TechnipFMC Reports Strong Q3 2026 Results with Increased Revenue and Raised Guidance
TechnipFMC (FTI) delivered a robust third quarter for 2026, reporting total revenue of $2.89 billion, a 9.4% increase year-over-year. Growth was primarily driven by heightened project activity in Indonesia and Brazil, alongside strong performance in the Subsea segment, which reached a record quarterly adjusted EBITDA margin of 23.5%. The company's subsea backlog remains substantial at over $15.4 billion. Reflecting increased confidence in operational execution and market demand, management raised its full-year guidance for both Subsea revenue and free cash flow. While the company faces potential short-term headwinds in the fourth quarter due to lower activity in the North Sea and scheduled vessel maintenance, the long-term outlook remains positive with a $32 billion subsea opportunities list and strong visibility into 2027.
Tickers: $FTI
Topics: adjusted ebitda eps increase free cash flow guidance upgrade revenue growth share repurchases subsea revenue