As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the electrical systems industry, including Kimball Solutions (NASDAQ: KE) and its peers.

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 13 electrical systems stocks we track reported a satisfactory Q2. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 0.6% below.

While some electrical systems stocks have fared somewhat better than others, they have collectively declined. On average, share prices are down 1.1% since the latest earnings results.

Kimball Solutions (NASDAQ: KE)

Founded in 1961, Kimball Solutions (NASDAQ: KE) is a global contract manufacturer specializing in electronics and manufacturing solutions for automotive, medical, and industrial markets.

Kimball Solutions reported revenues of $371.6 million, down 2.3% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with a significant miss of analysts’ EPS estimates and full-year revenue guidance meeting analysts’ expectations.

The market seems disappointed with the results as the stock is down 2% since reporting and currently trades at $24.69.

Read our full report on Kimball Solutions here, it’s free.

Best Q2: Atkore (NYSE: ATKR)

Protecting the things that power our world, Atkore (NYSE: ATKR) designs and manufactures electrical safety products.

Atkore reported revenues of $794.8 million, up 8.1% year on year, outperforming analysts’ expectations by 4.7%. The business had an incredible quarter with a solid beat of analysts’ EBITDA and EPS estimates.

The market seems happy with the results as the stock is up 28.4% since reporting. It currently trades at $93.68.

Is now the time to buy Atkore? Access our full analysis of the earnings results here, it’s free.

Weakest Q2: 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 $311.7 million, up 8.9% year on year, falling short of analysts’ expectations by 1.6%. It was a disappointing quarter as it posted a significant miss of analysts’ EPS estimates.

As expected, the stock is down 11.1% since the results and currently trades at $195.40.

Read our full analysis of Powell’s results here.

Acuity Brands (NYSE: AYI)

One of the pioneers of smart lights, Acuity (NYSE: AYI) designs and manufactures light fixtures and building management systems used in various industries.

Acuity Brands reported revenues of $1.20 billion, up 1.6% year on year. This result topped analysts’ expectations by 1.2%. It was a strong quarter as it also logged a solid beat of analysts’ EBITDA and EPS estimates.

The stock is up 18.5% since reporting and currently trades at $341.86.

Read our full, actionable report on Acuity Brands here, it’s free.

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 $3.52 billion, down 6.8% year on year. This print lagged analysts’ expectations by 1.2%. Aside from that, it was a mixed quarter as it also logged full-year EPS guidance exceeding analysts’ expectations but a significant miss of analysts’ EPS estimates.

Whirlpool had the slowest revenue growth of the whole group. The stock is up 1.4% since reporting and currently trades at $39.75.

Read our full, actionable report on Whirlpool here, it’s free.

Market Update

Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.

Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.

By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.

Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.