Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Whirlpool (NYSE:WHR) and the best and worst performers in the electrical systems industry.
Like many equipment and component manufacturers, electrical systems companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include Internet of Things (IoT) connectivity and the 5G telecom upgrade cycle, which can benefit companies whose cables and conduits fit those needs. But like the broader industrials sector, these companies are also at the whim of economic cycles. Interest rates, for example, can greatly impact projects that drive demand for these products.
The 14 electrical systems stocks we track reported a satisfactory Q1. As a group, revenues beat analysts’ consensus estimates by 3.4% while next quarter’s revenue guidance was 3.3% below.
In light of this news, share prices of the companies have held steady as they are up 4.5% on average since the latest earnings results.
Weakest Q1: Whirlpool (NYSE:WHR)
Credited with introducing the first automatic washing machine, Whirlpool (NYSE:WHR) is a manufacturer of a variety of home appliances.
Whirlpool reported revenues of $3.27 billion, down 9.6% year on year. This print fell short of analysts’ expectations by 4.4%. Overall, it was a disappointing quarter for the company with full-year EPS guidance missing analysts’ expectations and a significant miss of analysts’ adjusted operating income estimates.
"We acted decisively to address pricing and costs in the face of rapid deterioration in macroeconomic conditions. Now, with Section 232 changes in favor of domestic manufacturers, Whirlpool Corporation is structurally positioned to win with our American-made products."
Whirlpool delivered the weakest performance against analyst estimates, slowest revenue growth, and weakest full-year guidance update of the whole group. The market seems disappointed with the results as the stock is down 28.5% since reporting and currently trades at $39.15.
Read our full report on Whirlpool here, it’s free.
Best Q1: Garrett Motion (NASDAQ:GTX)
A key player in the transition to cleaner vehicles, Garrett Motion (NYSE:GTX) designs and manufactures turbochargers, air compressors, and electric motor technologies for vehicle manufacturers and industrial applications.
Garrett Motion reported revenues of $985 million, up 12.2% year on year, outperforming analysts’ expectations by 9.3%. The business had a stunning quarter with a solid beat of analysts’ EBITDA estimates.
The market seems happy with the results as the stock is up 66.9% since reporting. It currently trades at $34.20.
Is now the time to buy Garrett Motion? Access our full analysis of the earnings results here, it’s free.
Powell (NASDAQ:POWL)
Originally a metal-working shop supporting local petrochemical facilities, Powell (NYSE:POWL) has grown from a small Houston manufacturer to a global provider of electrical systems.
Powell reported revenues of $296.6 million, up 6.5% year on year, falling short of analysts’ expectations by 0.8%. It was a disappointing quarter as it posted a significant miss of analysts’ adjusted operating income and EPS estimates.
Interestingly, the stock is up 11.6% since the results and currently trades at $301.14.
Read our full analysis of Powell’s results here.
GE Vernova (NYSE:GEV)
Born from the energy business of industrial giant General Electric in a 2023 spin-off, GE Vernova (NYSE:GEV) designs, manufactures, and services power generation equipment and grid technologies to help customers build more reliable and sustainable electric systems.
GE Vernova reported revenues of $9.34 billion, up 16.3% year on year. This number surpassed analysts’ expectations by 0.8%. Overall, it was an exceptional quarter as it also logged an impressive beat of analysts’ adjusted operating income and EPS estimates.
The stock is up 12.3% since reporting and currently trades at $1,113.
Read our full, actionable report on GE Vernova here, it’s free.
Sanmina (NASDAQ:SANM)
Founded in 1980, Sanmina (NASDAQ:SANM) is an electronics manufacturing services company offering end-to-end solutions for various industries.
Sanmina reported revenues of $4.01 billion, up 102% year on year. This print topped analysts’ expectations by 22.8%. It was an exceptional quarter as it also put up a beat of analysts’ EPS and adjusted operating income estimates.
Sanmina delivered the biggest analyst estimate beat, fastest revenue growth, and highest full-year guidance raise among its peers. The stock is up 28.7% since reporting and currently trades at $242.07.
Read our full, actionable report on Sanmina here, it’s free.
Market Update
Late in 2025 into early 2026, there was hand-wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?
These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.
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