Companies /Energy

TechnipFMC plc

NYSE: FTI Oil & Gas Equipment & Services
$79.67
▲ $1.36 (+1.74%) today
Markets closed · 5:28am ET

Q2 2026 Earnings

Reported Jul 30, 2026, 6:46am ET · SEC source
$0.91
Beat +13.45%
EPS · est. $0.80
$2.8B
Beat +3.49%
Revenue · est. $2.7B
+10.0%
Beating market
FTI vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0Jul 30Jul 31report 6:46am ETearnings+1.5%−0.4%
−6%−3%0Jul 30Jul 31earnings+1.5%−0.4%
FTI −0.4%S&P 500 +1.5%
−6%−3%0+3%Jul 30Jul 31report 6:46am ETearnings+2.7%−0.4%
−6%−3%0+3%Jul 30Jul 31earnings+2.7%−0.4%
FTI −0.4%NASDAQ +2.7%
−4%0+4%Jul 29Aug 6report 6:46am ETearnings+5.5%−2.9%
−4%0+4%Jul 29Aug 6earnings+5.5%−2.9%
FTI −2.9%S&P 500 +5.5%
−5%0+5%+10%Jul 29Aug 6report 6:46am ETearnings+8.3%−2.9%
−5%0+5%+10%Jul 29Aug 6earnings+8.3%−2.9%
FTI −2.9%NASDAQ +8.3%
−3.92%
Day of report
+3.98%
Next session
+1.02%
One week
+13.39%
30 days

S&P 500 over the same 30 days: +3.42%.

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 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

“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

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.

FTI YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$800.0M$1.6B$2.4B$2.5B$2.8BRevenue$403.0M$479.8MOperating Income$269.5M$362.7MNet Income
$0$800.0M$1.6B$2.4BRevenueOperating IncomeNet Income

FTI Revenue by Segment

Subsea$2.5B+12.2%
Surface Technologies$276.2M−13.3%

Figures from SEC filings and company reports. Not investment advice.