Forgent Reports Record Q3 2026 Results and Raises Guidance

Dayton, MN - Forgent Power Solutions, Inc. (NYSE: FPS), a designer and manufacturer of electrical distribution equipment for data centers and industrial facilities, has announced its financial results for the fiscal third quarter ending March 31, 2026. The company experienced significant growth, characterized by record-breaking order levels and a substantial increase in its backlog.

The company reported revenues of $379 million, marking a 103% increase year-over-year. Net income reached $24 million, a 190% jump from the same quarter in the prior year. Driven by strong demand and operational scaling, Forgent has updated its full-year fiscal 2026 guidance to reflect higher expectations.

Financial Highlights

• Revenues of $379 million, up 103% year-over-year.
• Bookings hit a record $867 million, an increase of 308% year-over-year.
• Backlog reached a record $1.98 billion.
• Net Income of $24 million, an increase of 190% year-over-year.
• Adjusted EBITDA rose 96% year-over-year to $85 million.

Gary Niederpruem, Chief Executive Officer of Forgent, attributed the performance to successful manufacturing expansion and robust demand across data center and grid end markets. The company continues to invest in capacity expansion to support future revenue goals of up to $5 billion annually, while anticipating significant improvements in operating leverage as new facilities ramp up production.