Forgent Power Solutions Reports 268% Q2 Bookings Surge, Issues Strong 2026 Guidance
Summary
Forgent Power Solutions reported exceptionally strong fiscal second-quarter 2026 results, highlighted by a 268% year-over-year surge in bookings to $762 million and a 100% increase in backlog to $1.5 billion. Revenues grew 69% to $296 million, while adjusted net income rose 66% to $36 million. The company also issued robust full-year fiscal 2026 guidance, projecting revenues of $1.275-$1.325 billion and adjusted net income of $190-$200 million, representing significant year-over-year growth. These results, marking the company's first reported quarter as a public entity, demonstrate strong demand from data center and grid customers and significant operational momentum. The accelerating order growth and substantial backlog provide strong revenue visibility and suggest continued market share gains, making this a highly material update for investors. Traders will be watching for continued execution on the growing backlog and further margin expansion as new production capacity comes online.
At the time of this announcement, FPS was trading at $31.80 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $9.4B. The 52-week trading range was $25.95 to $37.53. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.