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Mitcham Industries Earnings Calls
| Release date | Jun 10, 2026 |
| EPS estimate | - |
| EPS actual | -$0.0500 |
| Revenue estimate | 9.45M |
| Revenue actual | 9.672M |
| Revenue Surprise | 2.35% |
| Release date | Apr 15, 2026 |
| EPS estimate | $0.310 |
| EPS actual | -$0.0300 |
| EPS Surprise | -109.68% |
| Revenue estimate | 14.65M |
| Revenue actual | 9.796M |
| Revenue Surprise | -33.13% |
| Release date | Dec 09, 2025 |
| EPS estimate | $0.160 |
| EPS actual | $0.0100 |
| EPS Surprise | -93.75% |
| Revenue estimate | 10.9M |
| Revenue actual | 9.688M |
| Revenue Surprise | -11.12% |
| Release date | Sep 09, 2025 |
| EPS estimate | $0.190 |
| EPS actual | $0.240 |
| EPS Surprise | 26.32% |
| Revenue estimate | 12.08M |
| Revenue actual | 13.561M |
| Revenue Surprise | 12.26% |
Last 4 Quarters for Mitcham Industries
Below you can see how MIND performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Sep 09, 2025 |
| Price on release | $9.56 |
| EPS estimate | $0.190 |
| EPS actual | $0.240 |
| EPS surprise | 26.32% |
| Date | Price |
|---|---|
| Sep 03, 2025 | $9.28 |
| Sep 04, 2025 | $9.07 |
| Sep 05, 2025 | $9.44 |
| Sep 08, 2025 | $9.48 |
| Sep 09, 2025 | $9.56 |
| Sep 10, 2025 | $8.17 |
| Sep 11, 2025 | $8.48 |
| Sep 12, 2025 | $8.19 |
| Sep 15, 2025 | $8.66 |
| 4 days before | 3.02% |
| 4 days after | -9.41% |
| On release day | -14.54% |
| Change in period | -6.68% |
| Release date | Dec 09, 2025 |
| Price on release | $10.72 |
| EPS estimate | $0.160 |
| EPS actual | $0.0100 |
| EPS surprise | -93.75% |
| Date | Price |
|---|---|
| Dec 03, 2025 | $9.83 |
| Dec 04, 2025 | $10.19 |
| Dec 05, 2025 | $10.24 |
| Dec 08, 2025 | $10.57 |
| Dec 09, 2025 | $10.72 |
| Dec 10, 2025 | $8.10 |
| Dec 11, 2025 | $8.72 |
| Dec 12, 2025 | $8.49 |
| Dec 15, 2025 | $8.14 |
| 4 days before | 9.00% |
| 4 days after | -24.08% |
| On release day | -24.45% |
| Change in period | -17.24% |
| Release date | Apr 15, 2026 |
| Price on release | $8.71 |
| EPS estimate | $0.310 |
| EPS actual | -$0.0300 |
| EPS surprise | -109.68% |
| Date | Price |
|---|---|
| Apr 09, 2026 | $8.09 |
| Apr 10, 2026 | $8.05 |
| Apr 13, 2026 | $8.30 |
| Apr 14, 2026 | $8.75 |
| Apr 15, 2026 | $8.71 |
| Apr 16, 2026 | $6.23 |
| Apr 17, 2026 | $6.32 |
| Apr 20, 2026 | $6.08 |
| Apr 21, 2026 | $5.88 |
| 4 days before | 7.66% |
| 4 days after | -32.49% |
| On release day | -28.53% |
| Change in period | -27.32% |
| Release date | Jun 10, 2026 |
| Price on release | $5.56 |
| EPS estimate | - |
| EPS actual | -$0.0500 |
| Date | Price |
|---|---|
| Jun 04, 2026 | $6.85 |
| Jun 05, 2026 | $6.20 |
| Jun 08, 2026 | $6.15 |
| Jun 09, 2026 | $5.90 |
| Jun 10, 2026 | $5.56 |
| Jun 11, 2026 | $5.26 |
| Jun 12, 2026 | $5.31 |
| Jun 15, 2026 | $5.40 |
| Jun 16, 2026 | $5.17 |
| 4 days before | -18.83% |
| 4 days after | -7.01% |
| On release day | -5.40% |
| Change in period | -24.53% |
Mitcham Industries Earnings Call Transcript Summary of Q2 2026
MIND Technology reported a solid Q2 FY2026 driven by stronger Seamap system sales and a high-margin aftermarket business. Q2 marine technology revenues were $13.6M (≈+35% YoY), gross profit $6.8M (50% margin), operating income ≈$2.7M, adjusted EBITDA ≈$3.1M, and net income ≈$1.9M. Backlog was $12.8M at July 31, 2025 (down sequentially after substantial deliveries), but management highlighted a strong pipeline including two near-term potential orders totaling about $10M that are not yet booked. Aftermarket (spare parts/repair/service) comprised a large share of revenues YTD (~68%) and is a strategic growth area supported by expanded Huntsville manufacturing/repair capacity. The company is debt-free with cash of roughly $7.2–7.8M and working capital of ~$25.1M. Management expects continued profitability for the remaining quarters of FY2026, sees FY2026 results roughly similar to FY2025, and is pursuing disciplined optionality to enhance shareholder value—establishing an ATM facility and a share buyback program to enable opportunistic capital raises, tuck-in acquisitions, or repurchases. Management cautioned that macro uncertainty and cautious customer timing can make order timing lumpy.
