FORUM ENERGY TECHNOLOGIES, INC. Q2 2026: Revenue $226.2M, EPS $1.05— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Forum Energy Technologies reported Q2 2026 revenue of $226.2M and diluted EPS of $1.05, up 13.2% and 72.1% year-over-year respectively. Net income rose to $12.4M, driven by strong sales in Drilling & Completions and Artificial Lift segments. Improved margins resulted from cost savings and operating leverage, with management citing sustained demand for efficiency technologies despite geopolitical volatility.
Forum Energy Technologies, Inc. reported second-quarter 2026 results with revenue of $226.2M and diluted EPS of $1.05, driven by higher sales across Drilling & Completions and Artificial Lift and resulting in stronger net income versus the prior-year quarter.
Financial Highlights
- Revenue was $226.2M, compared with $199.8M in the prior-year quarter; YoY change 13.2%.
- Net income was $12.4M, compared with $7.7M in the prior-year quarter; YoY change 61.1%.
- Diluted EPS was $1.05, compared with $0.61 in the prior-year quarter; YoY change 72.1%.
Business Highlights
- Total revenue rose 13.2% quarter over quarter and 10.7% year-to-date, led by Drilling & Completions and Artificial Lift segments.
- Consumables and activity-based products accounted for roughly 75% of H1 revenue, supporting recurring demand versus capital products.
- Strong sales of ROVs, wireline cable, coiled tubing, sand/flow control and valves helped lift segment performance and margins.
- Improved margins reflected cost savings, facility consolidation and operating leverage that increased segment operating income and profitability.
- Management noted that geopolitical-driven commodity volatility and disciplined customer spending should sustain demand for efficiency and emissions‑reducing technologies.
Original SEC Filing: FORUM ENERGY TECHNOLOGIES, INC. [ FET ] - 10-Q - Jul. 31, 2026