Forgent Power Solutions reported record fiscal fourth-quarter and full-year 2026 results as demand for electrical distribution equipment supporting data centers, power infrastructure and energy-intensive industrial facilities accelerated.
Fourth-quarter revenue jumped 94% year over year to $462 million, while bookings surged 375% to a record $1.5 billion. Forgent’s book-to-bill ratio reached 3.3x, and backlog increased 256% to an all-time high of $3 billion.
Net income reached $66 million compared with a $4.8 million loss a year earlier. Adjusted EBITDA increased 163% to a quarterly record of $113 million, while adjusted EBITDA margin expanded to 24.4%.
For fiscal 2026, revenue increased 89% to $1.42 billion, net income climbed 508% to $106 million and adjusted EBITDA rose 91% to $323 million.
Forgent is entering fiscal 2027 with substantial visibility. The company expects revenue between $2.4 billion and $2.6 billion, adjusted EBITDA between $575 million and $625 million and adjusted EPS between $1.26 and $1.40. At the midpoint, those targets imply revenue growth of 76%, adjusted EBITDA growth of 86% and adjusted EPS growth of 95%.
The company is also investing $35 million to expand Powertrain Solutions manufacturing at its Tijuana campus. The project is expected to increase Powertrain Solutions capacity by more than 50% and lift total company revenue capacity by approximately $800 million to $5.8 billion when completed in the fourth quarter of fiscal 2027.
Powertrain Solutions revenue grew 259% during fiscal 2026 and represented nearly one-third of fourth-quarter revenue.
KEY QUOTES:
“We booked more than $1.5 billion of orders in the fourth quarter — an amount that exceeded our total revenue for the full fiscal year — highlighting the strength of our offerings. Our performance demonstrates that Forgent is not only benefiting from industry growth, but also gaining share and significantly outpacing the broader market.”
Gary Niederpruem, Chief Executive Officer of Forgent Power Solutions
