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Oceaneering International OII Q2 2026 earnings

Reported July 22, 2026 · After market close

Revenue$768.2MBeat by $32.5M
EPS$0.65Beat by $0.19
Revenue estimate$735.7M
EPS estimate$0.46
“We delivered a strong second quarter, with our consolidated adjusted EBITDA of $115 million exceeding the top end of our guidance. These positive results were driven by overperformance from our Offshore Projects Group (OPG), where favorable project mix and operational execution drove better-than-expected revenue and profitability. More broadly, our results demonstrate continued strength across our portfolio. All of our segments generated increased revenue and operating income, except for Integrity Management and Digital Solutions (IMDS), which was partially impacted by the ongoing Middle East conflict.”
Rod Larson

Next report

Oct 28, 2026 (in a month)
Revenue estimate$775.9M
EPS estimate$0.58

Financials

Q2 2026

Income statement

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Revenue$768.2M+10.0%
Gross profit$157.0M+5.8%
Operating income$88.2M+11.4%
Net income$65.0M+19.4%
EPS (diluted)$0.65+20.4%

Balance sheet

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Cash & equivalents$629.5M+45.0%
Total debt$822.2M+2.2%
Total equity$1.2B+38.3%
Total assets$2.7B+15.5%

Cash flow

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CapEx$23.2M-23.4%

Valuation & ratios

Valuation

as of 09/17/26
See full
Market cap$4.64B+90.8%
Enterprise value$4.83B+72.5%
P/E13.3×+1.2×
P/S1.6×+0.7×

Profitability

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Gross margin19.8%-0.3pp
Operating margin10.4%-0.5pp
Net margin12.2%+4.9pp

Returns & leverage

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Return on equity34.9%+7.8pp
Debt / equity0.7×-0.2×
Current ratio2.2×+0.2×

Segments

By segment

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Subsea Robotics Member$232.0M+6.0%
Offshore Projects Group$182.8M+22.5%
Manufactured Products Member$149.0M+2.7%
Aerospace and Defense Technologies Member$133.5M+21.8%
Integrity Managements & Digital Solutions Member$70.8M-6.0%

By geography

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Non-US$466.1M+21.2%
Africa$102.9M+5.7%
Asia Pacific$66.8M+10.6%
Other Geographical$37.4M+57.9%

FAQ

When did Oceaneering International report Q2 2026 earnings?
Oceaneering International (OII) reported Q2 2026 earnings on July 22, 2026 after market close.
What were Oceaneering International's Q2 2026 revenue and EPS?
Oceaneering International reported revenue of $768.2M and eps of $0.65 for Q2 2026.
Did Oceaneering International beat estimates in Q2 2026?
Revenue beat the consensus estimate of $735.7M by $32.5M. EPS beat the consensus estimate of $0.46 by $0.19.
How did Oceaneering International's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.0% from $698.2M a year earlier and eps grew 32.7% from $0.49.
Where can I find Oceaneering International's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000073756-26-000134) and the 10-Q periodic report (0000073756-26-000136) directly on SEC EDGAR. The filing index links above go to sec.gov.