Forgent (FPS) Q2-26 earnings: Hoarding factory workers & a 2.6x AI order boom

In its debut quarter as a public company, Forgent (FPS) intentionally took a margin hit to hoard factory workers and front-run a massive AI grid infrastructure boom in Q2 2026. In ~10 minutes:• Why the book-to-bill ratio just hit a staggering 2.6x.• The intentional $6M gross margin hit to pre-hire factory workers.• How Nvidia's power demands are driving a 1,600-amp retrofit cycle.• The 7x "pull-through" up-sell dominating custom system integrations.Wall Street usually panics at under-absorbed labor dragging down profit, but Forgent actively traded near-term margin this quarter to hire workers well ahead of capacity openings. By prioritizing lead-time destruction, they are expanding average customer spend 99% year-over-year and building a massive $1.5 billion backlog ⚡.Forgent Power Solutions (FPS) | Q2 FY2026AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.