Forgent Power Solutions Soars on Record Q3 Orders, Backlog, and Raised FY26 Guidance
FPS sits 87% above its 52-week low of $25.95 on elevated volume (1.8× avg).
Summary
Forgent Power Solutions reported exceptionally strong fiscal third-quarter 2026 results, significantly exceeding expectations with revenues up 103% year-over-year to $379 million and record bookings of $867 million, a 308% increase. The company's backlog surged to an all-time high of $1.98 billion, up 157% year-over-year, driven by robust demand from data center and power grid markets. Building on this momentum, Forgent raised its full-year fiscal 2026 guidance for revenue, Adjusted EBITDA, and Adjusted Net Income, signaling continued strong operational performance and an accelerating growth trajectory. This report follows an already exceptional Q2, indicating sustained and even accelerating demand for its electrical distribution equipment. Traders will view this as a strong confirmation of the company's growth thesis, likely leading to positive stock movement.
At the time of this announcement, FPS was trading at $48.65 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $13.9B. The 52-week trading range was $25.95 to $46.10. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.