Forum Energy Technologies reports stronger-than-expected Q2 results, driven by 13.2% year-over-year revenue growth and higher orders.
Forum Energy Technologies posted Q2 non-GAAP EPS of $1.16, beating estimates by $0.60, as revenue rose 13.2% year-over-year to $226.22 million. The company exceeded revenue expectations by $13.87 million.
Orders reached $236 million, with a book-to-bill ratio of 104%, while adjusted EBITDA climbed 39% sequentially to $32 million. The results reflect improved demand in energy markets.
The company also updated its FY26 outlook, signaling confidence in sustained growth amid favorable sector conditions.