Q2 FY2026 EarningsQ2 FY26 results beat consensus across all key profitability metrics, despite a slight revenue miss. Revenue reached $966M vs. $963M expected, while Diluted EPS of $0.04 significantly outperformed the $0.02 consensus mean. The beat was primarily driven by lower-than-expected interest expenses due to fair value adjustments and reduced depreciation. Management confirmed the pending Valaris acquisition and reported a strong total backlog of $6.7B, with an additional $1B Equinor agreement pending approval.
Overview: Transocean(RIG) the Revenue is 966 M (-2.23%), Beat estimate;the EBIT is 164 M (-2.96%), Beat estimate;the EPS is 0.04 (+103.8%), Beat estimate.