Forgent Power debuts post-IPO: Q3 revenue doubles to $378.7M on data center demand

Filed May 14, 2026 · Period ending March 31, 2026 · ~1 min read

Key Changes

• high

  Raised $800.4M net proceeds across February IPO ($491.8M at $27/share) and March follow-on offering ($308.6M at $29.50/share); proceeds used to purchase Opco interests and redeem existing owners.

  MD&A: IPO and Follow-On Offering verify on EDGAR →
• high

  Q3 FY26 revenue $378.7M (up 103% YoY) and net income $24.5M (up 190% YoY), driven by data center and grid customer demand as new manufacturing campuses ramp production.

  MD&A: Q3 FY26 Results verify on EDGAR →
• high

  Gross margin compressed as new manufacturing campuses ramp: under-absorbed labor and fixed overhead from accelerated headcount growth and one-time startup costs at new facilities.

  MD&A: Margin Pressure verify on EDGAR →