Let $(R,\frak m)$ be a generalized Cohen-Macaulay local ring of prime characteristic $p$. In this paper we give a sharp bound for the Frobenius test exponent of parameter ideals. Namely, we prove that $$\mathrm{Fte}(R) \le \lceil \log_p(2n_0)\rceil + \mathrm{HSL}(R),$$ where $n_0$ is the integer such that $\frak m^{n_0} \, H^i_{\frak m}(R) = 0$ for all $i < \mathrm{dim}(R)$, and $\lceil x\rceil$ is the smallest integer that is greater than or equal to $x$.