Filing Flows › Forgent Power Solutions (FPS) › Q3 FY26
Forgent Power Solutions (FPS) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 14, 2026
Forgent Power Solutions (FPS) reported revenue of $379M for the third quarter fiscal 2026 (Q3 FY26), +103% from a year earlier and +28% from the quarter before. Operating margin was 10.4%, net earnings $18.3M (4.8% of revenue).
Forgent Power Solutions, Q3 FY26: revenue $379M (+103% year over year), operating margin 10.4%, net earnings $18.3M, operating cash flow $29.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $379M | +28% | +103% |
| Gross profit | $131M | +29% | +92% |
| Operating profit | $39.3M | +96% | +76% |
| Net earnings | $18.3M | 74× | +166% |
| Operating cash flow | $29.2M | — | — |
| Free cash flow | $937K | — | — |
What changed
Revenue was $378.7M in Q3 FY26, up 103% year over year and up 28% from the previous quarter. Custom products was the largest line at 68% of revenue. Custom products added $117.1M year over year (up 82%), 61% of the total change.
Gross margin was 34.6%, down 2.0 points from a year earlier. Operating profit was $39.3M, a 10.4% margin (down 1.6 points year over year). Of the extra revenue versus a year earlier, 9% reached operating profit, below the 12% margin then. Operating expenses grew 101% against revenue growth of 103%. The fastest-growing cost line was SG&A (+145%). Net earnings were $18.3M, up 166% year over year. The effective tax rate was 15.2%.
Operating cash flow was $29.2M, 119% of net income including minority interests. Non-cash charges added back $18.2M of depreciation and amortization and $3.4M of share-based compensation. Working capital and other items used $16.8M. Capital expenditures of $28.2M left free cash flow of $937K.
Questions
What was Forgent Power Solutions' revenue in the third quarter fiscal 2026?
Forgent Power Solutions (FPS) reported revenue of $379M for the third quarter fiscal 2026 (Q3 FY26), +103% from a year earlier and +28% from the quarter before.
Was Forgent Power Solutions profitable in the third quarter fiscal 2026?
Operating profit was $39.3M (10.4% of revenue) and net earnings $18.3M.