TISI earnings analysis
What we found in TISI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Team, Inc. reported Q2 2026 revenue of $228.678 million, up approximately 6.4% sequentially from $215 million but down approximately 7.8% year over year from $248 million. EPS improved sequentially to negative $1.73 from negative $3.12, but deteriorated from negative $0.95 in the prior-year quarter. The provided excerpt does not disclose current-quarter margins, cash flow, balance-sheet details, segment results, or quantitative guidance; it reports effective disclosure controls and no material risk-factor changes.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Rebounded Sequentially
- Revenue was $228.678 million, up from $215 million in Q1 2026, a sequential increase of approximately 6.4%, but below the $248 million reported in Q2 2025 by approximately 7.8%.
- EPS Improved Sequentially
- Reported EPS was negative $1.73, an improvement from negative $3.12 in Q1 2026 by $1.39, but a deterioration from negative $0.95 in Q2 2025 by $0.78.
- Disclosure Controls Effective
- Management concluded that disclosure controls were effective as of June 30, 2026, providing reasonable assurance that required information is reported within the required time periods.
- No Material Control Changes
- The filing reports no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, the controls during the quarter ended June 30, 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Persistent Earnings Losses
- The company remained loss-making, with EPS of negative $1.73 in Q2 2026 versus negative $0.95 in Q2 2025, indicating year-over-year earnings deterioration despite the sequential improvement from negative $3.12.
- Year-Over-Year Revenue Decline
- Revenue of $228.678 million was approximately 7.8% below the $248 million reported in Q2 2025, indicating continued year-over-year scale pressure.
- Existing Risks Remain
- The filing states that there were no material changes to the previously disclosed risk factors; accordingly, the existing risk framework remains applicable with 0 newly disclosed material changes.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-1.73
What they said about what is next.
The provided 10-Q excerpt does not include a quantitative outlook. Prior company guidance was $920 million-$945 million for 2026, but this filing excerpt does not confirm whether that outlook was maintained.
The filing reads about the same as the one before it.
What came before.
- 10-Q · May 13, 2026
- Team, Inc. reported Q1 2026 results with revenue of $215.1 million, up 8.3% year-over-year, driven by growth in both the Inspection & Heat-Treating (IHT) and Mechanical Services (MS) segments. The company improved its…
- 10-K · March 12, 2026
- Team, Inc. (TISI) reported revenues of $896.5 million for the year ended December 31, 2025, reflecting a 5.2% growth from $852.3 million in 2024. Despite the revenue increase, the company recorded a net loss of $49.2…
- 10-Q · November 12, 2025
- Team Inc. reported total revenues of $224.98 million in Q3 2025, a 6.7% increase from $210.76 million in Q3 2024, but still a decline from the previous quarter's $248 million. The company incurred a net loss of $11.45…
- 10-Q · August 12, 2025
- Team, Inc. reported an increase in revenue to $248 million for Q2 2025, reflecting an 8.5% year-over-year growth driven by strong performance in the Inspection segment. However, the company recorded a diluted EPS loss…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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