TechnipFMC posts strong Q3 2026 results and lifts subsea revenue guidance
TechnipFMC reported adjusted earnings of $1.05 per share on $2.9 billion of revenue for the third quarter of 2026. The subsea segment posted a record adjusted EBITDA margin of 23.5% and generated $2.1 billion of inbound subsea orders, bringing total Q3 orders to $2.3 billion. Management raised full‑year 2026 subsea revenue guidance to $9.6‑$9.8 billion, introduced 2027 subsea revenue guidance of $10.0‑$10.4 billion, and reaffirmed expectations of at least $14.5 billion in subsea orders over the next five quarters.
Why it matters
The higher subsea revenue outlook and free‑cash‑flow guidance suggest stronger cash generation and potential shareholder returns, though the company warned of a seasonal decline in subsea revenue in Q4 2026. Investors will watch whether the raised guidance translates into sustained earnings growth.
Key facts
- 1Adjusted earnings were $1.05 per share. investing.com
- 2Revenue was $2.9 billion. investing.com
- 3Free cash flow for the quarter was $470 million. investing.com
- 4Subsea adjusted EBITDA margin reached a record 23.5%. investing.com
- 5Full‑year 2026 subsea revenue guidance was raised to $9.6‑$9.8 billion. investing.com
- 62027 subsea revenue guidance was set at $10.0‑$10.4 billion. investing.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.