TLDR
- Forgent Power Solutions stock jumped 10.9% in pre-market trading after reporting fiscal Q4 and full-year 2026 results
- In Q3, revenues more than doubled year-over-year to $379 million, with bookings hitting a record $867 million
- Full-year 2026 revenue guidance was raised to $1.35-$1.39 billion, implying roughly 82% year-over-year growth
- California State Teachers Retirement System bought 9.15 million FPS stock worth around $510.9 million, a 3% stake
- Analysts hold a consensus “Moderate Buy” rating with an average price target of $56.75
Forgent Power Solutions (FPS) jumped 10.9% in pre-market trading on Tuesday after the company dropped its fiscal fourth quarter and full-year 2026 results before the bell. The stock entered today’s session at $28.43, near the lower end of its 52-week range of $25.95 to $66.00.
Forgent Power Solutions, Inc., FPS
The results cover the period ended June 30, 2026. Management scheduled a conference call for 11:00 a.m. ET to walk through the numbers.
Wall Street was looking for around $425-$430 million in Q4 revenue and roughly $0.23 in adjusted EPS heading into the print.
🚨 $FPS Forgent Power Solutions just reported FY2026 results — and the numbers are WILD.
Q4:
📈 Revenue: $462M (+94%)
🔥 Bookings: $1.5B (+375%)
💰 Backlog: $3.0B (+256% YoY)
⚡ Book-to-bill: 3.3x
💵 Adj. EBITDA: $113M (+163%)FY2027 guide:
➡️ Revenue: $2.4–2.6B
➡️ Adj. EBITDA:… https://t.co/rHCtkLKFMj pic.twitter.com/u8h6LV9t9A— LongGameEquity (@LongGameEquity) September 15, 2026
The bar was already high coming in. Fiscal Q3 revenues hit $379 million, more than doubling year-over-year. Bookings surged 308% to a company record of $867 million, pushing the backlog to nearly $2 billion.
Management had previously raised full-year 2026 revenue guidance to $1.35-$1.39 billion. At the midpoint, that implies about 82% year-over-year growth.
The stock had been under pressure in recent months. Post-IPO lockup expirations and secondary offerings weighed on sentiment, dragging the price down sharply over the prior three months. That compressed entry point likely amplified the positive reaction once results came in.
FPS carries an $8.65 billion market cap and a price-to-earnings ratio of 189.5. Its 50-day moving average sits at $35.89, and its 200-day at $40.21.
Institutional Buyers Step In
California State Teachers Retirement System took a new position in Q2, picking up 9,146,852 stock worth approximately $510.9 million. That gives them a 3.0% stake in the company.
Several other institutions also moved in during the second quarter. Value Aligned Research Advisors bought a new position worth $176.4 million. Spyglass Capital Management added a stake worth around $39.4 million. UBS Asset Management came in with roughly $23.1 million.
Bank of New York Mellon grew its position by 813%, and now holds 326,317 stock valued at $18.2 million. Moore Capital Management also picked up a new position worth about $10.4 million.
What Analysts Are Saying
Jefferies and TD Cowen both hold Buy ratings, with price targets well above recent trading levels. TD Cowen raised its target from $63 to $73 in June, while Jefferies lifted its target from $44 to $56 in May.
Robert W. Baird initiated coverage in July with an “Outperform” rating and a $55 price target. Wolfe Research also holds an “Outperform” rating with a $60 target.
Zacks cut its rating from “Strong Buy” to “Hold” on September 8th.
Out of 14 analysts covering the stock, 10 have Buy ratings, two have Hold ratings, and one has a Sell. The consensus stands at “Moderate Buy” with an average price target of $56.75.
The near-$2 billion backlog gives the company strong revenue visibility heading into fiscal 2027.
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