Forgent Power Solutions Reports Record Q4 and Full-Year Earnings in 2026
Forgent Power Solutions (FPS) reported strong financial results for the fourth quarter of fiscal year 2026, with revenue reaching $462 million—up 94% from a year ago. Adjusted EBITDA surged to $113 million, reflecting significant growth driven by volume expansion and favorable product mix. The company also posted net income of $66 million in the quarter compared to a prior-year loss. Annual revenue for fiscal 2026 totaled $1.42 billion, an increase of 89% year over year due to strong demand from data center and grid markets. Management raised guidance for fiscal 2027 with projected annual revenue between $2.4 billion and $2.6 billion—implying a growth rate at the midpoint of around 76%. The company also announced plans to expand manufacturing capacity, including a new facility in Tijuana expected to boost total revenue potential by late 2027. Despite these positive results, management warned that near-term investments will result in one-time costs impacting adjusted EBITDA margins during the first quarter of fiscal 2027. However, long-term growth appears robust with a $3 billion backlog covering more than two years' worth of revenue and strong demand across key markets.
Tickers: $FPS
Topics: adjusted_ebitda backlog bookings net_income revenue