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Forum Energy Technologies FET Q1 2026 earnings

Reported April 30, 2026 · After market close

Revenue$208.7MBeat by $7.4M
EPS$0.47Beat by $0.03
Revenue estimate$201.3M
EPS estimate$0.44

Next report

Jul 30, 2026 (Today)
Revenue estimate$212.4M
EPS estimate$0.57

Financials

Q1 2026

Income statement

See full
Revenue$208.7M+8.0%
Gross profit$61.0M+4.5%
Operating income$11.0M+25.0%
Net income$4.5M+300%
EPS (diluted)$0.39+333%

Balance sheet

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Cash & equivalents$37.5M+20.4%
Total debt$240.2M-0.8%
Total equity$280.7M-12.3%
Total assets$763.1M-3.4%

Cash flow

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Operating cash flow$1.6M-82.6%
CapEx$256.0K-87.9%
Free cash flow$1.4M-81.0%

Valuation & ratios

Valuation

as of 07/29/26
See full
Market cap$639.82M+132%
Enterprise value$842.53M+74.3%
P/S0.8×+0.4×

Profitability

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Gross margin27.5%-3.5pp
Operating margin4%+2.3pp
FCF margin7.3%-3.8pp

Returns & leverage

See full
Debt / equity0.9×+0.1×
Current ratio2.2×-0.2×

Segments

By product

See full
Downhole$50.6M+6.1%
Subsea$35.5M+60.3%
Stimulation and Intervention$33.0M-11.7%
Drilling$32.7M+1.9%
Coiled Tubing$25.5M+6.6%

By geography

See full
Europe & Africa$29.0M+46.6%
Middle East$19.0M-3.1%
Asia-Pacific$13.0M+24.1%
Latin America$11.6M+44.2%

Versus estimates

Revenue

Q1 2026$208.7MBeat by $7.4M
Q4 2025$202.2MBeat by $11.7MQ3 2025$196.2MBeat by $5.7MQ2 2025$199.8MBeat by $9.4MQ1 2025$193.3MMiss by $3.2MQ4 2024$201.0MMiss by $6.7M

Diluted EPS

Q1 2026$0.47Beat by $0.03
Q4 2025$0.41Beat by $0.05Q3 2025$0.27Beat by $0.08Q2 2025-$0.10Miss by $0.25Q1 2025$0.04Miss by $0.39Q4 2024-$0.48Miss by $0.54

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Questions, answered.

When did Forum Energy Technologies report Q1 2026 earnings?
Forum Energy Technologies (FET) reported Q1 2026 earnings on April 30, 2026 after market close.
What were Forum Energy Technologies's Q1 2026 revenue and EPS?
Forum Energy Technologies reported revenue of $208.7M and eps of $0.47 for Q1 2026.
Did Forum Energy Technologies beat estimates in Q1 2026?
Revenue beat the consensus estimate of $201.3M by $7.4M. EPS beat the consensus estimate of $0.44 by $0.03.
How did Forum Energy Technologies's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.0% from $193.3M a year earlier and eps grew 1075.0% from $0.04.
Where can I find Forum Energy Technologies's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001401257-26-000030) and the 10-Q periodic report (0001401257-26-000034) directly on SEC EDGAR. The filing index links above go to sec.gov.