Forum Energy Technologies, Inc. (FET) Q3 FY2026 earnings

Reported results

• GAAP revenue was $236,813 thousand for the third quarter 2026, compared to $196,231 thousand in the third quarter 2025.
• GAAP net income was $11,230 thousand, or $0.93 per diluted share.
• Non-GAAP adjusted net income was $18,209 thousand, or $1.51 per adjusted diluted share.
• Non-GAAP Adjusted EBITDA was $36,019 thousand for the quarter.
• GAAP net cash provided by operating activities was $32,031 thousand.
• Non-GAAP free cash flow, before acquisitions was $30,333 thousand.

Guidance

• Fourth Quarter 2026 Guidance: Revenue of $230 to $250 million, non-GAAP Adjusted EBITDA of $33 to $39 million, non-GAAP Adjusted Net Income of $15 to $21 million, and non-GAAP Free Cash Flow of $25 to $30 million.
• Full Year 2026 Guidance: Revenue of $900 to $920 million, non-GAAP Adjusted EBITDA of $123 to $129 million, non-GAAP Adjusted Net Income of $52 to $58 million, and non-GAAP Free Cash Flow of $66 to $71 million.

Price and volatility reaction

The stock moved -4.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -5.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-29 (8-K, Item 2.02). Read the original filing on sec.gov.