Analyst Consensus ?
ConsensusBuy6 ratings
Bullish583.3%
Neutral116.7%
Bearish00.0%
Forgent Power Solutions, Inc. · FPS · FY2026 Q4 · Calendar Q3 2026
Forgent Power Solutions pairs record results with an aggressive FY27 buildout
Forgent's record results, $3 billion backlog, and strong data-center demand support the case for continued growth, but the FY27 outlook is increasingly dependent on executing a large capacity and hiring program.
Reported Before market openNYSEIndustrials
$10.25B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.25
Consensus $0.24
EPS surprise
+4.3%
Reported versus consensus
Reported revenue
$461.7M
Consensus $429.9M
Revenue surprise
+7.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+9.5%
Event window
SPY move
-0.5%
Same window
Abnormal move
+10.0%
Stock minus SPY
Volume
5.7×
Versus trailing sessions
Subsequent drift
+25.8%
Up to 20 sessions
FPSSPY benchmark
Ask FN2 about FPS FY2026 Q4
Transcript, numbers and history already loaded
Why did FPS rise 9.5% after beating EPS estimates in FY2026 Q4?What changed in FPS's guidance and outlook in FY2026 Q4?Give me the bull and bear case for FPS after FY2026 Q4 earnings.
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Transcript intelligence
What changed
The company entered FY27 with stronger-than-guided FY2026 results, a substantially larger backlog, and a more aggressive capacity plan. Modular Powertrain Solutions now account for about 40% of backlog, while management announced a new Tijuana facility and changed the cadence for reporting orders and backlog.
Guidance delta
Management raised its outlook and targeted FY27 revenue of $2.4-$2.6 billion, with 76% revenue growth and margin expansion.
Key takeaways
- Management reported record Q4 and FY2026 performance, with revenue and adjusted EBITDA growth above guidance.
- Bookings reached $1.5 billion and backlog grew to $3 billion, led by data-center demand and modular Powertrain Solutions.
- The company plans a 385,000-square-foot Tijuana facility, expanded hiring, deeper direct sales to AI labs and hyperscalers, and potential strategic acquisitions.
- Management will shift to an annual disclosure cadence for orders and backlog rather than reporting them quarterly.
Management priorities
- Expand Powertrain Solutions manufacturing capacity in Tijuana and scale hiring.
- Deepen direct relationships with AI labs and hyperscalers while expanding service offerings.
- Pursue strategic acquisitions and strengthen engineering and operating leverage.
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Analyst 52W Price Targets
$39.44Current
$44Low
$54.55Average
$63High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Buy | Buy | Maintain | Sep 16, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Sep 16, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | May 18, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 15, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | May 15, 2026 |
| Barclays | Overweight | Overweight | Maintain | May 15, 2026 |
Named analyst price targets
Upside is calculated against the persisted current price $39.44. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Robert W. Baird | Analyst unavailable | $55 | $42.62 | +39.5% | Jul 15, 2026 |
| Wolfe Research | Nigel Coe | $60 | $46.28 | +52.1% | Jul 9, 2026 |
| Jefferies | Analyst unavailable | $56 | $52.9 | +42.0% | May 29, 2026 |
| Morgan Stanley | Christopher Snyder | $51 | $45.02 | +29.3% | May 17, 2026 |
| TD Securities | Analyst unavailable | $63 | $46.23 | +59.7% | May 15, 2026 |
| Oppenheimer | Analyst unavailable | $60 | $50.19 | +52.1% | May 15, 2026 |
| KeyBanc | Analyst unavailable | $60 | $50.19 | +52.1% | May 15, 2026 |
| Barclays | Julian Mitchell | $55 | $50.19 | +39.5% | May 15, 2026 |
| Wolfe Research | Analyst unavailable | $48 | $34.39 | +21.7% | Mar 2, 2026 |
| Goldman Sachs | Joe Ritchie | $48 | $34.39 | +21.7% | Mar 2, 2026 |
| Jefferies | Julien Dumoulin-Smith | $44 | $34.39 | +11.6% | Mar 2, 2026 |
Track every rating change on FPS the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationForgent Power Solutions, Inc. specializes in the engineering and manufacturing of electrical power distribution systems. These critical solutions are vital for cutting-edge data centers, extensive power grids, and various energy-demanding industrial environments. The company's comprehensive product line encompasses a wide range of electrical infrastructure, such as different forms of switchgear (including low voltage, medium voltage, and paralleling), a variety of transformers (like low voltage, medium voltage VPI, padmount, PDU, and substation types), power distribution units (PDUs), and specialized…
Industrials peers this season
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|---|---|---|---|---|
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| ALLE Allegion plc | FY2026 Q2 · Calendar Q3 2026 | +8.1% | +10.4% | Allegion Beats on Q2 Revenue and EPS, Raises Full-Year Outlook as Americas Demand Accelerates |
| ROL Rollins, Inc. | FY2026 Q2 · Calendar Q3 2026 | -4.7% | -9.3% | Rollins Q2 2026: Revenue Misses as Digital Lead Slowdown Hits Orkin |
| LUV Southwest Airlines Co. | FY2026 Q2 · Calendar Q3 2026 | +84.3% | -6.2% | Southwest Airlines Q2 2026: EPS Beats by 84%, Unit Revenue Up 20%, Guidance Cut on Fuel |
| DOV Dover Corporation | FY2026 Q2 · Calendar Q3 2026 | +0.7% | -7.8% | Dover Raises EPS Guidance but Shares Fall 8% on Revenue Miss and Refrigeration Issues |
| URI United Rentals, Inc. | FY2026 Q2 · Calendar Q3 2026 | — | +10.1% | United Rentals Q2: Record Revenue, Raised Guidance, and a Possible Investment-Grade Upgrade |
Latest beats and misses
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Missed on EPS
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Sources
- Earnings call transcript and parsed analysis · 2026-09-16T13:14:20.071686+00:00
- FN2 earnings calendar · 2026-09-20T01:23:12.707946+00:00
- Polygon adjusted daily market bars · 2026-09-20T21:40:48.989060+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-20T21:40:48.986447+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.