S&P 500
7,788.40
+0.49%
Dow Jones
53,706.00
-0.16%
Nasdaq 100
30,061.40
+1.14%
Russell 2000
3,051.41
+0.15%
FTSE 100
10,782.60
-0.68%
Nikkei 225
69,210.70
+0.97%
TechnipFMC

TechnipFMC (FTI) Q2 2026 Earnings

Reported Jul 30, 2026 at 6:46 AM ET · SEC Source

Q2 26 EPS

$0.91

BEAT +13.45%

Est. $0.80

Q2 26 Revenue

$2.76B

BEAT +3.49%

Est. $2.67B

vs S&P Since Q2 26

+1.3%

BEATING MARKET

FTI +5.9% vs S&P +4.6%

Market Reaction

Did FTI Beat Earnings? Q2 2026 Results

TechnipFMC delivered a stronger-than-expected second quarter of 2026, posting adjusted diluted EPS of $0.91 against a consensus estimate of $0.80, a beat of 13.45% that extended the company's streak to four consecutive quarters of clearing Wall Stree… Read more TechnipFMC delivered a stronger-than-expected second quarter of 2026, posting adjusted diluted EPS of $0.91 against a consensus estimate of $0.80, a beat of 13.45% that extended the company's streak to four consecutive quarters of clearing Wall Street's EPS bar. Revenue climbed 9.0% year-over-year to $2.76 billion, topping the $2.67 billion consensus by 3.49%, as the Subsea segment carried the quarter with $2.49 billion in revenue and an operating margin of 19.6%, up 240 basis points from a year ago. The growth was fueled by accelerating iEPCI project activity in the North Sea and Mediterranean, including a notable contract award from Vår Energi valued between $500 million and $1 billion, underscoring the order momentum that investors had been watching closely ahead of the print. Net income attributable to TechnipFMC reached $362.70 million, up 34.6% year-over-year. Management held full-year 2026 guidance steady, with Subsea revenue targeted at $9.20 to $9.60 billion and free cash flow of $1.30 to $1.45 billion, noting that both metrics are tracking toward the high end of their respective ranges.

Key Takeaways

  • • Increased Subsea project activity, particularly iEPCI projects in the North Sea and Mediterranean
  • • Strong project execution driving Subsea operating margin expansion of 380 basis points sequentially to 19.6%
  • • Subsea adjusted EBITDA margin of 23.2%, up 320 basis points sequentially
  • • Surface Technologies operating margin improved 680 basis points year-over-year despite revenue decline, driven by strength in international markets
  • • Working capital improvement of $123.5 million contributed to strong operating cash flow

FTI Forward Guidance & Outlook

TechnipFMC maintained its full-year 2026 guidance unchanged from February 2026. Subsea revenue is expected in a range of $9.2–9.6 billion with adjusted EBITDA margin of 21–22%; both metrics are tracking toward the high end of guidance ranges. Surface Technologies revenue is guided at $1.15–1.3 billion with adjusted EBITDA margin of 16.5–18%. Total company free cash flow is expected at $1.3–1.45 billion, with capital expenditures of approximately $340 million. Corporate expense is expected at $115–125 million, net interest expense at $10–20 million, and effective tax rate at 27–31%. Management expressed confidence in achieving $10 billion of Subsea inbound in 2026, followed by a step-up in orders in 2027 that is expected to extend through the end of the decade.

24/7 Wall St

FTI YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

FTI Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“I am pleased to share with you another strong set of financial results, demonstrating our ability to consistently execute at a very high level. Total Company revenue in the period was $2.8 billion, with adjusted EBITDA of $601 million when excluding foreign exchange impacts. We generated free cash flow of $488 million and distributed $440 million through dividends and share repurchases, delivering on our commitment to return the majority of free cash flow to shareholders.”

— Doug Pferdehirt, Q2 2026 Earnings Press Release

Back to FTI Stock Page