Powell Industries (POW) Shares Surge 21% on Q1 Earnings Beat

Powell Industries (POW) shares jumped 21% in early trading on February 4, 2026, following a Q1 2026 earnings report that beat expectations. The company reported net income of $48.5 million, or 24.3 cents per share, up 18% year-over-year, driven by strong demand in its industrial components and systems segment. Revenue rose 12% to $1.15 billion, with the aerospace and defense divisions contributing the most growth. Management attributed the results to disciplined cost controls and improved pricing.