Filing Flows › Transocean (RIG) › Q2 2026 › vs Q2 2025
Transocean (RIG) Q2 2026 vs Q2 2025 (year over year)
Transocean's revenue fell $22.0M (-2%) from $988M in Q2 2025 to $966M in Q2 2026. The biggest changes: Ultra-deepwater floaters −$76.0M (-11%); Harsh environment floaters +$54.0M (+19%). Operating margin 15.7% against -97.6% (+113.3 pts).
Transocean, Q2 2026: revenue $966M (-2% year over year), operating margin 15.7%, net earnings $170M, operating cash flow $236M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.7% | -97.6% | +113.3 pts |
| Net margin | 17.6% | -94.9% | +112.5 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Ultra-deepwater floaters | $623M | $699M | −$76.0M | -11% |
| Harsh environment floaters | $343M | $289M | $54.0M | +19% |
| Revenue | $966M | $988M | −$22.0M | -2% |
| Other income, net | $32.0M | −$129M | $161M | — |
| Operating profit | $152M | −$964M | $1.1B | — |
| Costs & expenses | $814M | $2.0B | −$1.1B | -58% |
| Pre-tax earnings | $184M | −$1.1B | $1.3B | — |
| Cost of revenue | $608M | $599M | $9.0M | +2% |
| General & admin | $56.0M | $49.0M | $7.0M | +14% |
| Other operating costs | $150M | $1.3B | −$1.2B | -88% |
| Net earnings | $170M | −$938M | $1.1B | — |
| Income tax | $14.0M | −$155M | $169M | — |
| Depreciation & amortization | $148M | $175M | −$27.0M | -15% |
| Share-based compensation | $7.0M | $8.0M | −$1.0M | -12% |
| Working capital & other | $89.0M | −$883M | $972M | — |
| Operating cash flow | $236M | $128M | $108M | +84% |
Questions
How much did Transocean's revenue grow year over year in Q2 2026?
Transocean's revenue fell $22.0M (-2%) from $988M in Q2 2025 to $966M in Q2 2026.
What drove Transocean's revenue change in Q2 2026?
Ultra-deepwater floaters −$76.0M (-11%); Harsh environment floaters +$54.0M (+19%).