TechnipFMC raises 2026 Subsea revenue guidance to $9.6 billion-$9.8 billion
FTI•TechnipFMC raised its 2026 Subsea revenue forecast to $9.6 billion-$9.8 billion and expects a 21%-22% adjusted EBITDA margin. Full-year free cash flow guidance is $1.45 billion-$1.55 billion.
1. 2026 outlook raised
TechnipFMC raised its 2026 Subsea revenue forecast to $9.6 billion-$9.8 billion, with an adjusted EBITDA margin outlook of 21%-22%. Full-year free cash flow guidance stands at $1.45 billion-$1.55 billion, and the company expects at least $14.5 billion in Subsea orders from the fourth quarter of 2026 through the fourth quarter of 2027.
2. Quarterly activity and pipeline
Third-quarter Subsea revenue rose 5% sequentially to $2.6 billion, driven by higher project activity in Indonesia and Brazil. The Subsea opportunities list reached $32.1 billion, its ninth consecutive quarter of growth.
