Record fiscal 2026 performance: Fourth-quarter revenue surged 94% to $462 million and adjusted EBITDA rose 163% to $113 million. Full-year revenue increased 89% to $1.42 billion, with adjusted EBITDA reaching $323 million. Demand and backlog remain exceptionally strong: Fourth-quarter bookings exceeded $1.5 billion, producing a 3.3x book-to-bill ratio and a record $3 billion backlog.
Forgent is expanding its modular Powertrain Solutions capacity in Tijuana by more than 50% to serve data center, grid and industrial demand. Fiscal 2027 outlook calls for continued rapid growth: Management projects revenue of $2.4 billion to $2.6 billion and adjusted EBITDA of $575 million to $625 million, with more than 90% of the revenue outlook already covered by backlog. Near-term margins may be pressured by approximately $10 million in first-quarter hiring and capacity-investment costs.
Forgent Power Solutions (NYSE:FPS) reported record fourth-quarter and full-year fiscal 2026 results, driven by demand across its data center, grid and industrial markets, as well as growth in its modular Powertrain Solutions business. Fourth-quarter revenue rose 94% year over year to $462 million, while adjusted EBITDA increased 163% to $113 million. Adjusted EBITDA margin reached 24.4%, up 200 basis points sequentially and 640 basis points from the prior-year quarter.
Adjusted net income increased 275% to $77 million. → Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound For the full fiscal year, revenue climbed 89% to $1.42 billion, adjusted EBITDA rose 91% to $323 million, and adjusted net income increased 136% to $208 million. CEO Gary Niederpruem said the results exceeded the high end of guidance that the company had raised in May. Fourth-quarter bookings totaled more than $1.5 billion, increasing 375% year over year and 73% sequentially.
The company's book-to-bill ratio was 3.3 times, while year-end backlog rose to $3 billion, up 256% from a year earlier and 53% from the prior quarter. → Analysts Are Punting Their Calls Into the Next Quarter After Adobe's Mixed Earnings Niederpruem said the backlog consisted entirely of firm customer purchase orders, rather than letters of intent or memoranda of understanding. He also said pricing has remained consistent and that the company has not experienced meaningful project delays or customer push-outs for its products. "We are not hearing anything about any massive projects being delayed or the market slowing by any means," Niederpruem said during the question-and-answer session. → Nasdaq's $100 Million Kraken Bet Prepares It for a Market That Never Closes The company said its backlog was approximately 40% Powertrain Solutions at the end of fiscal 2026.
Powertrain Solutions encompasses prefabricated, factory-built systems designed to shift work from construction sites into manufacturing facilities. Powertrain Solutions revenue rose 187% year over year and 48% sequentially to $147 million in the fourth quarter. Custom products revenue increased 73% to $292 million, services revenue rose 69% to $12 million, and standard products revenue increased 3% to $11 million.
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