Forgent Posts Record Q4: Revenue Up 94%, Backlog Hits $3B, Guides FY27 Revenue to $2.4–$2.6B
FPS sits 21% above its 52-week low of $25.95.
Summary
Forgent reported record Q4 and FY2026 results, with revenue up 94% and 89% respectively, and guided FY2027 revenue to $2.4–$2.6B. Backlog reached an all-time high of $3.0B, and the company announced a $35M capacity expansion.
Key Events · Earnings and Guidance · FPS
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Record Q4 and FY2026 Results
Q4 revenue of $462M (+94% YoY) and net income of $66M; full-year revenue of $1,420M (+89% YoY) and net income of $106M (+508% YoY).
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FY2027 Guidance Initiated
Revenue guided to $2,400–$2,600M (76% growth at midpoint), adjusted EBITDA to $575–$625M (86% growth), and adjusted EPS to $1.26–$1.40.
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Backlog Reaches All-Time High
Backlog of $3.0B (+256% YoY) on Q4 bookings of $1,503M, a 3.3x book-to-bill ratio.
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$35M Capacity Expansion Announced
2027 PTS Capacity Expansion at Tijuana campus expected online Q4 FY2027, increasing total revenue capacity to approximately $5.8B.
Analysis · FPS · Manufacturing
Forgent delivered a blowout quarter and full year, with Q4 revenue up 94% to $462M and net income swinging to $66M from a loss a year ago. Bookings of $1.5B in the quarter — more than full-year revenue — drove backlog to an all-time high of $3.0B, up 256% year-over-year. Management initiated FY2027 guidance of $2.4–$2.6B in revenue and $575–$625M in adjusted EBITDA, implying roughly 76% and 86% growth at the midpoints. The company also announced a $35M capacity expansion in Tijuana that will lift total revenue capacity to about $5.8B. This is a thesis-reinforcing print for a company that went public earlier this year and has already raised over $2B in follow-on offerings.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.3% of the 1065 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FPS was trading at $31.52 on NYSE in the Manufacturing sector, with a market capitalization of approximately $8.7B. The 52-week trading range was $25.95 to $66.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.