TechnipFMC Reports Strong Q2 Results with Raised Full-Year Guidance
TechnipFMC reported strong second-quarter results in fiscal year 2026, driven by robust performance across its Subsea segment. Revenue reached $2.8 billion and adjusted EBITDA hit $601 million, while free cash flow totaled $488 million. The company raised its full-year guidance for both adjusted EBITDA (now expected at approximately $2.19 billion) and free cash flow ($1.45 billion). Shareholder returns remained significant with $440 million returned in the quarter through buybacks and dividends. The Subsea segment was a key growth driver, contributing 89% of total revenue with sequential increases in both revenue (up to $2.5 billion) and adjusted EBITDA ($577 million). Management expects strong order trends for the remainder of the year, projecting $10 billion in inbound orders for 2026. CEO Doug Pferdehirt highlighted improved execution across brownfield projects and tiebacks as a key factor behind margin expansion. The company also noted an inflection point expected by 2027 toward larger greenfield developments.
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Topics: ebitda financial_results free_cash_flow shareholder_returns