Tenda stock reports 30.1 percent revenue growth in Q2 2026

Published on 10/07/2026 at 06:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tenda stock's second-quarter gross margin reached 35.7 percent on June 30, 2026. A Salvador project carries BRL 500 million in estimated sales value and 1,143 apartments.

Tenda, BRTENDACNOR4, Illustration mit AI erstellt.

Tenda stock (ISIN BRTENDACNOR4) delivered BRL 1.290 billion in revenue in the second quarter of 2026, a 30.1 percent increase from BRL 991 million in Q2/2025. The result puts operating improvement at the center of the Brazilian homebuilder's investment story.

Revenue rises with margin expansion

According to Tradehunter, gross margin reached 35.7 percent in Q2/2026, compared with 29.8 percent in Q2/2025. Adjusted EBITDA was BRL 240 million in the quarter, versus BRL 132 million a year earlier, while reported net income was BRL 174.2 million.

The broader twelve-month picture through June 2026 shows revenue of BRL 4.792 billion and EBITDA of BRL 786 million. The company also carried 2026 guidance for consolidated net income of BRL 600 million to BRL 660 million and adjusted Tenda EBITDA of BRL 1.10 billion to BRL 1.20 billion, according to Tradehunter.

Faixa 4 adds a new growth lane

Tenda is also expanding within Brazil's Minha Casa, Minha Vida housing program. As Seu Dinheiro reported on October 1, 2026, the Aruna Patamares project in Salvador carries estimated sales value of BRL 500 million and includes 1,143 apartments. The project marks Tenda's first move into Faixa 4, a segment aimed at families with monthly income of up to BRL 13,000.

The mix shift has a measurable trade-off. Itaú BBA estimates that tighter Caixa financing conditions could reduce gross margin on new sales by 1 to 2 percentage points, compared with the 37.4 percent margin reported for the second quarter of 2026, as described by Seu Dinheiro.

Analysts see room above BRL 46

The consensus published by Investing.com is Strong Buy, based on 12 analysts, with 12 Buy ratings, 0 Hold ratings and 0 Sell ratings. The average 12-month target is BRL 46.54, with a high of BRL 58 and a low of BRL 33.

That average target lies 59.1 percent above the BRL 29.25 closing price on October 5, 2026. The comparison is a valuation signal rather than a guarantee, especially because the same operating risks that could trim margins also affect the pace of sales and cancellations.

Tenda stock stays below its yearly high

Tenda stock closed at BRL 29.25 on B3 on October 5, 2026, down 2.17 percent for the session. The price stood 22.9 percent below its 52-week high of BRL 37.94 and above the 52-week low of BRL 21.64.