Talk about a glow-up
Forgent Power Solutions came out swinging in fiscal Q3 2026, with revenue surging to $379 million from $187 million a year ago. That’s not a tweak around the edges — that’s the kind of growth that makes investors sit up and check whether they’re reading the right line item.
Why the market cares
The company said the quarter was powered by record orders, a beefy backlog, and sequential margin expansion. Translation: demand isn’t just showing up, it’s sticking around, and Forgent is squeezing more profit out of each dollar of sales. For a business tied to data centers, the power grid, and energy-hungry industrial sites, that’s a pretty nice place to be when the world keeps building more things that need electricity.
The guidance boost is the real mic drop
Management also raised fiscal 2026 guidance, which is the part investors usually care about most. If a company can keep the top line growing fast while margins move in the right direction, that’s the recipe for a stock that stops being “interesting” and starts being “show me more.”
- Revenue momentum: still ripping
- Backlog: at record levels
- Margins: moving up sequentially
- Outlook: better than before
Big picture: Forgent is looking less like a cyclical industrial name and more like a beneficiary of the whole “the grid needs to get a lot bigger, a lot faster” theme.