$FTI · TechnipFMC plc
TechnipFMC reported Q3 2026 results with revenue of $2.896B (+9.4% YoY), net income of $418.4M, and diluted EPS of $1.05. The company raised 2026 Subsea revenue guidance to $9.6–$9.8B, lifted free cash flow guidance to $1.45–$1.55B, and initiated 2027 Subsea guidance of $10.0–$10.4B in revenue with adjusted EBITDA margins of 22.5–24.0%.
- Q3 revenue $2.896B, up 9.4% YoY and 4.8% sequentially
- Diluted EPS $1.05, up 40% YoY from $0.75; net income $418.4M, up 35.1% YoY
- Adjusted EBITDA $627.8M with margin of 21.7%, up 210 bps YoY
- Free cash flow $469.7M for Q3; full-year FCF guidance raised to $1.45–$1.55B
- Subsea 2027 guidance initiated: revenue $10.0–$10.4B, adjusted EBITDA margin 22.5–24.0%
Extended-hours trading shows shares at $72.20, up 1.12% vs the regular close of $71.40, reflecting positive reception to the guidance raise and 2027 Subsea outlook. Regular session had a negligible +0.03% move before the release.
TechnipFMC delivered a clean beat-and-raise quarter with 40% YoY EPS growth, raised 2026 guidance across multiple metrics, and provided a bullish 2027 Subsea outlook that extends the deepwater investment thesis.
TechnipFMC's Subsea Opportunities List grew for the ninth consecutive quarter to $32B, reinforcing the deepwater upcycle thesis. Strategic agreements with PETRONAS and bp position the company to capture a sustained wave of offshore development activity extending beyond 2030.
Inbound orders fell 12.4% YoY to $2.32B and backlog declined 4.4% YoY to $16.07B, signaling potential revenue deceleration if order momentum doesn't recover. Subsea book-to-bill was 0.8x in the quarter.