Forgent Power Stock Jumps After Record Orders Put AI Power Demand Back in Focus
Forgent raised its fiscal 2026 revenue forecast to $1.35 billion–$1.39 billion after third-quarter bookings surged 308% to $867 million, more than double revenue for the period. Backlog reached $1.98 billion at March 31, up 157% from a year earlier. Net income rose to $24.5 million from $8.4 million. Shares climbed $2.51 to $45.52 in premarket trading.