Quarterly ResultAug 6, 2026, 04:34 PM
Drilling Tools Q2 Revenue $38.1M; Reaffirms FY26 Outlook
AI Summary
Drilling Tools International Corp. reported Q2 2026 financial results, with total revenue of $38.072 million and a net loss of $(1.792) million. Adjusted EBITDA for the quarter was $8.358 million, while Adjusted Free Cash Flow increased to $4.129 million. The company reaffirmed its full-year 2026 guidance, projecting revenue between $155 million and $170 million, Adjusted EBITDA between $35 million and $45 million, and Adjusted Free Cash Flow between $17 million and $22 million. DTI highlighted its global expansion, with Eastern Hemisphere revenue growing to approximately 18% of total revenue, and the successful integration of four strategic acquisitions since June 2023.
Key Highlights
- Q2 2026 total revenue was $38.072 million, down from $39.421 million in Q2 2025.
- Q2 2026 net loss improved to $(1.792) million from $(2.407) million in Q2 2025.
- Q2 2026 Adjusted EBITDA was $8.358 million, compared to $9.332 million in Q2 2025.
- Q2 2026 Adjusted Free Cash Flow increased to $4.129 million from $1.781 million in Q2 2025.
- Reaffirmed FY 2026 revenue guidance between $155 million and $170 million.
- Reaffirmed FY 2026 Adjusted EBITDA guidance between $35 million and $45 million.
- Reaffirmed FY 2026 Adjusted Free Cash Flow guidance between $17 million and $22 million.
- Eastern Hemisphere revenue grew to approximately 18% of total revenue in Q2 2026.
Price Impact
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