Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

FET earnings analysis

Filed May 1, 2026 · Our reading of the company's report

The latest report

Forum Energy Technologies, Inc. (FET) reported a robust Q1 2026 performance, achieving $208.7 million in revenue, an 8.0% increase from the previous year alongside a diluted EPS of $0.47, surpassing analysts'…

Read full summary

Forum Energy Technologies, Inc. (FET) reported a robust Q1 2026 performance, achieving $208.7 million in revenue, an 8.0% increase from the previous year alongside a diluted EPS of $0.47, surpassing analysts' expectations. The company's strong results are attributed to growth in both major segments, particularly in the Artificial Lift and Downhole segment, which saw a 5.5% revenue rise fueled by improved product demand, despite slight headwinds in operational costs.

Read the original on SEC.gov

Where revenue came from

The business segments reported by the company.

Drilling and Completions 60.7% Artificial Lift and Downhole 39.3%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$0.47
Operating margin
5.3%

What stood out

  • Revenue Growth of 8%

    FET's revenue reached $208.7 million, up $15.4 million from $193.3 million in Q1 2025.

  • EPS Beat by $0.03

    Diluted EPS for Q1 2026 was $0.47, beating expectations of $0.44.

  • Strong Segment Performance

    The Drilling and Completions segment grew 9.7% to $126.7 million while Artificial Lift and Downhole rose 5.5% to $82.1 million.

  • Net Income Tripled Year-over-Year

    Net income increased to $4.5 million from $1.1 million in Q1 2025, a 300.4% rise.

  • Operational Efficiency Improvements

    Despite increased performance-based compensations, operating income rose 25% to $11 million.

  • Reduced Interest Expenses

    Interest expense decreased by $0.8 million to $4.1 million compared to Q1 2025.

What to watch

  • Increased Operational Costs

    Operating costs are impacted by bad debt expenses totaling approximately $3.0 million.

  • Market Volatility Risks

    Geopolitical factors have introduced uncertainty into global energy markets, affecting forecasted demand.

  • Demand Fluctuations

    Lower consumer demand for casing equipment in the Middle East could impact future revenue growth.

Management's outlook

Adjusted EBITDA guidance increased to $95 - $110 million for full year 2026.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.