Filing Flows › Oceaneering International (OII) › Q3 2026 › vs Q2 2026
Oceaneering International (OII) Q3 2026 vs Q2 2026 (quarter over quarter)
Oceaneering International's revenue rose $16.4M (+2%) from $768M in Q2 2026 to $785M in Q3 2026. The biggest changes: Manufactured Products +$19.1M (+13%); Offshore Projects Group −$10.3M (-6%); Integrity Managements & Digital Solutions +$5.0M (+7%). Gross margin 21.0% against 20.4% (+0.5 pts).
Oceaneering International, Q3 2026: revenue $785M (+6% year over year), operating margin 11.7%, net earnings $52.6M, operating cash flow $163M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 21.0% | 20.4% | +0.5 pts |
| Operating margin | 11.7% | 11.5% | +0.3 pts |
| Net margin | 6.7% | 8.5% | -1.8 pts |
| Free cash flow margin | 18.1% | 4.2% | +13.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Subsea Robotics | $233M | $232M | $979K | +0.4% |
| Offshore Projects Group | $173M | $183M | −$10.3M | -6% |
| Manufactured Products | $168M | $149M | $19.1M | +13% |
| Aerospace and Defense Technologies | $135M | $133M | $1.6M | +1% |
| Integrity Managements & Digital Solutions | $75.8M | $70.8M | $5.0M | +7% |
| Revenue | $785M | $768M | $16.4M | +2% |
| Gross profit | $165M | $157M | $7.6M | +5% |
| Cost of revenue | $620M | $611M | $8.8M | +1% |
| Operating profit | $92.2M | $88.2M | $3.9M | +4% |
| Operating expenses | $72.4M | $68.7M | $3.7M | +5% |
| Pre-tax earnings | $69.1M | $86.1M | −$17.0M | -20% |
| Other expense, net | $23.1M | $2.2M | $20.9M | +969% |
| Loss borne by minority interests | $56K | $1.4M | −$1.4M | -96% |
| Net earnings | $52.6M | $65.0M | −$12.4M | -19% |
| Income tax | $16.5M | $22.5M | −$6.0M | -27% |
| Depreciation & amortization | $26.6M | $27.4M | −$851K | -3% |
| Share-based compensation | $5.3M | $5.2M | $58K | +1% |
| Working capital & other | $78.5M | −$42.5M | $121M | — |
| Operating cash flow | $163M | $55.2M | $108M | +195% |
| Free cash flow (OCF − capex) | $142M | $32.0M | $110M | +343% |
| Capital expenditures | $21.1M | $23.2M | −$2.1M | -9% |
Questions
How much did Oceaneering International's revenue grow quarter over quarter in Q3 2026?
Oceaneering International's revenue rose $16.4M (+2%) from $768M in Q2 2026 to $785M in Q3 2026.
What drove Oceaneering International's revenue change in Q3 2026?
Manufactured Products +$19.1M (+13%); Offshore Projects Group −$10.3M (-6%); Integrity Managements & Digital Solutions +$5.0M (+7%).