Forgent Power Solutions (FPS) Reports FQ3 2026 Revenue and Bookings

Published on June 17, 2026 at 2:29 pm by Maham Fatima in News

Forgent Power Solutions Inc. (NYSE:FPS) is one of the best young stocks to invest in according to hedge funds. On May 14, Forgent Power Solutions reported FQ3 2026 earnings, with revenues reaching $379 million, a 103% year-over-year increase. The company achieved record performance in order volume, securing $867 million in bookings and reaching a total backlog of $1.98 billion. Driven by demand across data center and power grid markets, the company saw its net income rise to $24 million, while Adjusted EBITDA reached $85 million, reflecting a 200-basis-point sequential margin expansion.

Management attributed the company’s success to its agile manufacturing model and the ability to deliver customized solutions with industry-leading lead times. Although margins were slightly impacted by startup costs at new facilities and aggressive headcount growth, revenue expansion is allowing Forgent to improve its absorption of labor and overhead costs. Operational cash flow improved significantly to $29 million, even as the company continues to invest in its multi-year capacity expansion plan.

Forgent Power Solutions Inc. (NYSE:FPS) has now raised its full-year fiscal 2026 guidance, now projecting revenue between $1.35 billion and $1.39 billion, along with Adjusted EBITDA of $310 million to $320 million. With its capacity expansion on track to support up to $5 billion in annual revenue by the end of the year, the company expects further margin improvement in the fourth quarter and enters the final period of its fiscal year with substantial growth visibility.

Forgent Power Solutions Inc. (NYSE:FPS) is a leading US designer and manufacturer of custom electrical distribution equipment, specializing in critical power infrastructure for data centers, the power grid, and energy-intensive industrial facilities.

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