Filing Flows › Forum Energy Technologies (FET) › Q2 2026
Forum Energy Technologies (FET) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Forum Energy Technologies (FET) reported revenue of $226M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +8% from the quarter before. Operating margin was 9.1%, net earnings $12.4M (5.5% of revenue).
Forum Energy Technologies, Q2 2026: revenue $226M (+13% year over year), operating margin 9.1%, net earnings $12.4M, operating cash flow $12.4M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $226M | +8% | +13% |
| Gross profit | $71.4M | +17% | +20% |
| Operating profit | $20.5M | +86% | +40% |
| Net earnings | $12.4M | +176% | +61% |
| Operating cash flow | $12.4M | +664% | -21% |
| Free cash flow | $9.5M | +593% | -36% |
What changed
Revenue was $226.2M in Q2 2026, up 13% year over year and up 8% from the previous quarter.
Gross margin was 31.5%, up 1.8 points from Q2 2025. Operating profit was $20.5M, a 9.1% margin (up 1.7 points year over year). Of the extra revenue versus Q2 2025, 22% reached operating profit, above the 7% margin then. Operating expenses grew 14% against revenue growth of 13%. Net earnings were $12.4M, up 61% year over year. The effective tax rate was 22.5%.
Operating cash flow was $12.4M (down 21% year over year), 100% of net earnings. Non-cash charges added back $7.5M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $10.1M. Capital expenditures of $2.9M left free cash flow of $9.5M.
Questions
What was Forum Energy Technologies' revenue in the second quarter 2026?
Forum Energy Technologies (FET) reported revenue of $226M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +8% from the quarter before.
Was Forum Energy Technologies profitable in the second quarter 2026?
Operating profit was $20.5M (9.1% of revenue) and net earnings $12.4M.