Filing Flows › Powell Industries (POWL) › Q3 FY26
Powell Industries (POWL) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 4, 2026
Powell Industries (POWL) reported revenue of $312M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +5% from the quarter before. Operating margin was 20.6%, net earnings $52.2M (16.7% of revenue).
Powell Industries, Q3 FY26: revenue $312M (+9% year over year), operating margin 20.6%, net earnings $52.2M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $312M | +5% | +9% |
| Gross profit | $95.3M | +8% | +8% |
| Operating profit | $64.1M | +11% | +7% |
| Net earnings | $52.2M | +14% | +8% |
| Operating cash flow | $100M | +96% | +112% |
| Free cash flow | $93.7M | +90% | +122% |
What changed
Revenue was $311.7M in Q3 FY26, up 9% year over year and up 5% from the previous quarter. Oil and Gas Service was the largest line at 34% of revenue. Commercial and other industrial added $26.8M year over year (up 54%), 105% of the total change. Petrochemical declined 49%.
Gross margin was 30.6%, down 0.1 points from Q3 FY25. Operating profit was $64.1M, a 20.6% margin (down 0.4 points year over year). Of the extra revenue versus Q3 FY25, 16% reached operating profit, below the 21% margin then. Operating expenses grew 12% against revenue growth of 9%. The fastest-growing cost line was Research & development (+62%). Net earnings were $52.2M, up 8% year over year. The effective tax rate was 24.5%.
Operating cash flow was $100.2M (up 112% year over year), 192% of net earnings. Non-cash charges added back $2.2M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $44.5M. Capital expenditures of $6.5M left free cash flow of $93.7M.
Questions
What was Powell Industries' revenue in the third quarter fiscal 2026?
Powell Industries (POWL) reported revenue of $312M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +5% from the quarter before.
Was Powell Industries profitable in the third quarter fiscal 2026?
Operating profit was $64.1M (20.6% of revenue) and net earnings $52.2M.
Source: Powell Industries 10-Q on SEC EDGAR.