasdaq futures up 1.1%. Pre-market movers included Palantir (+15% on forecast raises) and Caterpillar (+8% after an earnings beat). Oil fell with WTI down to about $76.

Powell Industries reported Q3 EPS of $1.42, below the $1.47 analyst consensus, and sales of $312.0 million, below the $315.168 million estimate, according to the company. Shares fell 13.4% to $190.02 in pre-market trading. The article also notes Nasdaq 100 futures were up about 150 points.

U.S. index futures rose modestly as investors weighed uncertain U.S.-Iran talks and awaited SpaceX results. Semiconductor shares rebounded after ON Semiconductor reported Q2 adjusted EPS of $0.74 on $1.60B revenue, both above estimates. Premarket movers included Ameresco (+29.9%), Voyager (+15.7%), Snap (+9%), Wix (+3.1%), Nike (-2.5%), Amazon (-2.1%), Prologis (-2.8%), and Powell Industries (-14%).