Forum Energy Technologies Reports Strong Q3 2026 Results and Raises Full-Year Guidance
Forum Energy Technologies (FET) delivered robust third-quarter 2026 financial results, characterized by a 21% year-over-year revenue increase to $237 million. The company saw significant growth across its Drilling and Completions and Artificial Lift segments, bolstered by international expansion—particularly in the Middle East—and the strategic acquisition of Premier TorqueRings. Driven by strong operating leverage and market share gains, management raised its full-year 2026 guidance for both revenue and adjusted EBITDA. While higher freight and tariff costs impacted margins in certain segments, the company maintains a healthy balance sheet with reduced net debt and a focus on its 'FET 2030' strategic plan to scale profitability.
Tickers: $FET
Topics: Acquisition EBITDA EPS Guidance Upgrade International Expansion Revenue Growth