TechnipFMC reported third-quarter 2026 results that exceeded analyst expectations for both revenue and earnings, driven by strong operational execution in its Subsea segment. While quarterly Subsea inbound orders fell short of consensus estimates due to timing, the company raised its full-year guidance for Subsea revenue and free cash flow and initiated a positive outlook for 2027.
Key Highlights
- Adjusted diluted EPS of $1.05 beat the $0.88 analyst estimate, while revenue of $2.9 billion grew 9.4% year-over-year.
- Management raised 2026 Subsea revenue guidance to $9.6–$9.8 billion and free cash flow guidance to $1.45–$1.55 billion.
- Subsea inbound orders of $2.1 billion missed the $2.6 billion estimate, though the company anticipates at least $14.5 billion in Subsea orders over the next five quarters.
- Total order backlog reached $16.1 billion, supported by record activity in Brazil and the Gulf of Mexico.