Forum Energy Technologies (FET) reported second-quarter 2026 revenue of $226 million, up 8% sequentially. Net income was $12 million, and earnings per share were $1.05. Orders totaled $236 million, with a book-to-bill ratio of 104%.
The Houston-based company raised its full-year 2026 guidance and said adjusted EBITDA was $32 million, up 39% sequentially. FET also reported $8 million of share repurchases in the first half of 2026.
- Revenue: $226 million in the second quarter of 2026.
- Net income: $12 million, with earnings per share of $1.05.
- Orders: $236 million, with a 104% book-to-bill ratio.
- Segment revenue: Drilling and Completions revenue was $139 million, while Artificial Lift and Downhole revenue was $87 million.
- Guidance: Full-year 2026 revenue guidance was raised to a range of $870 million to $910 million.
- Conference call: FET will host its second-quarter earnings call on July 31, 2026.
$FET Insider Trading Activity
$FET insiders have traded $FET stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $FET stock by insiders over the last 6 months:
- JOHN C IVASCU (EVP, General Counsel & CCO) sold 4,392 shares for an estimated $263,563
- MICHAEL DEWAYNE DANFORD (SVP & CHO) sold 3,000 shares for an estimated $166,470
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$FET Hedge Fund Activity
We have seen 112 institutional investors add shares of $FET stock to their portfolio, and 50 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KEYFRAME CAPITAL PARTNERS, L.P. removed 578,449 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $33,931,818
- EMPLOYEES RETIREMENT SYSTEM OF TEXAS removed 441,787 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $25,915,225
- IES HOLDINGS, INC. removed 319,166 shares (-58.7%) from their portfolio in Q1 2026, for an estimated $18,722,277
- ACADIAN ASSET MANAGEMENT LLC added 197,118 shares (+96.7%) to their portfolio in Q1 2026, for an estimated $11,562,941
- TWO SIGMA INVESTMENTS, LP added 192,809 shares (+144.6%) to their portfolio in Q1 2026, for an estimated $11,310,175
- NUVEEN, LLC added 140,628 shares (+469.1%) to their portfolio in Q1 2026, for an estimated $8,249,238
- GOLDMAN SACHS GROUP INC added 131,350 shares (+160.6%) to their portfolio in Q1 2026, for an estimated $7,704,991
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
