Short answer
FORUM ENERGY TECHNOLOGIES, INC. (FET) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $209M (up 8.0% year over year) with net income of $4M.
Q1 2026 key financials · XBRL
- Revenue
- $209M
- +8.0% YoY
- Net income
- $4M
- +300.4% YoY
- Operating margin
- 5.3%
- Gross margin
- 29.2%
- EPS (diluted)
- $0.39
- +333.3% YoY
Source: XBRL data from the FORUM ENERGY TECHNOLOGIES, INC. (FET) Q1 2026 10-Q on SEC EDGAR. USD.
FORUM ENERGY TECHNOLOGIES, INC. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $208.7M, up 8.0% YoY from $193.3M
- Artificial Lift and Downhole revenue $82.1M, up 5.5%; operating margin 14.1% vs 9.4%
- Drilling and Completions revenue $126.7M, up 9.7%; operating margin 7.0% vs 8.1%
- Operating margin 5.3% vs 4.6%; net income $4.5M vs $1.1M
- Operating cash flow $1.6M vs $9.3M; cash $37.5M and stock repurchases $4.6M
- Outlook: customer capital discipline amid geopolitical, tariff and macroeconomic uncertainty; 2026 capital expenditures below $10.0M
Risk Factors
- No risk-factors discussion provided; excerpt contains Items 2–6 rather than Item 1A
- Liquidity risk: $36.1 million remaining under the December 2024 share-repurchase authorization
- Capital-allocation risk: $4.6 million spent repurchasing 0.1 million shares during the quarter
- Compliance risk: Chief Compliance Officer adopted a Rule 10b5-1 plan covering up to 20,000 shares through December 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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