Recent News
On July 20, 2026 the company announced it would release fiscal third-quarter results and host a conference call on August 3, 2026. On July 1, 2026 the board approved a one‑time restricted stock unit award totaling 36,000 RSUs for the CEO (filed in an 8‑K dated July 6, 2026). On August 3, 2026 the board declared a quarterly cash dividend of $0.09 per share payable September 16, 2026. On August 14, 2026 Cantor Fitzgerald revised its price target to $235 while maintaining a Neutral rating.
Technical Analysis
Directional Indicators (ADX / DI+ / DI-): ADX at 28.06 indicates a strong directional environment; DI+ shows an increasing trend while DI- registered a peak-and-reversal. Together, the directional indicators signal a shift toward a bullish directional bias that supports near-term upside pressure against the stock’s elevated valuation.
MACD: MACD sits at -6.31 with the MACD line above its signal line (-9.10). The MACD line crossing above the signal line constitutes a bullish momentum signal and suggests bearish momentum has eased.
Price Versus Moving Averages & Ichimoku: The close at $191.90 trades below the 50‑day ($201.64) and 200‑day ($204.51) averages but above the 20‑day average ($179.21) and the 12‑day EMA (price12dayEMA 182.50, dip & reversal). The price remains below the ichimoku cloud (Senkou A 218.00, Senkou B 250.69), indicating longer-term resistance, while the proximity to the super trend upper band ($192.05) keeps near‑term risk concentrated just above current levels.
MRO (Momentum/Regression Oscillator): MRO reads 9.51 with a dip‑and‑reversal pattern; the positive MRO indicates price sits above target levels and introduces mean‑reversion pressure that could limit immediate upside unless momentum accelerates.
RSI: RSI at 42.02 with a dip‑and‑reversal characteristic signals the recent pullback has begun to stabilize; RSI remains below neutral, implying limited immediate upside breadth unless MACD and directional indicators strengthen further.
Fundamental Analysis
Top‑line and Profitability: Total revenue totaled $311,740,000 for the period ending June 30, 2026. Operating income (EBIT) measured $64,076,000, producing an EBIT margin of 20.554%. EBIT margin improved QoQ by +5.88% and contracted YoY by -2.13%. The EBIT margin sits above the industry peer mean (0.15769) and above the industry peer median (0.19467), indicating relative operational efficiency within the electrical components group.
Earnings and Cash Flow: Diluted EPS came in at $1.42 versus an estimate of $1.47 (EPS surprise -$0.05, or -3.40%). Net income registered $52,160,000. Operating cash flow reached $100,227,000 and free cash flow totaled $93,702,000, yielding a free cash flow yield of 1.04%. Free cash flow yield expanded QoQ by +54.22% but contracted YoY by -31.29%, reflecting quarter‑to‑quarter variability in cash conversion.
Balance Sheet and Capital Structure: Cash and short‑term investments exceeded $633,561,000, supporting a cash ratio of 1.01 and a current ratio of 1.97. Total debt remains negligible at $2,524,000, producing a debt‑to‑assets ratio of 0.179%—well below the industry peer mean (0.31721) and the industry peer median—indicating an extremely conservative leverage posture. Return on equity measured 6.90% and return on assets 4.03%; return on assets sits above the industry peer mean (0.02311).
Efficiency Metrics: Asset turnover stands at 0.24103, above the industry peer mean (0.18473) and the industry peer median (0.20651), signaling relatively stronger revenue generation per dollar of assets. The cash conversion cycle at 92.29 days aligns with the industry peer mean (~99.73 days), reflecting typical working capital timing for heavy industrial project cycles.
Multiples & Valuation Note: Trailing P/E registers at 173.99, price‑to‑book near 11.90, and EV/Revenue and enterprise multiple metrics remain elevated. WMDST values the stock as over‑valued given current multiples relative to cash generation and normalized earnings capacity.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-06-30 |
| REPORT DATE: | 2026-08-03 |
| NEXT REPORT DATE: | 2026-11-02 |
| CASH FLOW | Begin Period Cash Flow | $ 537.7 M |
| Operating Cash Flow | $ 100.2 M | |
| Capital Expenditures | $ -6.53 M | |
| Change In Working Capital | $ 40.4 M | |
| Dividends Paid | $ -3.28 M | |
| Cash Flow Delta | $ 95.8 M | |
| End Period Cash Flow | $ 633.6 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 311.7 M | |
| Forward Revenue | $ 95.1 M | |
| COSTS | ||
| Cost Of Revenue | $ 216.4 M | |
| Depreciation | $ 1.9 M | |
| Depreciation and Amortization | $ 2.2 M | |
| Research and Development | $ 4.3 M | |
| Total Operating Expenses | $ 247.7 M | |
| PROFITABILITY | ||
| Gross Profit | $ 95.3 M | |
| EBITDA | $ 66.2 M | |
| EBIT | $ 64.1 M | |
| Operating Income | $ 64.1 M | |
| Interest Income | $ 5.0 M | |
| Interest Expense | — | |
| Net Interest Income | $ 5.0 M | |
| Income Before Tax | $ 69.1 M | |
| Tax Provision | $ 17.0 M | |
| Tax Rate | 25.0 % | |
| Net Income | $ 52.2 M | |
| Net Income From Continuing Operations | $ 52.2 M | |
| EARNINGS | ||
| EPS Estimate | $ 1.47 | |
| EPS Actual | $ 1.42 | |
| EPS Difference | $ -0.05 | |
| EPS Surprise | -3.401 % | |
| Forward EPS | $ 1.75 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.4 B | |
| Intangible Assets | $ 11.4 M | |
| Net Tangible Assets | $ 744.7 M | |
| Total Current Assets | $ 1.2 B | |
| Cash and Short-Term Investments | $ 633.6 M | |
| Cash | $ 633.6 M | |
| Net Receivables | $ 362.4 M | |
| Inventory | $ 95.4 M | |
| Long-Term Investments | $ 21.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 86.6 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 624.6 M | |
| Net Debt | — | |
| Total Debt | $ 2.5 M | |
| Total Liabilities | $ 650.5 M | |
| EQUITY | ||
| Total Equity | $ 756.2 M | |
| Retained Earnings | $ 759.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 20.76 | |
| Shares Outstanding | 36.433 M | |
| Revenue Per-Share | $ 8.56 | |
| VALUATION | Market Capitalization | $ 9.0 B |
| Enterprise Value | $ 8.4 B | |
| Enterprise Multiple | 126.361 | |
| Enterprise Multiple QoQ | 11.551 % | |
| Enterprise Multiple YoY | 231.512 % | |
| Enterprise Multiple IPRWA | high: 155.661 POWL: 126.361 mean: 103.522 median: 100.723 low: -200.055 |
|
| EV/R | 26.85 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.86 | |
| Asset To Liability | 2.162 | |
| Debt To Capital | 0.003 | |
| Debt To Assets | 0.002 | |
| Debt To Assets QoQ | 7.831 % | |
| Debt To Assets YoY | 52.991 % | |
| Debt To Assets IPRWA | high: 0.707 median: 0.38 mean: 0.317 POWL: 0.002 low: 0.0 |
|
| Debt To Equity | 0.003 | |
| Debt To Equity QoQ | 21.014 % | |
| Debt To Equity YoY | 62.136 % | |
| Debt To Equity IPRWA | high: 1.744 median: 1.053 mean: 0.931 POWL: 0.003 low: -0.622 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 11.904 | |
| Price To Book QoQ | 15.423 % | |
| Price To Book YoY | 153.823 % | |
| Price To Book IPRWA | high: 15.204 POWL: 11.904 median: 7.654 mean: 6.52 low: -1.842 |
|
| Price To Earnings (P/E) | 173.992 | |
| Price To Earnings QoQ | 8.353 % | |
| Price To Earnings YoY | 231.675 % | |
| Price To Earnings IPRWA | high: 314.255 POWL: 173.992 mean: 160.622 median: 126.714 low: -117.318 |
|
| PE/G Ratio | 12.793 | |
| Price To Sales (P/S) | 28.874 | |
| Price To Sales QoQ | 17.12 % | |
| Price To Sales YoY | 196.279 % | |
| Price To Sales IPRWA | high: 67.495 mean: 30.018 POWL: 28.874 median: 18.172 low: 1.621 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 156.087 | |
| Forward PE/G | 11.477 | |
| Forward P/S | 97.319 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 2.212 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.241 | |
| Asset Turnover Ratio QoQ | -7.591 % | |
| Asset Turnover Ratio YoY | -15.484 % | |
| Asset Turnover Ratio IPRWA | high: 0.491 POWL: 0.241 median: 0.207 mean: 0.185 low: -0.002 |
|
| Receivables Turnover | 1.038 | |
| Receivables Turnover Ratio QoQ | -25.14 % | |
| Receivables Turnover Ratio YoY | -24.916 % | |
| Receivables Turnover Ratio IPRWA | high: 5.117 mean: 1.498 median: 1.309 POWL: 1.038 low: -0.275 |
|
| Inventory Turnover | 2.383 | |
| Inventory Turnover Ratio QoQ | -2.225 % | |
| Inventory Turnover Ratio YoY | 6.63 % | |
| Inventory Turnover Ratio IPRWA | high: 2.506 POWL: 2.383 mean: 0.996 median: 0.952 low: 0.077 |
|
| Days Sales Outstanding (DSO) | 87.92 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 92.286 | |
| Cash Conversion Cycle Days QoQ | 18.349 % | |
| Cash Conversion Cycle Days YoY | 23.669 % | |
| Cash Conversion Cycle Days IPRWA | high: 423.211 mean: 99.732 median: 94.266 POWL: 92.286 low: -10.437 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.514 | |
| CapEx To Revenue | -0.021 | |
| CapEx To Depreciation | -3.356 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 756.2 M | |
| Net Invested Capital | $ 756.2 M | |
| Invested Capital | $ 756.2 M | |
| Net Tangible Assets | $ 744.7 M | |
| Net Working Capital | $ 606.5 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.014 | |
| Current Ratio | 1.971 | |
| Current Ratio QoQ | -12.575 % | |
| Current Ratio YoY | -4.303 % | |
| Current Ratio IPRWA | high: 14.609 mean: 1.983 POWL: 1.971 median: 1.379 low: 0.602 |
|
| Quick Ratio | 1.818 | |
| Quick Ratio QoQ | -11.799 % | |
| Quick Ratio YoY | -1.842 % | |
| Quick Ratio IPRWA | high: 7.196 POWL: 1.818 mean: 1.41 median: 1.03 low: 0.087 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 0.038 | |
| Cost Of Debt | 12.669 % | |
| Interest Coverage Ratio | 170.415 | |
| Interest Coverage Ratio QoQ | 11.28 % | |
| Interest Coverage Ratio YoY | 6.573 % | |
| Interest Coverage Ratio IPRWA | POWL: 170.415 high: 120.021 mean: 15.423 median: 13.891 low: -209.401 |
|
| Operating Cash Flow Ratio | -0.108 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 35.355 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 15.907 | |
| Dividend Payout Ratio | 0.063 | |
| Dividend Rate | $ 0.09 | |
| Dividend Yield | 0.0 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 19.208 % | |
| Revenue Growth | 5.099 % | |
| Revenue Growth QoQ | -71.808 % | |
| Revenue Growth YoY | 85.891 % | |
| Revenue Growth IPRWA | high: 43.968 % mean: 18.845 % median: 14.495 % POWL: 5.099 % low: -86.726 % |
|
| Earnings Growth | 13.6 % | |
| Earnings Growth QoQ | 28.072 % | |
| Earnings Growth YoY | 245.441 % | |
| Earnings Growth IPRWA | high: 109.813 % mean: 30.188 % median: 29.915 % POWL: 13.6 % low: -150.0 % |
|
| MARGINS | ||
| Gross Margin | 30.57 % | |
| Gross Margin QoQ | 3.113 % | |
| Gross Margin YoY | -0.44 % | |
| Gross Margin IPRWA | high: 47.7 % mean: 35.332 % median: 33.466 % POWL: 30.57 % low: -70.957 % |
|
| EBIT Margin | 20.554 % | |
| EBIT Margin QoQ | 5.878 % | |
| EBIT Margin YoY | -2.133 % | |
| EBIT Margin IPRWA | high: 27.007 % POWL: 20.554 % median: 19.467 % mean: 15.769 % low: -383.461 % |
|
| Return On Sales (ROS) | 20.554 % | |
| Return On Sales QoQ | 5.878 % | |
| Return On Sales YoY | -2.133 % | |
| Return On Sales IPRWA | high: 27.141 % POWL: 20.554 % median: 17.106 % mean: 16.951 % low: -163.984 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 93.7 M | |
| Free Cash Flow Yield | 1.041 % | |
| Free Cash Flow Yield QoQ | 54.222 % | |
| Free Cash Flow Yield YoY | -31.287 % | |
| Free Cash Flow Yield IPRWA | high: 3.226 % POWL: 1.041 % mean: 0.572 % median: 0.564 % low: -10.041 % |
|
| Free Cash Growth | 89.907 % | |
| Free Cash Growth QoQ | 383.813 % | |
| Free Cash Growth YoY | -31.121 % | |
| Free Cash Growth IPRWA | high: 362.609 % median: 178.344 % mean: 147.807 % POWL: 89.907 % low: -189.08 % |
|
| Free Cash To Net Income | 1.796 | |
| Cash Flow Margin | -21.621 % | |
| Cash Flow To Earnings | -1.292 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 4.033 % | |
| Return On Assets QoQ | -0.05 % | |
| Return On Assets YoY | -16.067 % | |
| Return On Assets IPRWA | POWL: 4.033 % high: 3.814 % median: 2.373 % mean: 2.311 % low: -21.374 % |
|
| Return On Capital Employed (ROCE) | 8.193 % | |
| Return On Equity (ROE) | 0.069 | |
| Return On Equity QoQ | 6.599 % | |
| Return On Equity YoY | -14.924 % | |
| Return On Equity IPRWA | high: 0.267 POWL: 0.069 mean: 0.067 median: 0.054 low: -0.303 |
|
| DuPont ROE | 7.12 % | |
| Return On Invested Capital (ROIC) | 6.394 % | |
| Return On Invested Capital QoQ | 6.019 % | |
| Return On Invested Capital YoY | -15.924 % | |
| Return On Invested Capital IPRWA | high: 6.649 % POWL: 6.394 % mean: 3.901 % median: 3.183 % low: -8.631 % |
|