Forgent Power Solutions, Inc. · NYSE:FPS

Forgent Power Solutions — Q4 2026 Earnings Presentation

32 slides from Forgent Power Solutions's earnings presentation, Sep 15, 2026

  1. Slide 1: Fiscal Q4 & Full Year 2026 Earnings Presentation

    FISCAL Q4 & FULL YEAR 2026 EARNINGS PRESENTATION September 15, 2026

  2. Slide 2: Important Notice and Disclaimers

    IMPORTANT NOTICE AND DISCLAIMERS Cautionary Note Regarding Forward-Looking Statements This presentation and accompanying webcast contain forward-looking statements that are based on our management’s beliefs, expectations and assumptions and currently available information. Forward-looking statements

  3. Slide 3: Agenda

    AGENDA Fiscal Q4 & Full Year 2026 Earnings Presentation 01 Q4 Business Update 02 FY 2026 Review and Scorecard 03 Q4 & FY 2026 Financial Summary 04 FY 2027 Outlook & Guidance ©2026 Forgent. All rights reserved. 3

  4. Slide 4: Q4 Business Update

    Q4 BUSINESS UPDATE

  5. Slide 5: Fiscal Q4 and Full Year 2026 Financial Highlights

    FISCAL Q4 AND FULL YEAR 2026 FINANCIAL HIGHLIGHTS Three and Twelve Months Ended June 30, 2026 REVENUES ADJ. EBITDA (1) ADJ. EBITDA MARGIN (1) ADJ. NET INCOME (1) Q4 +94% $462M Q4 +163% $113M Q4 24.4% +200 bps (2) Q4 +275% $77M FY26 +89% $1,420M FY26 +91% $323M FY26 22.7% +20 bps (2) FY26 +136% $208M

  6. Slide 6: Key Messages

    KEY MESSAGES Beat high-end guidance on robust demand and strong execution Commercial momentum continues: Q4 revenue growth outpaced full-year growth by ~500 bps and $1.5B of Q4 orders exceeded full-year revenue Sustained Adjusted EBITDA margin expansion, with a second consecutive quarter of +200bps

  7. Slide 7: Record Q4 Orders and Backlog Highlight Continued Commercial Momentum

    RECORD Q4 ORDERS AND BACKLOG HIGHLIGHT CONTINUED COMMERCIAL MOMENTUM Bookings(1) Book-to-Bill Ratio(2) Backlog ($ in millions) ($ in millions) $1,503 3.3x $3,023 2.3x $1,981 $867 1.3x $850 $316 +73% QoQ +42% QoQ +53% QoQ +375% YoY +144% YoY +256% YoY Q4-FY25 Q3-FY26 Q4-FY26 Q4-FY25 Q3-FY26 Q4-FY26 Q

  8. Slide 8: Expanding Penetration of the Data Center Market

    EXPANDING PENETRATION OF THE DATA CENTER MARKET “Building Blocks” of a Data Center Electrical Infrastructure Leader Customer Cohorts / Routes to Market Represented in Revenues(1) Significant Organic Growth Opportunity Hyperscalers First orders received / Frontier Frontier AI labs AI labs MSAs signed

  9. Slide 9: Frontier AI Lab Customer Win >1 GW

    FRONTIER AI LAB CUSTOMER WIN Products: MV transformers and switchgear for a frontier-scale campus Why Forgent Won Background Transformers manufactured at our Waco campus Data Center  Design partnership: Provided upfront engineering support during the End Market procurement process, shaping the solu

  10. Slide 10: Powertrain Solutions Capacity Expansion

    POWERTRAIN SOLUTIONS CAPACITY EXPANSION Customers Want More …which is Driving Significant …and We’re Investing in More Modular Solutions… Growth in Powertrain Solutions… Capacity to Meet that Demand Percentage of DC Construction(1) Powertrain Solutions Revenue Powertrain Solutions Manufacturing Capa

  11. Slide 11: FY 2026 Review & Scorecard

    FY 2026 REVIEW & SCORECARD

  12. Slide 12: FY2026: Bigger, Broader, Better Positioned

    FY2026: BIGGER, BROADER, BETTER POSITIONED FY2025 FY2026 Achieved $ in millions Backlog $850 $3,023 +256% Revenue $753 $1,420 +89% Adjusted EBITDA(1) $169 $323 +91% Industrial & Other Industrial & Other Data Center 20% 35% 42% Data Center Grew in every end-market, Revenue Mix by 59% Grid maintaining

  13. Slide 13: What We Said, What We Delivered - Financial

    WHAT WE SAID, WHAT WE DELIVERED - FINANCIAL FY2026 Revenues FY2026 Adjusted EBITDA(1) Commentary +11% $339 +12% $1,420 Ex. Startup costs &  Provided forecast to research analysts in labor/overhead underabsorption December as is customary for companies going public $323  Actual FY2026 revenues exce

  14. Slide 14: What We Said, What We Delivered – Commercial

    WHAT WE SAID, WHAT WE DELIVERED – COMMERCIAL Our Strategy Our Results We added more customers, increased average order sizes and gained share in FY2026  Grow faster by focusing on FY26 YoY Growth end-markets backed by mega- Customer Avg. Revenue Outperformance Revenue Market(1) trends Count per Cus

  15. Slide 15: What We Said, What We Delivered – Operations

    WHAT WE SAID, WHAT WE DELIVERED – OPERATIONS Our Strategy Our Results We completed our 2025-2026 Capacity Expansion, bringing >1.8M sq. ft. of new capacity on-line  Invest in capacity to capture Approximate Footprint (ft2) Construction Status at Year-End demand Pre- Post- Location Expansion Expansi

  16. Slide 16: What We Said, What We Delivered - People

    WHAT WE SAID, WHAT WE DELIVERED - PEOPLE Our Strategy Our Results We successfully expanded our  Recruit, train and retain direct manufacturing and engineering teams… …and attracted A+ leadership talent labor to match our capacity for YoY % Change YoY Revenue revenue growth Growth Solutions & Servic

  17. Slide 17: Financial Summary - Fiscal Q4 & Full Year 2026

    FINANCIAL SUMMARY - FISCAL Q4 & FULL YEAR 2026

  18. Slide 18: Q4 Revenues

    Q4 REVENUES Revenues Commentary ($ in millions)  Revenues increased 94% to $462M +94% $462 − Strong execution with faster than expected production ramp at our new facilities − 100% organic growth, reflecting both market growth and share gains − Growth led by Custom Products & Powertrain Solutions f

  19. Slide 19: Q4 Adjusted EBITDA

    Q4 ADJUSTED EBITDA Adjusted EBITDA(1) Commentary ($ in millions)  Adjusted EBITDA grew 163% to $113M(1) +163% $113 − Gross profit increased 109% YoY driven by volume growth − SG&A increased, reflecting investments across sales, operations, and engineering to support growth $43  Quarter-over-quarte

  20. Slide 20: FY 2026 Financial Results

    FY 2026 FINANCIAL RESULTS Revenues Adjusted EBITDA(1) Adjusted Net Income(1) ($ in millions) ($ in millions) ($ in millions) +89% $1,420 +91% $323 +136% $208 $753 $169 $88 FY25 FY26 FY25 FY26 FY25 FY26 +$667M vs. FY25 +$154M vs. FY25 +$120M vs. FY25 Forgent’s full year results set new records across

  21. Slide 21: FY 2027 Outlook & Guidance

    y IN, FY 2027 OUTLOOK & GUIDA

  22. Slide 22: FY 2027 Outlook

    FY 2027 OUTLOOK Strategic Themes Priorities Robust demand continues for our products and solutions Expand the team to match the growth opportunity Engineering resources + capacity = outsized market growth Compound market growth with share gains Continuing shift to modular, scalable solutions Add Pow

  23. Slide 23: FY 2027 Outlook

    FY 2027 OUTLOOK Revenues Adjusted EBITDA(1) Adjusted EPS(1) Commentary ($ in millions) ($ in millions)  Revenue growth fueled by market expansion +86% $575 - $625 +95% $1.26 - $1.40 +76% $2,400 - $2,600 and share gains  Backlog substantially covers guidance with some capacity reserved for book-and

  24. Slide 24: FY 2027 Outlook – Q1

    FY 2027 OUTLOOK – Q1 Revenues Adjusted EBITDA(1) Commentary ($ in millions) ($ in millions)  Current backlog covers 90%+ of FY2027 +61% $445 - $465 +46% $90 - $100 guidance  Adding capacity and headcount in Q1 to support additional growth $283  Expect to incur ~$10 million of one-time costs $65 i

  25. Slide 25: Transitioning to Significant Cash Generation

    TRANSITIONING TO SIGNIFICANT CASH GENERATION Operating Cash Flow Capex % of Revenues Commentary ($ in millions) >$300 11%  Cash flow generation increasing as the business scales and capacity investment moderates 8%  FY27 capex steps down significantly as a percentage of sales, despite incremental

  26. Slide 26: Forgent Is a Year Ahead of Plan

    FORGENT IS A YEAR AHEAD OF PLAN Revenues Adjusted EBITDA(1) ($ in millions) ($ in millions) +$672M FY28 Revenue in +$131M the IPO Model $2,500 was ~$2.5B. $600 Achieving the midpoint of our FY27 revenue $469 $1,828 guidance will +$34M put us a full year (2) +$150M ahead of that $339 plan. $1,420 $1,

  27. Slide 27: Appendix

    APPENDIX @2026 Forgent. All rights reserved.

  28. Slide 28: Fiscal 2027 Modeling

    FISCAL 2027 MODELING Metric FY2027 Basis / Commentary GAAP tax rate(1) 21% – 22% Effective tax rate on GAAP pre-tax income Adjusted tax rate 23% – 24% Tax rate applicable to Adjusted Net Income & Adjusted EPS calculations Cash tax rate 13% – 16% Cash taxes as % of GAAP pre-tax income Tax distributio

  29. Slide 29: Adjusted EBITDA and Adjusted EBITDA Margin

    ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN Non-GAAP Financial Measures The table below reconciles Net Income (the most directly comparable GAAP measure) to Adjusted EBITDA (a non-GAAP measure) for the periods presented (in thousands): Three Months Three Months Year Ended Ended June 30 Ended March 31

  30. Slide 30: Adjusted Net Income

    ADJUSTED NET INCOME Non-GAAP Financial Measures The table below reconciles Net Income (the most directly comparable GAAP measure) to Adjusted Net Income (a non-GAAP measure) for the periods presented (in thousands): Three Months Year Ended Ended June 30 June 30 2026 2025 2026 2025 Net Income (Loss)

  31. Slide 31: Quarterly Adjusted Net Income

    QUARTERLY ADJUSTED NET INCOME Non-GAAP Financial Measures Amounts below reflect updated calculation methodology that assumes conversion of (and tax-affecting of) Class B shares. Adjusted EPS is calculated on this basis, dividing Adjusted Net Income by adjusted diluted weighted average shares outstan

  32. Slide 32: investors@forgent.com

    investors@forgent.com ©2026 Forgent. All rights reserved.

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