FET Q1 revenue $209M, adj. EBITDA $23M; raises FY 2026 adj. EBITDA guidance to $95–110M

FORUM ENERGY TECHNOLOGIES, INC.

2026-Q1 EPS reported $0.39 vs consensus $0.44 ▼ miss (-12.2%)

Revenue $209M, net income $4M ($0.39 diluted); adjusted net income $6M ($0.47 adjusted diluted EPS).
Adjusted EBITDA of $23M up 14% YoY; orders $221M, book-to-bill 106%.
Full-year 2026 adjusted EBITDA guidance raised to $95–110M (midpoint $103M), representing ~20% YoY growth.
Drilling & Completions segment adj. EBITDA $13M (+6% QoQ); Artificial Lift & Downhole revenue $82M (+9% QoQ).
$5M returned to shareholders via share repurchases in Q1.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FORUM ENERGY TECHNOLOGIES, INC. reported first quarter 2026 results: revenue $209 million, net income $4 million or $0.39 per diluted share, EPS $0.39 per diluted share. Guidance raised.

Period: first quarter 2026
Revenue: $209 million
Net income: $4 million or $0.39 per diluted share
EPS: $0.39 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2026 revenue of $209 million and net income of $4 million or $0.39 per diluted share.

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Source: SEC EDGAR

accession 0001401257-26-000030

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