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Forgent Power Solutions posts 89% revenue jump, $3B backlog amid AI data center boom

Company Fundamentals
15 Sep 2026
Seeking Alpha
View Source
Bullish
Forgent Power Solutions posts 89% revenue jump, $3B backlog amid AI data center boom

Forgent Power Solutions (FPS), a data center power distribution provider, reported an 89% year-over-year revenue increase to $1.42 billion for fiscal year 2026, driven by strong demand for modular solutions amid the AI buildout cycle. The company also saw a 375% rise in Q4 bookings and reached a record $3 billion backlog. FPS projects 69% revenue growth to $2.4–$2.6 billion and 86% EBITDA growth for fiscal year 2027, with valuation multiples now more reasonable. The strong execution and niche market position make FPS an attractive buy with a target price of $35.

Forgent Power Solutions' recent earnings report shows strong growth projections. For readers following the Technology sector, here is Pluang's market snapshot as of Sep 15, 2026 21:21 WIB: Of 150 priced US Technology stocks tradable on Pluang, 50 rose and 96 fell today. Notable movers include HPE at USD 57.32 (+3.45%), HOOD at USD 110.39 (-3.45%), and SNOW at USD 321.32 (-3.32%).

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