TechnipFMC (FTI) Q3 2026 Earnings
Adjusted EPS excludes restructuring, impairment and other charges of $0.5 million pre-tax ($0.4 million after tax); GAAP diluted EPS also $1.05. Results include a foreign exchange loss of $8.6 million ($8 million after-tax).
How Did FTI Stock React to Q3 2026 Earnings?
Did FTI Beat Earnings? Q3 2026 Results
Yes. TechnipFMC reported Q3 2026 earnings of $1.05 a share on Oct 29, 2026, beating the $0.88 consensus estimate by 19.4%. Revenue was $2.9B against a $2.8B estimate.
TechnipFMC plc delivered a strong third quarter of 2026, beating Wall Street expectations on both the top and bottom lines and extending its consensus EPS beat streak to five consecutive quarters. The oilfield technology company reported adjusted EPS of $1.05, clearing the $0.88 consensus estimate by 19.36%, while revenue of $2.90 billion beat the $2.79 billion forecast by 3.74% and grew 9.4% year over year. The primary engine behind the results was the Subsea segment, where operating margin widened to 20.1% and adjusted EBITDA margin reached 23.5%, driven by iEPCI integrated projects in Indonesia and Brazil alongside stronger services activity. Results were nearly identical on a GAAP basis, with restructuring charges of just $0.5 million pre-tax and a foreign exchange loss of $8.6 million presenting only modest headwinds. Looking ahead, management raised full-year 2026 Subsea revenue guidance to $9.60 billion to $9.80 billion and lifted free cash flow guidance to $1.45 billion to $1.55 billion, while also introducing 2027 Subsea revenue guidance of $10.00 billion to $10.40 billion at a 22.5% to 24.0% adjusted EBITDA margin.
- Subsea sequential revenue growth from iEPCI® projects in Indonesia and Brazil and higher services activity, partly offset by lower project activity in Norway
- Strong execution lifted Subsea operating margin 50 bps sequentially to 20.1%
- Surface Technologies revenue up on higher Middle East activity and North American completions
- Foreign exchange loss of $8.6 million weighed on results
“Our quarterly results reflect strong operational performance throughout the organization. Total Company revenue in the period was $2.9 billion, with adjusted EBITDA of $636 million, when excluding foreign exchange impacts. We generated free cash flow of $470 million. These results reflect consistency in our execution and reinforce customer trust and confidence in our capabilities.”
TechnipFMC CEO, on the earnings call
What Is TechnipFMC's Outlook?
2026 guidance: - Subsea revenue raised to $9.6–9.8 billion (from $9.2–9.6 billion), with an adjusted EBITDA margin of 21–22%. - Surface Technologies revenue of $1.15–1.3 billion, with an adjusted EBITDA margin of 16.5–18%. - Corporate expense, net of $115–125 million. - Net interest expense of $10–20 million. - Effective tax rate lowered to 25–27% (from 27–31%). - Capital expenditures of approximately $340 million. - Free cash flow raised to $1.45–1.55 billion (from $1.3–1.45 billion). 2027 Subsea guidance: revenue of $10.0–10.4 billion and an adjusted EBITDA margin of 22.5–24.0%. All other 2027 guidance will come with the fourth-quarter 2026 release. The company expects Subsea inbound orders over the next five quarters to be at least $14.5 billion. Its Subsea Opportunities List stands at $32 billion.
FTI YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $2.9B | $2.6B | +9.4% |
| Operating Income | $515.4M | $405.0M | +27.3% |
| Net Income | $418.4M | $309.7M | +35.1% |
FTI Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.