Forum Energy Tech

Q3 FY2026 EarningsQ3 FY26 beat consensus across top and bottom-line metrics: revenue $236.8M vs. $233.4M expected, and normalized EPS $0.93 vs. $1.22 expected (noting GAAP EPS of $0.93 vs $1.16 expected). Gross margin was a significant standout at 31.4% vs. 31.0% expected. The Drilling and Completions segment led the beat with 25.3% YoY revenue growth, while the Artificial Lift and Downhole segment benefited from the PTR acquisition. Free cash flow of $41.2M materially outperformed the $23.1M mean expectation.