Oceaneering International (OII)
NYSE:OII
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.46Last Year’s EPS
0.49Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: revenue growth, strong order intake (~$1B) and technology/product milestones provide meaningful forward visibility and support the reaffirmed full-year guidance. However, material declines in operating income, net income and adjusted EBITDA, negative free cash flow in the quarter, SSR margin pressure from lower utilization and regional mix shifts, and an accrual in Ad Tech temper near-term results. Management expects sequential improvement in Q2 and a stronger second half driven by seasonality, backlog conversion and recent contract awards, which supports a cautiously constructive outlook despite current profitability challenges.Company Guidance
Consolidated Revenue Growth
Consolidated revenue of $692 million in Q1 2026, up 3% year-over-year, driven by increases in SSR, Manufactured Products and Ad Tech.
Strong Order Intake and Backlog Visibility
Q1 order intake of approximately $1.0 billion (one of the strongest since 2020) with SSR awards of about $300 million (some awards extending to 2031), providing multi-year visibility and a constructive book-to-bill.
ROV Pricing and Revenue per Day Improvement
Average ROV revenue per day utilized increased to $12,401 from $10,788 (Q1 YoY improvement). Management expects full-year average ROV revenue per day to exceed 2025 levels despite some Q1 non-repeatable items.
Product & Technology Milestones
Introduced Momentum next-generation electric work-class ROV and continued development of the Freedom autonomous platform (one commercial unit operating in West Africa; DIU testing/demo planned), highlighting investment in dual-use technology.
Ad Tech Momentum and Contract Wins
Ad Tech added approximately $175 million in new contract awards; Q1 Ad Tech revenue increased to $131 million with higher volumes in OTech and MSD, and government funding actions improving program visibility.
Manufactured Products Improvement
Manufactured Products revenue increased 6% YoY; operating income $26.1 million (18% of revenue) and operating income improved ~37% excluding a prior-year reserve. Rotator valves business performed strongly and won its largest-ever contract.
Solid Liquidity Position
Cash balance of $607 million and $215 million available under secured revolver, totaling $822 million liquidity. Free cash flow improved versus prior year (negative $76.5 million, a $30 million improvement vs Q1 2025).
OII Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OII Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $38.01 | $37.35 | -1.74% |
Feb 18, 2026 | $33.09 | $36.18 | +9.34% |
Oct 22, 2025 | $24.70 | $23.80 | -3.64% |
Jul 23, 2025 | $22.43 | $23.95 | +6.78% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Oceaneering International (OII) report earnings?
Oceaneering International (OII) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is Oceaneering International (OII) earnings time?
Oceaneering International (OII) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OII EPS forecast?
OII EPS forecast for the fiscal quarter 2026 (Q2) is 0.46.