Forgent Power Solutions Reports Record Q4 2026 Results, Backlog Hits All-Time High — Forgent Power Solutions, Inc.

Event summary

Forgent reported Q4 2026 revenues of $462M, up 94% YoY, with bookings hitting $1.5B, a 375% YoY increase.
The company's backlog reached $3.0B as of June 30, 2026, a 256% YoY increase.
Forgent announced a $35M investment to expand Powertrain Solutions manufacturing capacity in Tijuana, Mexico.
Adjusted EBITDA for Q4 2026 was $113M, a 163% YoY increase, with a margin of 24.4%.
Forgent initiated fiscal 2027 guidance with expected revenues of $2.4B–$2.6B.

The big picture

Forgent's record results reflect the robust demand for electrical distribution equipment in data centers and industrial facilities. The company's strategic investments in manufacturing capacity and market share gains position it to capitalize on the accelerating build-out of power-intensive infrastructure. The $3.0B backlog underscores the strength of its order pipeline, but scaling operations to meet demand will be critical.

What we're watching

Execution Risk: Whether Forgent can deliver on its aggressive fiscal 2027 guidance amid rapid growth and capacity expansion.
Market Dynamics: How the company's ability to sustain its book-to-bill ratio of 3.3x will affect its market positioning.
Industry Trends: The pace at which demand for modular solutions and electrical distribution equipment will grow in data centers and industrial facilities.