Forum Energy Technologies (FET) Reports 8% Revenue Growth in Q1
Forum Energy Technologies, Inc. reported an 8% revenue growth for Q1 2026, with total revenue reaching $209 million. The company also noted a significant increase in orders, raising its backlog by 44% compared to the previous year. Despite regional conflicts, FET anticipates a positive long-term outlook driven by rising commodity prices and increased spending in the oil and gas sector.
- ▪Forum Energy Technologies, Inc. reported a net income of $4 million for Q1 2026.
- ▪The company's adjusted EBITDA rose 14% year-over-year to $23 million.
- ▪FET's orders reached $221 million, resulting in a book-to-bill ratio of 106%.
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| Original publisher | Yahoo Finance |
| Canonical URL | https://finance.yahoo.com/markets/stocks/articles/forum-energy-technologies-fet-reports-121627842.html |
| Publication time | 2026-05-23T12:16:27Z |
| Retrieval time | 2026-05-23T12:37:26.700Z |
| Last seen | 2026-05-23T12:37:30.746Z |
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Forum Energy Technologies (FET) Reports 8% Revenue Growth in Q1 Noor Ul Ain Rehman Sat, May 23, 2026 at 5:16 AM PDT 2 min read FET -2.39% Trade FET on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. Learn more Forum Energy Technologies, Inc. (NYSE:FET) is one of the best oversold growth stocks to invest in now. In its financial results for fiscal Q1 2026 announced on April 30, Forum Energy Technologies, Inc. (NYSE:FET) reported revenue of $209 million and net income of $4 million or $0.39 per diluted share.
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