Forgent Reports Third Quarter 2026 Results, Raises Fiscal 2026 Guidance on Record Orders, Backlog and Sequential Margin Expansion
Forgent reported Q3 2026 revenue of $379 million, a 103% increase year-over-year, driven by strong demand across its data center and power grid markets. The company also announced record bookings of $867 million, up 308% year-over-year, and a backlog of $1.98 billion, up 157% year-over-year and 33% quarter-over-quarter. Net income for the quarter was $24 million, up 190% year-over-year, with a net income margin of 6.5%, a significant improvement from the prior quarter.
Key figures
- Eps
- 24475000
- Eps Beat
- 0
- Revenue
- 378709000
- Guidance
- FY26 revenue $1,350 to $1,390 million, representing 82% YoY growth at the midpoint; Adjusted EBITDA $310 to $320 million, representing 86% YoY growth at the midpoint; Adjusted Net Income $197 to $207 million, representing 128% YoY growth at the midpoint
- Revenue Yoy
- 103%
- Backlog
- 1980000000
- Bookings
- 867000000
- Net income
- 24475000
- Gross margin
- 34.6%
- Gross profit
- 131196000
- Adjusted ebitda
- 84682000
- Operating income
- 39336000
- Net income margin
- 6.5%
- Operating expenses
- 91860000
- Adjusted net income
- 55272000
- Adjusted ebitda margin
- 22.4%
- Operating income margin
- 10.4%
- Cash flow from operations
- 29000000
AI analysis
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