Forum Energy Tech

Q2 FY2026 EarningsQ2 FY26 results significantly beat consensus across all profitability metrics, despite a narrow revenue beat of $226.2M vs. $212.4M expected. Adjusted EPS of $1.05 and GAAP EPS of $1.05 were more than double the consensus of $0.565 and $0.46, respectively, driven by a strong 31.5% gross margin (exceeding the 30.3% mean) and effective cost savings. The Drilling and Completions segment was the primary growth driver with an 18.6% YoY revenue increase, while management reduced full-year CapEx guidance to under $10M, supporting free cash flow generation.