Innovex Q2 FY26 net income swings to profit of $25 million; revenue rises 9% year-over-year to $245 million

Reuters2026/08/03 20:46

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Innovex posted Q2 2026 revenue of $245 million, up 9% year-over-year; net income rose to $25 million from $15.35 million.
Profit swung to $0.36 per share from $0.22; operating cash flow fell to $37.03 million from $59.21 million.
Adjusted EBITDA (non-GAAP) edged up to $48 million from $46.64 million; free cash flow (non-GAAP) declined to $30.39 million from $51.91 million.
Quarter-end cash and cash equivalents climbed to $222.06 million from $68.78 million; long-term debt and finance lease obligations narrowed to $19.04 million from $34.78 million.
Outlook calls for Q3 revenue of $260-$270 million with adjusted EBITDA (non-GAAP) of $51-$57 million, including TCO contributions.

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. Innovex International Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260803958068) on August 03, 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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Innovex Q2 FY26 net income swings to profit of $25 million; revenue rises 9% year-over-year to $245 million

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