Drilling Tools International Corp. (DTI) Earnings
Drilling Tools International Corp. is expected to report next earnings on August 12, 2026 (in NaN days), with a consensus EPS estimate of $-0.04. DTI has beaten EPS estimates in 4 of its last 7 reported quarters (average surprise +150.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 8, 2026 | $0.01 | $-0.03 | -400.0% | $38M | +0.4% |
| Mar 6, 2026 | $0.00 | $0.04 | +852.4% | $39M | +2.5% |
| Nov 6, 2025 | $-0.01 | $0.02 | +300.0% | $39M | +4.9% |
| Aug 13, 2025 | $0.04 | $-0.02 | -150.0% | $39M | +5.6% |
| Mar 13, 2025 | $0.01 | $0.02 | +100.0% | $40M | +2.2% |
| Nov 13, 2024 | $0.06 | $0.14 | +133.3% | $40M | +11.1% |
| May 9, 2024 | $0.15 | $0.13 | -13.3% | $37M | +0.3% |
| Nov 13, 2023 | — | $0.14 | — | $38M | — |
| Aug 14, 2023 | — | $0.05 | — | $41M | — |
| Sep 29, 2022 | — | $0.34 | — | $37M | — |
| May 16, 2022 | — | $-0.01 | — | — | — |
| Mar 24, 2022 | — | $-0.01 | — | — | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 8, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• First quarter results consistent with anticipated softer first half, with potential improvement in second half. • North American land activity flat to slightly down; earlier Canadian spring breakup compressed Q1 results but post-breakup rebound expected. • Middle East regional conflict caused operational disruption but demand for tools remains. • ClearPath stabilizer technology gaining traction, deep casing tools recovering. • Primary private equity sponsor completed share distribution, increasing public float and trading liquidity. • Board of directors refreshed, marking transition to independent public company.
Guidance
• Reaffirming 2026 guidance ranges: revenue $155 - $170 million, adjusted EBITDA $35 - $45 million, adjusted free cash flow $17 - $22 million. • Ranges reflect soft first half with improvement in second half. • Actively evaluating additional targeted investments for international growth, which may affect adjusted free cash flow range.
Segment performance
Total consolidated revenue was $38 million. Tool rental revenue was $28.9 million, product sales revenue was $9 million. Eastern hemisphere segment contribution is expected to grow as year progresses due to adoption of ClearPath technology, deep casing tools momentum, and rising drill and ream utilization in Middle East.
Risks & headwinds
• Various risks and uncertainties could cause actual results to differ from forward-looking statements. • Geopolitical instability in Middle East could continue to impact operations. • Pricing pressure in certain segments of rental fleet. • Supply and demand dynamics in the industry could affect performance.