Forgent Power Solutions, Inc. (FPS) soared 7.58% in pre-market trading on Thursday.
The significant surge followed the company's release of its third quarter 2026 results, which highlighted record orders, a growing backlog, and sequential margin expansion. Based on these strong operational metrics, the company raised its fiscal 2026 guidance.
The positive earnings report was delivered before the market opened, as scheduled in the weekly earnings calendar where analysts had expected the company to report earnings of $0.16 per share for the quarter.