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TIC Solutions (TIC) Q2 2026 earnings results (second quarter 2026)

10-Q filed Aug 6, 2026

TIC Solutions (TIC) reported revenue of $584M for the second quarter 2026 (Q2 2026), +86% from a year earlier and +20% from the quarter before. Operating margin was 1.9%, net loss $13.3M (2.3% of revenue).

Revenue$584M
Year over year+86%
Quarter over quarter+20%
Operating margin1.9%
Net earnings−$13.3M

TIC Solutions, Q2 2026: revenue $584M (+86% year over year), operating margin 1.9%, net loss $13.3M, operating cash flow −$9.8M. The chart follows the revenue to costs, profit and cash.

Q2 2026AmountQ/QY/Y
Revenue$584M+20%+86%
Operating profit$10.8M—-41%
Net earnings−$13.3M——
Operating cash flow−$9.8M-198%—

What changed

Revenue was $584.3M in Q2 2026, up 86% year over year and up 20% from the previous quarter.

Gross margin was 34.9%, up 11.3 points from Q2 2025. Operating profit was $10.8M, a 1.9% margin (down 4.0 points year over year). Operating profit fell $7.5M even though revenue rose $270.4M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 247% against revenue growth of 86%. The quarter ended with a net loss of $13.3M, narrower than the previous quarter's $41.5M loss. Net interest and other expense of $27.4M was the main reason.

Operating cash flow was −$9.8M. Non-cash charges added back $60.4M of depreciation and amortization and $11.3M of share-based compensation. Working capital and other items used $68.2M. Capital expenditures of $19.7M exceeded it, leaving free cash flow of −$29.5M.

Questions

What was TIC Solutions' revenue in the second quarter 2026?

TIC Solutions (TIC) reported revenue of $584M for the second quarter 2026 (Q2 2026), +86% from a year earlier and +20% from the quarter before.

Was TIC Solutions profitable in the second quarter 2026?

Operating profit was $10.8M (1.9% of revenue) and net loss $13.3M.

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Source: TIC Solutions 10-Q on SEC EDGAR.