TechnipFMC Q2 2026: $0.90 EPS, $2.76B Revenue, $880M Operating Cash Flow, $685M Buybacks
FTI has more than doubled off its 52-week low of $34.27.
Summary
TechnipFMC reported Q2 2026 earnings of $0.90 per share on $2.76 billion in revenue, generated $488 million in free cash flow, and repurchased $685 million in shares during the first half. Credit rating upgrades and a $16.4 billion backlog underscore the company's strong position.
Key Events · Earnings and Guidance · FTI
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Q2 Earnings Beat
Net income of $362.7M ($0.90 diluted EPS) on revenue of $2.76B, up 35% and 9% YoY respectively. Subsea operating profit rose 28% to $486.5M.
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Strong Cash Generation
Operating cash flow of $880.5M for H1 2026, funding $684.9M in share repurchases and $39.7M in dividends. Free cash flow was $488M for the quarter.
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Credit Rating Upgrades
Fitch upgraded to 'BBB' from 'BBB-', S&P upgraded to 'BBB' from 'BBB-', both with stable outlooks, reflecting improved financial strength.
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Backlog Remains Robust
Total backlog of $16.4B as of June 30, 2026, with Subsea at $15.8B. Approximately 24.6% expected to convert to revenue in the remainder of 2026.
Analysis · FTI · Energy & Transportation
TechnipFMC delivered a strong second quarter, with net income up 35% year-over-year on 9% revenue growth. The Subsea segment drove the beat, with operating profit jumping 28% on higher volume and favorable mix. Free cash flow generation remained robust at $488 million, funding aggressive share repurchases of $685 million in the first half. The company also secured credit rating upgrades from both Fitch and S&P to 'BBB', reflecting its improved financial health. The $16.4 billion backlog provides multi-year revenue visibility, though inbound orders slowed slightly from the prior year's record pace.
At the time of this filing, FTI was trading at $68.92 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $27.5B. The 52-week trading range was $34.27 to $77.92. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.