Forgent Reports Fiscal First Quarter 2027 Results Above High End of Guidance; Raises Full-Year Outlook on Strong Commercial and Operational Execution

Detailed summary

DAYTON, Minn., November 12, 2026--Forgent Power Solutions, Inc. ("Forgent" or the "Company") (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced financial results for its fiscal first quarter ended September 30, 2026.

DAYTON, Minn., November 12, 2026--(BUSINESS WIRE)--Forgent Power Solutions, Inc. ("Forgent" or the "Company") (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced financial results for its fiscal first quarter ended September 30, 2026.

Forgent reported first quarter revenues of $479 million, an increase of $195 million, or 69%, compared to the prior year's quarter, the highest quarterly revenue in the Company's history. As the Company communicated last month, first quarter results exceeded the high end of its guidance ranges for revenues and Adjusted EBITDA, as strong production ramp execution drove higher throughput and better cost absorption.

"Based on our strong first quarter commercial and operational execution, together with backlog that fully covers our fiscal 2027 guidance, we are raising our full-year outlook," said Gary Niederpruem, Chief Executive Officer of Forgent. "Robust customer demand and strong execution on our production ramp give us greater confidence in our higher outlook. We are also gaining meaningful traction with multiple frontier AI labs and hyperscalers through our direct sales strategy, and we expect orders from these important customers to build through fiscal 2027 and into fiscal 2028."

Mr. Niederpruem continued, "With much of our new manufacturing capacity now online, we are increasing our focus on performance optimization. The next phase for Forgent is about converting our expanded scale into greater operating leverage by standardizing processes, improving productivity, strengthening sourcing discipline, and driving more consistent execution across the business. With Amy Ard as Chief Financial Officer, Juan Macias as President of Solutions & Services, and Jamie Brown as President of Transformers, we have experienced financial and operational leadership in place to drive this work.

Net Income for the first…

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