Tennant stock: Tennant launches P1 VAC. Argus targets Tennant stock at USD 63.00

Published on 10/24/2026 at 01:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tennant posted USD 324 million in second-quarter 2026 revenue, up 1.70 percent year over year. November 2, 2026 is the next results date for Tennant stock.

Product strategy and earnings timing

Tennant launched the P1 VAC on October 20, 2026, expanding its autonomous cleaning portfolio.
Second-quarter 2026 revenue reached USD 324 million, up 1.70 percent year over year.
Tennant Company closed at USD 66.26 on the NYSE on October 23, 2026.
Argus set a USD 63.00 target for Tennant on October 14, 2026.

TNC, US8803451033, Illustration mit AI erstellt.

Tennant Company (ISIN US8803451033) launched the P1 VAC on October 20, 2026, its first autonomous robotic vacuum. According to Business Wire, the product expands Tennant's robotics portfolio into soft-floor cleaning while remaining available to order. Argus had set a USD 63.00 price target for Tennant on October 14, 2026, according to Yahoo Finance.

Robotics adds a measurable growth lane

The launch arrives after a strong robotics showing in the second quarter of 2026. Tennant's robotics revenue reached USD 31 million, up 37.00 percent from the prior-year quarter, while first-half robotics revenue totaled USD 58 million, up 56.00 percent year over year, according to Benzinga. Management is targeting 10 new robotic products over 24 months and a USD 250 million robotics equipment business by 2028.

Three dates shape the setup

On October 9, 2026, Tennant lowered full-year adjusted EBITDA guidance to USD 155 million to USD 170 million while raising its net sales outlook to USD 1.27 billion to USD 1.31 billion, according to Benzinga. On October 14, 2026, Argus set its USD 63.00 target. On October 20, 2026, Tennant introduced the P1 VAC and outlined its robotics expansion plan.

What does the next report test?

The next report must show whether demand converts into revenue while ERP-related costs ease. In the second quarter of 2026, revenue was USD 324 million, up 1.70 percent year over year, but adjusted EBITDA fell to USD 35.3 million from USD 51.0 million in the prior-year quarter. That contrast leaves execution and margin recovery as the central investor questions.

NYSE close and coming dates

Tennant closed at USD 66.26 on the NYSE on October 23, 2026 at 4:00 p.m. EDT. Its market capitalization was USD 1.1 billion and its 52-week range was USD 60.18 to USD 91.93 on that date. The company is scheduled to report third-quarter 2026 results on November 2, 2026, followed by a conference call on November 3, 2026, according to Yahoo Finance. The further course of trading is shown by the continuously updated real-time quote of Tennant Company stock.