Forgent Power Solutions Reports 89% Revenue Growth to $1.42 Billion in Fiscal Year 2026

Forgent Power Solutions, Inc. reported significant financial growth in its fiscal year ending June 30, 2026, with revenues reaching approximately $1.42 billion, an increase of 89% from $753.2 million in the previous year. The company also achieved a net income of $106 million, a substantial rise of 508% compared to $17.4 million in fiscal 2025. Adjusted EBITDA for the year was $322.9 million, reflecting a 91% increase from $169.2 million in the prior year. This growth is attributed to heightened demand for electrical distribution equipment, particularly in data centers and grid applications, as well as the commencement of production at new manufacturing campuses.

The company underwent a series of strategic developments, including an initial public offering (IPO) in February 2026, which raised $491.8 million, and three follow-on offerings that collectively generated $1.7 billion. These funds were primarily used to acquire additional Opco LLC Interests, further consolidating Forgent's control over its manufacturing operations. As of June 30, 2026, Forgent owned 85.4% of Opco, with a backlog of $3 billion, a 256% increase from the previous year, indicating strong future revenue potential.

Operationally, Forgent expanded its manufacturing capacity significantly, completing a capacity expansion plan that added 1.8 million square feet across five campuses in the U.S. and Mexico. The company employed approximately 3,000 full-time and 450 temporary employees as of June 30, 2026, reflecting a growing workforce to meet increased production demands. The company generated 59% of its revenues from data center products, with the remainder coming from grid and industrial markets, primarily within North America.

Looking ahead, Forgent aims to leverage its expanded capacity and product offerings to capture additional market share, particularly in the high-growth data center sector. The company plans to introduce new products and services, enhance its prefabricated solutions, and explore international expansion opportunities. However, it also faces challenges, including potential fluctuations in raw material prices and the need to manage labor costs effectively as it scales operations. The company’s outlook remains optimistic, supported by its strong financial performance and strategic initiatives.