Forgent Power Solutions Shares Rise in Premarket Trading Following FY26 Results
Forgent Power Solutions (NYSE:FPS) shares rose by 10.9% in premarket trading on Tuesday after the company released its fiscal fourth-quarter and full-year 2026 financial results, which ended June 30, 2026. The stock's increase followed a strong performance earlier in the year; Forgent had reported third-quarter revenue of $379 million — more than double compared to the prior year. Bookings for that quarter reached a record high of $867 million, up 308% year-over-year and pushing its backlog close to $2 billion. Analysts expected fourth-quarter revenue between $425 million and $430 million with adjusted earnings around $0.23 per share. Jefferies and TD Cowen maintained Buy ratings for the stock, citing strong fundamentals despite recent volatility linked to post-IPO lock-up expirations.
Tickers: $FPS
Topics: conference call financial results share price movement