Latest quarter
TechnipFMC reported Q2 FY2026 revenue of $2.8 billion, while the consensus estimated $2.7 billion. Consensus data put adjusted EPS, as the consensus counts it, at $0.91, compared with an estimate of $0.80. TechnipFMC’s filing says revenue rose 9.01% from Q2 FY2025, while diluted EPS increased 40.6%.
The filing attributes the revenue increase primarily to Subsea, where backlog conversion lifted iEPCI® and SPS supply activity in Latin America, Asia Pacific, Africa and the Middle East. The filing says Surface Technologies revenue declined as Middle East project activity followed scheduled timing and regional conflict affected activity, while North American drilling activity was lower. TechnipFMC reported gross margin of 24.8%, versus 23.4% a year earlier, and operating margin of 17.5%, versus 15.4%. The company reported free cash flow of $487.9 million, compared with $260.6 million in Q2 FY2025.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $2.8 billion | $2.5 billion | 9.01% |
| Diluted EPS | $0.90 | $0.64 | 40.6% |
| Gross margin | 24.8% | 23.4% | 1.4 percentage points |
| Operating margin | 17.5% | 15.4% | 2.2 percentage points |
| Free cash flow | $487.9 million | $260.6 million | 87.2% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $0.91 | $0.80 | Beat by 13.7% |
| Revenue | $2.8 billion | $2.7 billion | Beat by 3.49% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
A transcript or other record of TechnipFMC’s latest earnings call was not available in the provided materials, so management commentary from the call cannot be reported here.
Guidance
TechnipFMC’s July 30 results release set FY2026 Subsea revenue guidance at $9.2 billion to $9.6 billion and Surface Technologies revenue guidance at $1.2 billion to $1.3 billion. The company’s FY2026 outlook also includes non-GAAP free cash flow of $1.3 billion to $1.5 billion, corporate non-GAAP operating expenses of $115.0 million to $125.0 million, and capex of $340.0 million.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| Free cash flow, non-GAAP | FY2026 | $1.3 billion–$1.5 billion | — | New |
| Capex | FY2026 | $340.0 million | — | New |
| Operating expenses, Corporate Non Gaap | FY2026 | $115.0 million–$125.0 million | — | New |
| Revenue, Surface Technologies | FY2026 | $1.2 billion–$1.3 billion | — | New |
| Revenue, Subsea | FY2026 | $9.2 billion–$9.6 billion | — | New |