TEAM Q2 Revenue $228.7M, Net Loss $6.8M; Sets Cost Reduction Targets
TEAM Inc. reported Q2 2026 revenue of $228.7 million, down from $248.0 million in Q2 2025, and a net loss of $6.8 million, compared to a $4.3 million net loss in the prior year. Adjusted EBITDA decreased to $12.8 million from $24.5 million. Despite the Q2 softness attributed to deferred turnaround activities, the company established structural cost reduction targets of $8-$15 million for 2026, aiming for $20-$35 million annually. TEAM also reaffirmed its full-year 2026 guidance, projecting revenue of $920-$945 million, gross margin of $240-$260 million, and Adjusted EBITDA of $68-$73 million, representing increases of 4%, 8%, and 16% respectively at the midpoint over 2025. The company is advancing operational and commercial transformation to improve margins and cash flow.
Key Highlights
- Q2 2026 revenue was $228.7 million, down from $248.0 million in Q2 2025.
- Q2 2026 net loss was $6.8 million, compared to a $4.3 million net loss in Q2 2025.
- Q2 2026 Adjusted EBITDA was $12.8 million (5.6% of revenue), down from $24.5 million in Q2 2025.
- Established structural cost reduction targets of $8-$15 million for full-year 2026.
- Aims for $20-$35 million in structural cost improvements at full annual run-rate.
- Reaffirmed full-year 2026 revenue guidance of $920-$945 million (+4% at midpoint).
- Reaffirmed full-year 2026 Adjusted EBITDA guidance of $68-$73 million (+16% at midpoint).
- Total debt as of June 30, 2026, was $326.3 million, up from $297.2 million at year-end 2025.
Price Impact
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