Tenaris S.A. ($TS) reported second-quarter 2026 revenue of $3.0 billion, down 3.9% from a year earlier. Gross profit fell 8.2% to $984.7 million, while operating profit declined 15.2% to $494.0 million.
Net income attributable to common shareholders came in at $477.1 million, down 10.2% year over year, and diluted earnings per share were $0.94, a 6.0% decline. Cost of sales totaled $2.0 billion, down slightly from the prior year.
Cash generation also weakened, with operating cash flow at $517.5 million, down 23.1% year over year. Capital spending on property, plant and equipment was $116.9 million, while cash and cash equivalents stood at $557.1 million.
On the balance sheet, total liabilities were $3.1 billion, down 14.4% from a year earlier. The stock fell 3.6% after market close following the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Tenaris S.A. Hedge Fund Activity
We have seen 128 institutional investors add shares of Tenaris S.A. stock to their portfolio, and 117 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 6,053,126 shares (+275.3%) to their portfolio in Q1 2026, for an estimated $352,170,870
- DRIEHAUS CAPITAL MANAGEMENT LLC added 888,346 shares (+inf%) to their portfolio in Q1 2026, for an estimated $51,683,970
- VAN ECK ASSOCIATES CORP added 873,847 shares (+43.3%) to their portfolio in Q1 2026, for an estimated $50,840,418
- CITADEL ADVISORS LLC removed 639,973 shares (-68.6%) from their portfolio in Q1 2026, for an estimated $37,233,629
- WESTWOOD GLOBAL INVESTMENTS, LLC removed 598,686 shares (-8.2%) from their portfolio in Q1 2026, for an estimated $34,831,551
- CWA ASSET MANAGEMENT GROUP, LLC added 480,741 shares (+94.9%) to their portfolio in Q2 2026, for an estimated $26,676,318
- JUMP FINANCIAL, LLC removed 346,283 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $20,146,744
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Tenaris S.A. Price Targets
Multiple analysts have issued price targets for $TS recently. We have seen 5 analysts offer price targets for $TS in the last 6 months, with a median target of $59.0.
Here are some recent targets:
- Derek Podhaizer from Piper Sandler set a target price of $60.0 on 05/18/2026
- David Anderson from Barclays set a target price of $82.0 on 05/08/2026
- Connor Lynagh from Morgan Stanley set a target price of $50.0 on 04/15/2026
- Stephen Gengaro from Stifel set a target price of $57.0 on 02/23/2026
- Marc Bianchi from TD Cowen set a target price of $59.0 on 02/20/2026
