Forgent Power Solutions (NYSE:FPS) shares rose 10.9% in premarket trading on Tuesday after the company released its fiscal fourth-quarter and full-year 2026 financial results.
The results cover the period ended June 30, 2026. Forgent scheduled a conference call for 11:00 a.m. ET to discuss its financial performance and outlook.
The supplied information did not include the company’s reported fourth-quarter or full-year revenue, earnings or other financial figures from Tuesday’s release.
Previous Quarter Revenue More Than Doubled
Ahead of the latest results, Forgent had reported fiscal third-quarter revenue of $379 million, more than double the level recorded a year earlier.
Third-quarter bookings reached $867 million, an increase of 308% year over year and a company record, according to the supplied information. The result increased Forgent’s backlog to nearly $2 billion.
Management had also raised its full-year 2026 revenue guidance to between $1.35 billion and $1.39 billion. The midpoint of that range represented year-over-year growth of approximately 82%.
Analysts Had Expected Q4 Revenue Above $425 Million
Wall Street expectations ahead of Tuesday’s results were for fourth-quarter revenue of approximately $425 million to $430 million and adjusted earnings of around $0.23 per share, according to the supplied information.
Jefferies and TD Cowen maintained Buy ratings on Forgent ahead of the earnings release, with price targets above the company’s recent trading levels.
Forgent provides electrical distribution equipment and services serving markets including data centres and power-grid infrastructure.
The shares had declined over the preceding three months, a period that included post-IPO lock-up expirations and secondary share offerings. Tuesday’s premarket increase followed the publication of the company’s latest financial results.
Forgent Power Solutions stock price
