CIVEO

Q2 FY2026 EarningsQ2 FY2026 results showed a top-line beat but a bottom-line miss compared to consensus. Revenue reached $180.0M, exceeding the $170.9M estimate by 5.3%, driven by strong integrated services in Australia and high occupancy in Canada. However, Normalized Net Income was significantly below expectations ($6.2M consensus vs. implied loss), and GAAP EPS of -$0.23 missed the -$0.15 mean estimate due to start-up costs in Ontario and geopolitical headwinds affecting Australian occupancy. Management maintained FY2026 guidance, expecting 20% YoY Canadian revenue growth in H2.