Tenaris stock reports Q2 profit beat as revenue falls

Published on 10/04/2026 at 21:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tenaris stock stood at USD 55.99 on October 2, 2026, while Q2 EPS reached USD 0.95 versus USD 0.79 consensus. Revenue fell 3.9 percent to USD 2.967 billion.

TS, US88031M1099, Illustration mit AI erstellt.

Tenaris stock (ISIN US88031M1099) was last at USD 55.99 on the NYSE on October 2, 2026 at 4:00 p.m. ET, up 0.61 percent for the session. The company delivered USD 0.95 in second-quarter earnings per share against USD 0.79 consensus, while revenue fell 3.9 percent year over year to USD 2.967 billion, according to MarketBeat on September 20, 2026.

Revenue pressure meets profit beat

The second-quarter revenue decline reflected weaker shipments and disruption around the Strait of Hormuz. SteelRadar reported on September 7, 2026, that second-quarter EBITDA fell 11 percent year over year to USD 649 million and that the EBITDA margin declined from 23.7 percent to 21.9 percent.

The first-half picture was steadier: sales increased 1 percent year over year to USD 6.067 billion, while EBITDA decreased 3 percent to USD 1.385 billion. Pipe products generated USD 5.734 billion, or 95 percent of first-half sales, and total pipe shipments declined 1 percent to 1.942 million tonnes, according to SteelRadar.

Analysts see limited upside

MarketBeat reported on September 20, 2026, that 10 brokerages assigned Tenaris a Hold consensus, with six Hold ratings and four Buy ratings. The average 12-month price target was USD 62.45, placing it 11.54 percent above the October 2 price of USD 55.99.

The mixed rating reflects the gap between earnings quality and sales momentum. Tenaris exceeded the quarterly EPS consensus by USD 0.16, but its revenue contraction and lower EBITDA margin show why the market remains focused on shipment timing and cost absorption.

Third-quarter date is set

Tenaris investor materials list November 4, 2026, for the 2026 third-quarter results and November 5, 2026, for the conference call, per the company's investor page. That schedule gives investors a defined checkpoint for whether revenue and margins begin to improve after the second-quarter disruption.

Tenaris stock remained 13.33 percent below its 52-week high of USD 64.60 on October 2, 2026. The 52-week low was USD 33.65, while trading volume reached 984,450 shares and market capitalization stood at USD 30.0 billion.