Powell Industries rises as record $400M+ data center order fuels backlog momentum
POWL•Powell Industries shares rose after its May 4 fiscal Q2 2026 results highlighted a 97% jump in new orders to $490 million and backlog rising to $1.8 billion. Investors also focused on a post-quarter “mega” data center order exceeding $400 million, the company’s largest ever.
1) What’s driving the move
Powell Industries (POWL) is moving higher as investors re-rate the company on surging order momentum and a step-change in data-center exposure. In its fiscal second-quarter 2026 update (quarter ended March 31, 2026), Powell reported new orders of $490 million (up 97% year over year) and backlog of $1.8 billion (up 33%). The company also disclosed that, after quarter-end, it won a “mega” data center order valued at more than $400 million—the largest order in company history—supporting expectations for multi-quarter revenue visibility and continued demand tied to power infrastructure build-outs. (stocktitan.net)
