Q1 26 EPS
$0.64
BEAT +14.33%
Est. $0.56
Q1 26 Revenue
$2.49B
MISS 1.21%
Est. $2.52B
vs S&P Since Q1 26
-15.1%
TRAILING MARKET
FTI -11.5% vs S&P +3.6%
Market Reaction
Did FTI Beat Earnings? Q1 2026 Results
TechnipFMC delivered a strong first quarter for 2026, posting earnings per diluted share of $0.64 against a consensus estimate of $0.56, a beat of 14.33%, even as revenue of $2.49 billion came in just 1.21% below expectations. The top line still grew… Read more TechnipFMC delivered a strong first quarter for 2026, posting earnings per diluted share of $0.64 against a consensus estimate of $0.56, a beat of 14.33%, even as revenue of $2.49 billion came in just 1.21% below expectations. The top line still grew 11.6% year-over-year, with the company's Subsea segment doing the heavy lifting, generating $2.21 billion in revenue, up 14.1% from a year ago, as accelerating iEPCI project activity in Brazil drove sequential momentum. Adjusted EBITDA surged 35.5% to $466.00 million, with margin expanding 330 basis points to 18.7%, reflecting the operational leverage management has been building across both segments. Net income attributable to TechnipFMC nearly doubled year-over-year to $260.50 million, compared to $142.00 million in Q1 2025. The company returned $284.70 million to shareholders in the quarter through buybacks and dividends, and reiterated full-year 2026 guidance including free cash flow of $1.30 billion to $1.45 billion, with CEO Doug Pferdehirt expressing confidence in booking $10.00 billion of Subsea orders for the full year.
Key Takeaways
- • Higher iEPCI project activity, particularly in Brazil, driving Subsea revenue growth
- • Strong execution and solid operational performance across both segments
- • Subsea adjusted EBITDA margin expansion to 20.0% driven by higher project activity
- • Sequential project revenue growth in Latin America, Africa, and North America for Subsea
- • Year-over-year revenue growth of 11.6% for total company
FTI Forward Guidance & Outlook
TechnipFMC reiterated its full-year 2026 guidance unchanged from February 19, 2026: Subsea revenue of $9.2–$9.6 billion with 21–22% adjusted EBITDA margin; Surface Technologies revenue of $1.15–$1.3 billion with 16.5–18% adjusted EBITDA margin; corporate expense of $115–$125 million; net interest expense of $10–$20 million; effective tax rate of 27–31%; capital expenditures of approximately $340 million; and free cash flow of $1.3–$1.45 billion. CEO Pferdehirt expressed confidence in achieving $10 billion of Subsea orders in 2026 and signaled a step-up in inbound orders in 2027 extending through the end of the decade, supported by a Subsea Opportunities List of approximately $30 billion over the next 24 months. The company remains committed to returning at least 70% of free cash flow to shareholders.
FTI YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FTI Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our quarterly results reflect strong operational performance throughout the Company, driven by solid execution. This early momentum positions us well to achieve our full-year financial targets.”
— Doug Pferdehirt, Q1 2026 Earnings Press Release
FTI Earnings Trends
FTI vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FTI EPS Trend
Earnings per share: estimate vs actual
FTI Revenue Trend
Quarterly revenue: estimate vs actual
FTI Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.56 | $0.64 | +14.33% | $2.49B | -1.21% |
| Q4 25 BEAT FY | $0.52 | $0.70 | +35.48% | $2.52B | -0.92% |
| FY Full Year | $2.28 | $2.45 | +7.27% | $9.93B | -0.25% |
| Q3 25 BEAT | $0.66 | $0.75 | +13.74% | $2.65B | +1.33% |
| Q2 25 BEAT | $0.58 | $0.68 | +17.95% | $2.53B | +1.97% |
| Q1 25 MISS | $0.37 | $0.33 | -9.98% | $2.23B | -0.81% |