AI-extracted from the 10-Q filed 2026-07-30 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
TechnipFMC's Q2 revenue rose 9.0% YoY to $2.8B, driven by Subsea segment growth of 12.2%, with net income surging 35.0% to $362.7M on strong project execution and favorable mix.
Biggest Revenue Drivers
Subsea$2,486.9M+12.2% YoY
Driven by iEPCI® and SPS supply activities conversion of higher backlog, particularly in Latin America, Asia Pacific, Africa, and Middle East
Surface Technologies$276.2M-13.3% YoY
Decline due to scheduled project timing and regional conflict impact in Middle East, partially offset by international market gains
Biggest Revenue Drivers
Total revenue: $2,763.1M+9.0% YoY
Subsea$2,486.9M+12.2% YoY
Driven by iEPCI® and SPS supply activities conversion of higher backlog, particularly in Latin America, Asia Pacific, Africa, and Middle East
Surface Technologies$276.2M-13.3% YoY
Decline due to scheduled project timing and regional conflict impact in Middle East, partially offset by international market gains
Largest Expense Items
Cost of service revenue$1,364.3M+17.8% YoY
Increased volume from higher activity levels
Cost of product revenue$714.1M-8.8% YoY
Favorable activity mix and improved manufacturing efficiencies from Subsea 2.0® initiatives
Selling, general and administrative expense$169.3M-2.3% YoY
Largely unchanged year-over-year
Watch Items from the Filing
Subsea backlog of $15.8B comprises concentrated exposure to major customers: TotalEnergies Mozambique LNG/GranMorgu, bp Tiber/Kaskida/NEP, Petrobras Mero 3, and Shell Orca represent significant portions of forward revenue.
Surface Technologies Middle East revenue declined $40.1M QoQ due to regional conflict impact and scheduled project timing; region represented majority of segment backlog, creating execution risk.
Credit ratings upgraded by Fitch (to BBB from BBB-) and S&P (to BBB from BBB-) in June 2026; company maintains $1.25B available liquidity with no debt covenants violations.
RUPO of $16.4B with 24.6% expected to be recognized in remainder of 2026, indicating steady near-term revenue visibility; Subsea backlog grew 17.4% YoY as of Dec 31, 2025.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About TechnipFMC plc (FTI): stock profile, AI score and financials
TechnipFMC plc (FTI) stock profile, AI quality score, and SEC EDGAR financial data, a Energy sector company. 13F Pro's AI-powered ranking engine scores FTI at 67.9/100 on a composite quality score built from its SEC filings, placing it at rank #330 of 2,925 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), TechnipFMC plc reports quarterly revenue of $2.8B, net income of $362.7M, an operating margin of 19.0%. FTI trades on the NYSE exchange and files with the SEC under CIK 1681459. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FTI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for TechnipFMC plc directly from SEC EDGAR.