FORUM ENERGY TECHNOLOGIES, INC. (FET) Form 8-K — Jul 30, 2026

$FETForm 8-KItems 2.02, 9.01Filed Jul 30, 2026, 5:22 PM ET0001401257-26-000049Original filing

Forum Energy Technologies reported strong second quarter 2026 results, with revenue increasing 8% sequentially to $226 million and net income surging 176% to $12 million. Adjusted EBITDA rose 39% to $32 million, driven by margin expansion and higher demand in both the Drilling and Completions and Artificial Lift and Downhole segments. The company achieved a book-to-bill ratio of 104% and successfully reduced its net leverage ratio to 1.1 times during the quarter. Management highlighted a 13% sequential increase in market share and noted that free cash flow enabled share repurchases while strengthening the balance sheet.

Key figures

Eps: $1.05
Revenue: $226 million
Guidance: Full Year 2026 Revenue $870 to $910 million, Adjusted EBITDA $115 to $125 million, Adjusted Net Income $42 to $52 million
Net Income: $12 million
Adjusted Ebitda: $32 million
Shares Repurchased: $8 million
Book To Bill Ratio: 104%
Net Leverage Ratio: 1.1 times

Price after filing

1 day: -2.6%7 days: +41.7%30 days: +53.7%

Close on the filing date to close N calendar days later (from $52.45). Historical, not a forecast.

AI analysis

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $49/mo billed annually

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.