TechnipFMC raised its full-year financial guidance following a strong second-quarter earnings report.
The company projects adjusted EBITDA to reach approximately $2.19 billion by 2026. Free cash flow is expected to trend toward $1.45 billion for the 2026 fiscal year.
The Subsea division drove the upward revision after securing $2.5 billion in second-quarter inbound orders. Management maintains a $10 billion inbound order target for the full year. A record opportunity pipeline indicates a multi-year growth trajectory for the firm.
Subsea 2.0 architecture now accounts for roughly 80% of new orders. This specific technology platform generates approximately 50% of total revenue.