Oceaneering Q1 EPS Misses, Revenue Beats 3%

Oceaneering posted Q1 2026 adjusted EPS $0.30, missing consensus $0.32, while revenue rose 3% to $692 million, beating $670.93 million estimate.
Growth was driven by Aerospace & Defense Technologies; Integrity Management & Digital Solutions segment weakened by Middle East conflict and lower West Africa/Australia volumes.
Q2 2026 guidance shows Subsea Robotics revenue up, Manufactured Products up, Offshore Projects flat with slight operating‑income dip, IMDS revenue down, Aerospace & Defense revenue and operating income up; unallocated expenses about $50 million.
CEO Rod Larson said the quarter unfolded as expected with strong Aerospace & Defense activity despite segment challenges.