Tennant cuts 2026 profit outlook: Argus targets Tennant Company stock at USD 63.00

Published on 10/20/2026 at 13:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tennant lowered its 2026 profit outlook on October 9, 2026 as robotics revenue rose 37 percent. TNC stock costs EUR 57.53 today.

Profit outlook under pressure

Tennant lowered its adjusted EBITDA outlook to USD 155 million-170 million on October 9, 2026.
Robotics revenue reached USD 31 million in the second quarter of 2026, up 37 percent year over year.
Tennant Company stock trades at EUR 57.53 at 1:37 p.m. CEST at Lang & Schwarz on October 20, 2026.

TNC, US8803451033, Illustration mit AI erstellt.

Tennant Company (ISIN US8803451033) was trading at EUR 57.53 at Lang & Schwarz on October 20, 2026 at 1:37 p.m. CEST. The latest earnings update cut the company's adjusted EBITDA outlook while robotics sales continued to expand.

On October 9, 2026, Benzinga reported that Tennant raised its full-year 2026 sales outlook to USD 1.27 billion-1.31 billion but lowered adjusted EBITDA guidance to USD 155 million-170 million from USD 175 million-190 million. Adjusted diluted earnings per share guidance fell to USD 3.80-4.45 from USD 4.70-5.30.

Robotics grows despite margin pressure

The second-quarter results showed a sharp split between demand and profitability. Revenue reached USD 324.0 million in the second quarter of 2026, up 1.7 percent from the prior-year period, while GAAP net income was USD 7.6 million. Adjusted EBITDA fell to USD 35.3 million from USD 51.0 million, and the adjusted EBITDA margin declined to 10.9 percent from 16.0 percent, according to the Benzinga transcript.

Robotics was the counterweight. Tennant said autonomous mobile robot sales reached USD 31.0 million in the second quarter of 2026, up 37 percent year over year. Orders totaled USD 339.0 million, up 6.6 percent, while backlog rose to USD 127.0 million, giving the company a measurable demand pipeline as supply and enterprise resource planning costs weigh on margins.

What comes next for earnings

Three dated developments frame the stock's current setup: robotics revenue reached USD 31.0 million on September 23, 2026, the company cut adjusted EBITDA guidance to USD 155 million-170 million on October 9, 2026, and Argus cut its target for Tennant Company stock to USD 63.00 on October 14, 2026, as shown on the company's topic page and reported by Yahoo Finance.

The next two dated events are the expected third-quarter results announcement on November 2, 2026, after the market closes, followed by the earnings conference call on November 3, 2026, at 10:00 a.m. ET, according to MarketBeat. That report should show whether backlog conversion and robotics growth can offset the delayed efficiency gains.

Trading context for TNC

Tennant's primary listing is on the NYSE, where the stock was last at USD 64.57 on October 19, 2026 at 4:00 p.m. ET. Its 52-week range was USD 60.18-91.93, and its market capitalization was USD 1.1 billion as of October 19, 2026. The euro quotation stood at EUR 57.53 at Lang & Schwarz on October 20, 2026 at 1:37 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Tennant Company stock.