NCS Multistage

Q2 FY2026 EarningsQ2 FY26 results were mixed relative to consensus, with revenue of $38.4M slightly beating the $37.6M expectation (+2.03%). However, the bottom line missed significantly, reporting a GAAP EPS loss of -$1.71 vs. the expected -$0.88, primarily due to $2.7M in transaction costs related to the pending merger with Weatherford. Gross margin of 34.2% fell short of the 36.3% consensus (-2.10pct). Despite the earnings miss, the business remains overshadowed by the definitive merger agreement to be acquired by Weatherford, expected to close in H2 2026.