Oceaneering (OII): Subsea Robots, Half The Profit — Layer 9 Marine Robotics Deep Dive | Sep 03, 2026
Oceaneering International (NYSE: OII) runs the largest fleet of work-class underwater robots on Earth — 250 systems, on 82 of the world's 139 contracted floating rigs, a 59% share — and almost nobody calls it a robotics stock. This is our first episode on Layer 9 of the robotics value chain: marine and specialty robotics.
Elena and Theo unpack what a remotely operated vehicle actually is and why the tether still wins underwater, then work through both sides. The bull case: second-quarter 2026 revenue of $768 million (up 10%), EPS of $0.65 against a $0.46 estimate, adjusted EBITDA of $115…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.