Filing Flows › Forum Energy Technologies (FET) › Q3 2026
Forum Energy Technologies (FET) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Forum Energy Technologies (FET) reported revenue of $237M for the third quarter 2026 (Q3 2026), +21% from a year earlier and +5% from the quarter before. Operating margin was 8.4%, net earnings $11.2M (4.7% of revenue).
Forum Energy Technologies, Q3 2026: revenue $237M (+21% year over year), operating margin 8.4%, net earnings $11.2M, operating cash flow $32.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $237M | +5% | +21% |
| Gross profit | $74.4M | +4% | +85% |
| Operating profit | $20.0M | -3% | — |
| Net earnings | $11.2M | -9% | — |
| Operating cash flow | $32.0M | +158% | +40% |
| Free cash flow | $30.3M | +219% | +41% |
What changed
Revenue was $236.8M in Q3 2026, up 21% year over year and up 5% from the previous quarter.
Gross margin was 31.4%, up 10.9 points from Q3 2025. Operating profit was $20.0M, a 8.4% margin (up 11.5 points year over year). Operating expenses grew 17% against revenue growth of 21%. Net earnings were $11.2M. The effective tax rate was 26.0%.
Operating cash flow was $32.0M (up 40% year over year), 285% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $11.0M. Capital expenditures of $1.7M left free cash flow of $30.3M.
Questions
What was Forum Energy Technologies' revenue in the third quarter 2026?
Forum Energy Technologies (FET) reported revenue of $237M for the third quarter 2026 (Q3 2026), +21% from a year earlier and +5% from the quarter before.
Was Forum Energy Technologies profitable in the third quarter 2026?
Operating profit was $20.0M (8.4% of revenue) and net earnings $11.2M.