Description

TechnipFMC’s $10 Billion Order Ambition — A Bigger Subsea Growth Engine Is Taking Shape!

TechnipFMC reported second quarter 2026 results characterized by solid financial performance, supported by strong execution, particularly across its Subsea segment. The company recorded total revenue of $2.8 billion and an adjusted EBITDA of $601 million, with a 21.8% margin excluding foreign exchange effects. It generated free cash flow of $488 million and returned $440 million to shareholders via dividends and share repurchases, indicating a focus on capital return. The Subsea segment demonstrated revenue growth of 13% sequentially to $2.5 billion and adjusted EBITDA increased by 31%, reflecting improved project execution, especially on integrated Engineering, Procurement, Construction, and Installation (iEPCI) projects in the North Sea and Mediterranean. The backlog remains robust with a record-high opportunity pipeline, and inbound Subsea orders reached $2.5 billion for the quarter.