In addition to the impressive revenue figures, Forgent reported a net loss of $0.1 million, a notable improvement from a loss of $6.5 million in the same quarter last year. Adjusted EBITDA for the quarter was $60 million, reflecting a 51% increase year-over-year. The company also highlighted an adjusted net income of $36 million, up 66% from the prior year.
Looking ahead, Forgent has provided guidance for the full fiscal year 2026, projecting revenues between $1,275 million and $1,325 million, which represents a 73% growth at the midpoint. The company anticipates adjusted EBITDA in the range of $300 million to $310 million, indicating an 80% increase year-over-year. Furthermore, adjusted net income is expected to fall between $190 million and $200 million, reflecting a 120% growth at the midpoint.
CEO Gary Niederpruem expressed optimism about the company's performance, stating, "Our second quarter growth in revenues, bookings, and backlog highlight the exceptional momentum we have across our business and reflects both market growth and share gains in all three of our primary end-markets. Demand for our products is exceeding our expectations, and it is clear that our unique value proposition of delivering customization-at-scale with some of the shortest lead times in our industry is resonating with customers."
The company will host a conference call on March 16, 2026, at 11:00 a.m. Eastern Time to discuss its fiscal second quarter 2026 financial results and outlook. Investors can access the live conference call via the Investor Relations section of Forgent's website.
