Filing Flows › Tenaris SA (TS) › Q2 2026 › vs Q2 2025
Tenaris SA (TS) Q2 2026 vs Q2 2025 (year over year)
Tenaris SA's revenue fell $119M (-4%) from $3.1B in Q2 2025 to $3.0B in Q2 2026. Gross margin 33.2% against 34.7% (-1.6 pts).
Tenaris SA, Q2 2026: revenue $3.0B (-4% year over year), operating margin 16.7%, net earnings $477M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 33.2% | 34.7% | -1.6 pts |
| Operating margin | 16.7% | 18.9% | -2.2 pts |
| Net margin | 16.1% | 17.2% | -1.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.0B | $3.1B | −$119M | -4% |
| Gross profit | $985M | $1.1B | −$87.4M | -8% |
| Cost of revenue | $2.0B | $2.0B | −$31.7M | -2% |
| Operating profit | $494M | $583M | −$88.7M | -15% |
| Operating expenses | $491M | $489M | $1.4M | +0.3% |
| Pre-tax earnings | $410M | $436M | −$26.2M | -6% |
| Other expense, net | $83.8M | $146M | −$62.6M | -43% |
| SG&A | $484M | $484M | $474K | +0.1% |
| Other operating costs | $6.6M | $5.7M | $885K | +16% |
| Income tax benefit | $81.9M | $105M | −$23.4M | -22% |
| Net earnings | $477M | $531M | −$54.2M | -10% |
| Minority interests | $15.0M | $10.4M | $4.6M | +44% |
Questions
How much did Tenaris SA's revenue grow year over year in Q2 2026?
Tenaris SA's revenue fell $119M (-4%) from $3.1B in Q2 2025 to $3.0B in Q2 2026. Gross margin 33.2% against 34.7% (-1.6 pts).