TechnipFMC PLC (FTI)
NYSE:FTI
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.79Last Year’s EPS
0.68Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong financial and operational positives: solid revenue and adjusted EBITDA, robust Subsea performance and margins, a growing $30 billion opportunity pipeline, strong free cash flow and net cash position, aggressive shareholder returns, and meaningful technology progress (Subsea 2.0, flexible pipe qualification, CO2 projects). The primary negatives were concentrated in Surface Technologies (sequential revenue and EBITDA declines driven by project timing and Middle East scheduling), some near-term lumpiness in announced order timing and working-capital seasonality. Management reiterated confident full-year and 2027 outlooks and provided positive Q2 Subsea guidance, indicating that the positives materially outweigh the limited near-term headwinds.Company Guidance
Strong overall financial performance
Total company revenue of $2.5 billion; adjusted EBITDA of $453 million (18.2% margin excluding FX); free cash flow of $277 million; cash from operations $332 million and capital expenditures $56 million.
Robust Subsea performance and improving margins
Subsea revenue of $2.2 billion (up 1% sequentially vs. Q4); Subsea adjusted EBITDA of $441 million, up 6% sequentially, with margin improving to 20%.
Strong cash position and shareholder returns
Cash & cash equivalents of $961 million and net cash position of $540 million; total shareholder distributions of $285 million in the quarter (including $265 million of repurchases and $20 million of dividends).
Large opportunity pipeline and backlog growth
Subsea opportunities list expanded to approximately $30 billion of potential awards over the next 24 months (seventh consecutive quarterly increase); list has grown >30% over the last 2 years (midpoint basis); average project size nearly $800 million and the number of >$1B potential developments has more than doubled vs. two years ago.
Order activity and Subsea guidance momentum
Subsea orders of $1.9 billion in the quarter (driven by services and unannounced projects); management reiterates confidence in achieving $10 billion of Subsea orders in 2026 and expects a step-up in inbound orders in 2027 and beyond.
Subsea 2.0 adoption driving efficiency gains
Management reports ~80% of new orders are Subsea 2.0; expects revenue recognized from Subsea 2.0 orders to be roughly ~50% (or slightly north) of Subsea revenue in 2027, supporting margin and cycle-time improvement.
Strong free-cash-flow conversion and disciplined CapEx
Company expects ~65% conversion of EBITDA into free cash flow and capital expenditures guidance of just above 3% of revenue; Q1 capex was $56 million (below seasonal expectations).
Technology and project progress (flexible pipe & CCS)
Progress on flexible pipe qualification with Petrobras to address stress corrosion cracking (qualification advancing favorably); HISEP CO2 seabed separation project progressing with Petrobras and North Sea CO2 storage initiatives underway—demonstrating technology traction in carbon management and new-energy applications.
FTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $76.99 | $75.57 | -1.84% |
Feb 19, 2026 | $62.22 | $61.71 | -0.82% |
Oct 23, 2025 | $37.44 | $40.84 | +9.09% |
Jul 24, 2025 | $33.48 | $37.41 | +11.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TechnipFMC PLC (FTI) report earnings?
TechnipFMC PLC (FTI) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is TechnipFMC PLC (FTI) earnings time?
TechnipFMC PLC (FTI) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTI EPS forecast?
FTI EPS forecast for the fiscal quarter 2026 (Q2) is 0.79.