TechnipFMC (FTI) Q2 2026 Earnings
How Did FTI Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +3.42%.
Did FTI Beat Earnings? Q2 2026 Results
Yes. TechnipFMC reported Q2 2026 earnings of $0.91 a share on Jul 30, 2026, beating the $0.80 consensus estimate by 13.5%. Revenue was $2.8B against a $2.7B estimate.
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.
- 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
“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.”
TechnipFMC CEO, on the earnings call
What Is TechnipFMC's 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.
FTI YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.8B | $2.5B | +9.0% |
| Operating Income | $479.8M | $403.0M | +19.1% |
| Net Income | $362.7M | $269.5M | +34.6% |
FTI Revenue by Segment
When Does TechnipFMC Report Next?
Figures from SEC filings and company reports. Not investment advice.