TechnipFMC Reports Q3 2026 Results, Raises Full-Year Subsea Guidance

TechnipFMC plc (FTI) Q3 2026 Earnings Release Summary

TechnipFMC plc filed a Form 8-K under Item 2.02 (Results of Operations and Financial Condition) reporting its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Consolidated Revenue: $2,895.8 million, up 4.8% sequentially from Q2 2026 ($2,763.1 million) and up 9.4% year-over-year from Q3 2025 ($2,647.3 million).
• Net Income & EPS: Net income attributable to TechnipFMC was $418.4 million, or $1.05 per diluted share. Adjusted net income stood at $418.8 million ($1.05 per diluted share), up 34.2% year-over-year.
• Adjusted EBITDA: $627.8 million (21.7% margin), up 21.0% YoY. Excluding an $8.6 million foreign exchange loss, Adjusted EBITDA was $636.4 million.
• Cash Flow: Generated $531 million in operating cash flow and $470 million in free cash flow during the quarter.

Segment Performance & Backlog

• Subsea Revenue: $2,600.0 million (+12.1% YoY, +4.5% QoQ) with operating profit of $522.6 million (20.1% margin) and Adjusted EBITDA of $611.6 million (23.5% margin).
• Orders & Inbound: Total company inbound orders were $2,319.5 million; Subsea inbound orders reached $2,051.5 million (book-to-bill of 0.8x).
• Backlog: Total backlog stood at $16,065.8 million, including $15,487.0 million in Subsea backlog.

Guidance & Forward Outlook

• Increased full-year 2026 Subsea revenue guidance to a range of $9.6 billion to $9.8 billion.
• Initiated Subsea financial guidance for 2027.
• Management anticipates Subsea inbound orders across the next five quarters to reach at least $14.5 billion, citing a subsea opportunity pipeline of $32 billion.