Quarterly ResultMay 14, 2026, 06:41 AM
Forgent Q3 Revenue +103% to $379M; Raises FY26 Guidance
AI Summary
Forgent Power Solutions reported strong financial results for its fiscal third quarter ended March 31, 2026, with revenues increasing 103% year-over-year to $379 million and net income rising 190% to $24 million. The company achieved record bookings of $867 million and a record backlog of $1.98 billion, driven by robust demand in data center and grid markets. Consequently, Forgent raised its full-year fiscal 2026 guidance, anticipating revenues between $1,350 million and $1,390 million and Adjusted Net Income between $197 million and $207 million.
Key Highlights
- Q3 2026 Revenues increased 103% year-over-year to $379 million.
- Q3 2026 Bookings surged 308% year-over-year to a record $867 million, with a 2.3x book-to-bill ratio.
- Backlog reached a record $1.98 billion, up 157% year-over-year and 33% quarter-over-quarter.
- Net Income for Q3 2026 rose 190% year-over-year to $24 million, with a 6.5% margin.
- Adjusted EBITDA for Q3 2026 increased 96% year-over-year to $85 million, with a 22.4% margin.
- Cash flow from operations improved by $37 million year-over-year to $29 million.
- Raised full-year fiscal 2026 revenue guidance to $1,350-$1,390 million (82% YoY growth at midpoint).
- Raised full-year fiscal 2026 Adjusted Net Income guidance to $197-$207 million (128% YoY growth at midpoint).