Cactus Q2 FY26 net income rises 25.8% to $61.38 million; revenue climbs 15.8% to $449.53 million
Reuters2026/07/29 21:22- Cactus posted Q2 2026 revenue of USD 449.5 million, up 16.00% sequentially, with operating income rising 68.84% to USD 83.6 million.
- Net income climbed 52.60% from Q1 to USD 61.4 million, lifting diluted earnings per Class A share to USD 0.70.
- Adjusted EBITDA, a non-GAAP measure, increased 32.72% sequentially to USD 132.8 million; adjusted EBITDA margin widened to 29.5% from 25.8%.
- Pressure Control revenue rose 14.60% sequentially to USD 344 million, driven primarily by increased revenues in the Middle East.
- Spoolable Technologies revenue increased 17.40% sequentially to USD 105.5 million on higher domestic activity; Q3 revenue seen down slightly sequentially.
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.
You may also like
EdiliziAcrobatica announces shareholder meeting notice
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Crypto prices
More
