Team Inc Q2 revenue falls to $228.7M; net loss widens; FY26 guidance implies growth

TEAM INC

2026-Q2 EPS reported -$5.26 revenue$443,734,000

Revenue $228.7M, down 8% YoY from $248.0M; gross margin $54.4M vs $68.1M.
Net loss $6.8M vs $4.3M loss a year ago; Adjusted EBITDA $12.8M (5.6% of rev) vs $24.5M (9.9%).
Adjusted SG&A cut $2.1M (4.5%) to $44.7M; company sets structural cost reduction targets.
FY2026 guidance: midpoint revenue +4%, gross margin +8%, Adjusted EBITDA +16% vs 2025.

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