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TechnipFMC (FTI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
TechnipFMC (FTI) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +12% from a year earlier and -1% from the quarter before. Operating margin was 15.5%, net earnings $260M (10.4% of revenue).
TechnipFMC, Q1 2026: revenue $2.5B (+12% year over year), operating margin 15.5%, net earnings $260M, operating cash flow $332M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -1% | +12% |
| Operating profit | $386M | +22% | +39% |
| Net earnings | $260M | +6% | +81% |
| Operating cash flow | $332M | -27% | -25% |
| Free cash flow | $277M | -23% | -27% |
What changed
Revenue was $2.5B in Q1 2026, up 12% year over year and down 1% from the previous quarter. Subsea was the largest line at 89% of revenue. Subsea added $0.27B year over year (up 14%), 105% of the total change. Surface Technologies declined 4%.
Operating profit was $0.39B, a 15.5% margin (up 3.0 points year over year). Of the extra revenue versus Q1 2025, 42% reached operating profit, above the 12% margin then. Total costs grew 8% against revenue growth of 12%. Net earnings were $0.26B, up 83% year over year. The effective tax rate was 27.0%.
Operating cash flow was $0.33B (down 25% year over year), 128% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization. Working capital and other items used $0.03B. Capital expenditures of $0.06B left free cash flow of $0.28B.
Questions
What was TechnipFMC's revenue in the first quarter 2026?
TechnipFMC (FTI) reported revenue of $2.5B for the first quarter 2026 (Q1 2026), +12% from a year earlier and -1% from the quarter before.
Was TechnipFMC profitable in the first quarter 2026?
Operating profit was $386M (15.5% of revenue) and net earnings $260M.
Source: TechnipFMC 10-Q on SEC EDGAR.