Drilling Tools International Q2 FY26 net loss narrows to USD 1.8 million; revenue dips to USD 38.1 million

Reuters2026/08/06 21:14

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Drilling Tools International posted Q2 2026 revenue of USD 38.1 million; net loss attributable to shareholders narrowed to USD 1.8 million, or USD 0.05 a share.
Non-GAAP adjusted EBITDA slipped to USD 8.4 million from USD 9.3 million a year earlier; non-GAAP adjusted free cash flow rose to USD 4.1 million.
Tool rental revenue fell to USD 29.6 million from USD 32.8 million; product sales climbed to USD 8.5 million from USD 6.7 million.
Management flagged softer North American land activity and disruption in the Middle East, while citing rising U.S. and Canadian rig counts into late quarter.
DTI reaffirmed full-year guidance for revenue of USD 155 million to USD 170 million, adjusted EBITDA of USD 35 million to USD 45 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Drilling Tools International Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608061615PR_NEWS_USPR_____DA20407) on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Drilling Tools International Q2 FY26 net loss narrows to USD 1.8 million; revenue dips to USD 38.1 million

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