Forgent Stock Gains Momentum Following Revenue Beat, Bullish Guidance
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Forgent Power Solutions shares surged after reporting Q3 revenue of $378.70 million, exceeding estimates of $292.43 million, marking a 103% year-over-year increase. The company also raised its FY26 revenue guidance to between $1.35 billion and $1.39 billion, above the consensus of $1.30 billion. CEO Gary Niederpruem highlighted strong demand and a book-to-bill ratio of 2.3x, with a backlog of $1.98 billion. Forgent expects Q4 revenue between $392 million and $432 million, surpassing the consensus estimate of $328.18 million.
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