Filing Flows › Oil States International (OIS) › Q2 2026
Oil States International (OIS) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Oil States International (OIS) reported revenue of $157M for the second quarter 2026 (Q2 2026), -5% from a year earlier and +8% from the quarter before. Operating margin was 7.5%, net earnings $5.9M (3.8% of revenue).
Oil States International, Q2 2026: revenue $157M (-5% year over year), operating margin 7.5%, net earnings $5.9M, operating cash flow −$6.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $157M | +8% | -5% |
| Operating profit | $11.7M | +174% | +122% |
| Net earnings | $5.9M | +433% | +110% |
| Operating cash flow | −$6.3M | — | -142% |
What changed
Revenue was $156.7M in Q2 2026, down 5% year over year and up 8% from the previous quarter. Offshore Manufactured Products was the largest line at 59% of revenue. Offshore Manufactured Products lost $13.9M year over year (down 13%), 158% of the total change.
Operating profit was $11.7M, a 7.5% margin (up 4.3 points year over year). Total costs fell 9% while revenue fell 5%. Net earnings were $5.9M, up 110% year over year. The effective tax rate was 25.4%.
Operating cash flow was −$6.3M. Non-cash charges added back $8.1M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $23.3M. Capital expenditures of $2.9M exceeded it, leaving free cash flow of −$9.2M.
Questions
What was Oil States International's revenue in the second quarter 2026?
Oil States International (OIS) reported revenue of $157M for the second quarter 2026 (Q2 2026), -5% from a year earlier and +8% from the quarter before.
Was Oil States International profitable in the second quarter 2026?
Operating profit was $11.7M (7.5% of revenue) and net earnings $5.9M.