Tenaris 2Q FY26 shareholders’ net income drops 10% to $477 million; net sales fall 4% to $2.97 billion vs 2Q FY25

Reuters2026/08/05 22:28

By:Reuters

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Tenaris posted 2Q 2026 net income of USD 492 million, down 13% from 1Q 2026 on lower operating results.
Net sales slipped 4% from 1Q 2026 to USD 2.97 billion as Middle East shipments were postponed amid the strait of Hormuz disruption.
IFRS operating income fell 15% from 1Q 2026 to USD 494 million; EBITDA (non-IFRS) declined 12% to USD 649 million, margin narrowed 1.8 percentage points to 21.9%.
Free cash flow (non-IFRS) totaled USD 396 million; net cash position stood at USD 3.6 billion at June 30, 2026.
Sees second-half sales and EBITDA broadly in line with the first half, with 3Q hit by seasonality and 4Q supported by higher prices and volumes.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tenaris SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608051700OMX_____CNEWS_EN_GNW9804648_en) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tenaris 2Q FY26 shareholders’ net income drops 10% to $477 million; net sales fall 4% to $2.97 billion vs 2Q FY25

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