TechnipFMC

Q2 FY2026 EarningsFTI Q2 FY26 significantly outperformed consensus across all key profitability and cash flow metrics. Revenue of $2.76B beat estimates by 3.5%, while Adjusted Diluted EPS of $0.91 surpassed the $0.80 consensus by 13.7%. The performance was driven by the Subsea segment's exceptional 23.2% adjusted EBITDA margin and record-breaking free cash flow of $488M, which was over 40% higher than the most conservative analyst estimates. Management reaffirmed FY26 guidance, noting that Subsea results are tracking toward the high end of previously issued ranges.