TechnipFMC plc reported second-quarter 2026 results with higher revenue and earnings versus the prior-year quarter, driven by stronger subsea activity and improved margins. Revenue rose to $2.76B and diluted EPS was $0.9, compared with $2.53B and $0.64 in the year-ago quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$2.76B$2.53B9% | Net income²$362.1M$268.3M35% | Diluted EPS³$0.9$0.6440.6% |
¹ Reported as “Total revenue”. ² Reported as “Net income attributable to TechnipFMC plc, including non-controlling interests”. ³ Reported as “Diluted earnings per share attributable to TechnipFMC plc”.
Business Highlights
- Revenue growth was led by Subsea, which increased roughly 10% year over year in the quarter as backlog converted to revenue and lifted consolidated gross profit.
- Geographic strength was concentrated in Latin America, Africa, Asia Pacific and the Middle East, while Europe and North America saw lower activity.
- Adoption of iEPCI® and Subsea 2.0® continued to drive cost and schedule improvements and provided competitive differentiation.
- Subsea margin expansion reflected higher volumes and a favorable mix; Surface Technologies margins improved after prior restructuring.
- Company is executing first-of-kind projects (including Mero 3 HISEP® and UK CCS iEPCI®) and is active in emerging markets such as Suriname and Mozambique.
Original SEC Filing:
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