
Forum Energy Technologies raised its full year 2026 adjusted EBITDA guidance range to $95-$110M, with the mid-point increased to $103M, representing a 20% increase over 2025 results.
Bullish
Forum Energy Technologies achieved strong orders and backlog growth, with revenue and adjusted EBITDA increasing year-over-year, driven by its "Beat the Market" strategy and expectations for elevated commodity prices.
Bearish
Forum Energy Technologies noted regional hardships from the Middle East conflict and conservatively assumes a flat market; Artificial Lift and Downhole EBITDA was relatively flat due to unfavorable product mix.