TechnipFMC plc (FTI)

The company now

TechnipFMC reported third-quarter 2026 revenue of $2,895.8 million on 29 October, up 9.4 percent from a year earlier 1. Net income was $418.4 million, or $1.05 per diluted share, against $309.7 million in the same quarter a year earlier 1.

Inbound orders, the value of new contracts signed, were $2,319.5 million, down 12.4 percent from a year earlier 1. Backlog, the work signed but not yet delivered, stood at $16,065.8 million 1. Subsea book-to-bill, orders divided by revenue, was 0.8x 1.

The company raised its 2026 Subsea revenue guidance to a range of $9.6 billion to $9.8 billion, from $9.2 billion to $9.6 billion 1. It also set 2027 Subsea revenue guidance of $10.0 billion to $10.4 billion 1.

Chief executive Doug Pferdehirt said the company expects Subsea orders of at least $14.5 billion over the next five quarters, counting 2027 1. The open question is whether new awards lift orders back above revenue after the 0.8x quarter 1.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.