There is provided a precipitation hardening stainless steel powder including, in percentage by mass: Si: ≤1.0%; Mn: ≤1.8%; Ni: 3.0 to 8.5%; Cr: 12.0 to 20.0%; Mo: 0.1 to 2.5%; Cu: 1.0 to 5.0% and/or Ti+Al: 1.0 to 5.0%; Nb+Ta≥5C or Nb≥5C; N≤350 ppm; and the balance being Fe and incidental impurities. A sintered compact fabricated from the steel powder has a martensite content of 90% or more. The precipitation hardening stainless steel powder provides a sintered compact that exhibits high strength after aging.