Forum Energy beats Q2 estimates and raises full-year 2026 guidance

Earnings
โดย Seeking Alpha·Read original
Summary · why it matters

Forum Energy Technologies reported second-quarter 2026 results that exceeded analyst expectations and raised its full-year outlook. Non-GAAP earnings per share came in at $1.16, beating the consensus estimate by $0.60, while revenue of $226.22 million, a 13.2% year-over-year increase, topped forecasts by $13.87 million. Orders reached $236 million, yielding a book-to-bill ratio of 104%, and adjusted EBITDA rose 39% sequentially to $32 million. For the third quarter, the company guided revenue between $225 million and $245 million and adjusted EBITDA of $31 million to $37 million. Full-year 2026 guidance was lifted across all metrics, with revenue now expected in the range of $870 million to $910 million, adjusted EBITDA of $115 million to $125 million, and adjusted net income of $42 million to $52 million.

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