Analyst Consensus ?
ConsensusBuy50 ratings
Bullish3264.0%
Neutral1836.0%
Bearish00.0%
TechnipFMC plc · FTI · FY2025 Q4 · Calendar Q1 2026
TechnipFMC enters 2026 with raised Subsea outlook and execution questions
Management described a stronger 2026 Subsea outlook, supported by iEPCI and Subsea 2.0 adoption, a sizable backlog, and a capital-light operating approach. The thesis depends on converting demand into profitable execution; capacity, standardization and services-growth questions remain material.
Reported Before market openNYSEEnergy
$26.74B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.70
Consensus $0.52
EPS surprise
+35.9%
Reported versus consensus
Reported revenue
$2.52B
Consensus $2.54B
Revenue surprise
-0.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.8%
Event window
SPY move
-0.3%
Same window
Abnormal move
-0.6%
Stock minus SPY
Volume
2.1×
Versus trailing sessions
Subsequent drift
+7.2%
Up to 20 sessions
FTISPY benchmark
Ask FN2 about FTI FY2025 Q4
Transcript, numbers and history already loaded
Why did FTI fall 0.8% after beating EPS estimates in FY2025 Q4?What changed in FTI's guidance and outlook in FY2025 Q4?Give me the bull and bear case for FTI after FY2025 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter discussion, the current analysis emphasizes the completed 2025 performance and raised 2026 outlook, alongside the scale and composition of the Subsea backlog. Management also highlighted broad adoption of configure-to-order offerings, while questions around implementation capacity and margin expansion remain unresolved.
Guidance delta
Management raised its 2026 outlook, including Subsea revenue and margin expectations and total-company adjusted EBITDA guidance. The transcript analysis also describes a roughly $2 billion Subsea Services revenue expectation; execution against these objectives remains to be demonstrated.
Key takeaways
- Management tied growth and margin improvement to iEPCI and Subsea 2.0 adoption.
- A high-quality Subsea backlog and continued inbound support the stated 2026 outlook.
- The capital-light approach and planned cash returns remain part of management’s framework.
- Reported quarter results showed EPS above consensus while revenue was slightly below consensus.
Management priorities
- Broaden configure-to-order offerings across product platforms.
- Industrialize and simplify operations, including SURF processes.
- Expand iEPCI and Subsea 2.0 adoption across basins and greenfield projects.
- Grow Subsea Services while maintaining disciplined capital expenditure and cash returns.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$68.77Previous close
$8.5Low
$48.87Average
$89High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Overweight | Overweight | Maintain | Oct 15, 2026 |
| Citigroup | Buy | Buy | Maintain | Sep 15, 2026 |
| Susquehanna | Positive | Positive | Maintain | Jul 8, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | May 1, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | May 1, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Apr 15, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 15, 2026 |
| BMO Capital | Market Perform | Market Perform | Maintain | Feb 23, 2026 |
| HSBC | Hold | Buy | Downgrade | Feb 20, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jan 7, 2026 |
| Jefferies | Buy | Buy | Maintain | Nov 3, 2025 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 2, 2025 |
| BTIG | Neutral | Buy | Downgrade | Jul 14, 2025 |
| B of A Securities | Buy | Buy | Maintain | Oct 14, 2024 |
| Benchmark | Buy | Buy | Maintain | Apr 26, 2024 |
| Exane BNP Paribas | Neutral | Outperform | Downgrade | Nov 6, 2023 |
| Kepler Cheuvreux | Hold | Buy | Downgrade | Aug 1, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 24, 2023 |
| Societe Generale | Hold | Buy | Downgrade | Nov 15, 2021 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Apr 16, 2021 |
| UBS | Neutral | Buy | Downgrade | Feb 18, 2021 |
| Berenberg | Hold | Buy | Downgrade | Feb 1, 2021 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 27, 2020 |
| CFRA | Hold | Hold | Maintain | Apr 23, 2020 |
| Bernstein | Outperform | Underperform | Upgrade | Apr 6, 2020 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 20, 2019 |
| Seaport Global | Buy | Neutral | Upgrade | Dec 14, 2018 |
| Credit Suisse | Outperform | Outperform | Maintain | Oct 29, 2018 |
| Gabelli & Co. | Buy | Hold | Upgrade | Oct 20, 2017 |
| Griffin Securities | Buy | Neutral | Upgrade | Nov 23, 2016 |
| Capital One Financial | Overweight | Equal Weight | Upgrade | Aug 25, 2016 |
| Capital One | Overweight | Equal Weight | Upgrade | Aug 25, 2016 |
| Nomura | Neutral | Neutral | Maintain | Apr 7, 2016 |
| Macquarie | Neutral | Neutral | Maintain | Feb 22, 2016 |
| Oppenheimer | Perform | Perform | Maintain | Jan 12, 2016 |
| KLR Group | Buy | Buy | Maintain | Dec 14, 2015 |
| Guggenheim | Buy | Neutral | Upgrade | Nov 30, 2015 |
| FBR Capital | Market Perform | Underperform | Upgrade | Jul 23, 2015 |
| Baird | Neutral | Neutral | Maintain | Jul 22, 2015 |
| Raymond James | Market Perform | Outperform | Downgrade | Apr 13, 2015 |
| William Blair | Perform | Outperform | Downgrade | Feb 10, 2014 |
| Clarksons Platou | Outperform | Outperform | Maintain | Oct 7, 2013 |
| Bank of America | Neutral | Buy | Downgrade | Jul 17, 2013 |
| Dahlman Rose | Buy | Hold | Upgrade | Feb 22, 2013 |
| Global Hunter Securities | Buy | Neutral | Upgrade | Jan 14, 2013 |
| Sterne Agee | Buy | Neutral | Upgrade | Jan 8, 2013 |
| Scotia Howard Weil | Outperform | Sector Outperform | Maintain | Jan 7, 2013 |
| Lazard | Buy | Buy | Maintain | Sep 28, 2012 |
| ISI Group | Buy | Buy | Maintain | Jul 26, 2012 |
| Pritchard Capital Partners | Buy | Buy | Maintain | Apr 26, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $68.77. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Barclays | Analyst unavailable | $86 | $69.5 | +25.1% | Oct 15, 2026 |
| UBS | Analyst unavailable | $89 | $69.75 | +29.4% | Oct 12, 2026 |
| UBS | Analyst unavailable | $80 | $67.94 | +16.3% | Jun 3, 2026 |
| Evercore ISI | Analyst unavailable | $83 | $75.37 | +20.7% | May 1, 2026 |
| Barclays | Analyst unavailable | $70 | $75.57 | +1.8% | May 1, 2026 |
| Piper Sandler | Derek Podhaizer | $80 | $72 | +16.3% | Apr 15, 2026 |
| BMO Capital | Phillip Jungwirth | $67 | $64.6 | -2.6% | Feb 23, 2026 |
| UBS | Analyst unavailable | $71 | $62.43 | +3.2% | Feb 20, 2026 |
| UBS | Analyst unavailable | $70 | $61.76 | +1.8% | Feb 20, 2026 |
| Barclays | Analyst unavailable | $69 | $61.76 | +0.3% | Feb 20, 2026 |
| HSBC | Analyst unavailable | $62 | $61.76 | -9.8% | Feb 20, 2026 |
| Susquehanna | Analyst unavailable | $56 | $49.64 | -18.6% | Jan 7, 2026 |
| Piper Sandler | Analyst unavailable | $52 | $44.38 | -24.4% | Dec 18, 2025 |
| Jefferies | Mark Wilson | $50 | $41.35 | -27.3% | Nov 3, 2025 |
| RBC Capital | Victoria McCulloch | $47 | $41.46 | -31.7% | Oct 28, 2025 |
| UBS | Analyst unavailable | $47 | $41.14 | -31.7% | Oct 28, 2025 |
| UBS | Analyst unavailable | $53 | $40.54 | -22.9% | Oct 27, 2025 |
| Piper Sandler | Derek Podhaizer | $49 | $40.92 | -28.7% | Oct 24, 2025 |
| Piper Sandler | Analyst unavailable | $48 | $36 | -30.2% | Oct 14, 2025 |
| BNP Paribas | Analyst unavailable | $47 | $36.9 | -31.7% | Oct 10, 2025 |
| Susquehanna | Charles Minervino | $45 | $36.45 | -34.6% | Jul 25, 2025 |
| Bernstein | Nicholas Green | $32 | $29.69 | -53.5% | May 23, 2025 |
| UBS | Analyst unavailable | $43 | $28.2 | -37.5% | Mar 3, 2025 |
| UBS | Analyst unavailable | $41 | $29.44 | -40.4% | Feb 28, 2025 |
| Barclays | David Anderson | $42 | $28.85 | -38.9% | Dec 18, 2024 |
| Goldman Sachs | Ati Modak | $38 | $30.88 | -44.7% | Dec 12, 2024 |
| RBC Capital | Victoria McCulloch | $37 | $25.98 | -46.2% | Nov 18, 2024 |
| HSBC | Abhishek Kumar | $32 | $26.04 | -53.5% | Oct 29, 2024 |
| BTIG | Greg Lewis | $33 | $25.86 | -52.0% | Oct 24, 2024 |
| BMO Capital | Phillip Jungwirth | $33 | $27.09 | -52.0% | Oct 10, 2024 |
| Citigroup | Scott Gruber | $34 | $29.35 | -50.6% | Jul 30, 2024 |
| Piper Sandler | Luke Lemoine | $34 | $25.96 | -50.6% | May 6, 2024 |
| BTIG | Greg Lewis | $30 | $26.9 | -56.4% | Apr 25, 2024 |
| BMO Capital | Phillip Jungwirth | $10 | $7.24 | -85.5% | Jul 22, 2021 |
| UBS | Amy Wong | $8.75 | $7.4 | -87.3% | Apr 30, 2021 |
| Morgan Stanley | Sasikanth Chilukuru | $8.5 | $7.27 | -87.6% | Apr 16, 2021 |
Track every rating change on FTI the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTechnipFMC plc is a global technology and services provider primarily focused on the energy industry, operating across Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East. The company's Subsea division delivers comprehensive, end-to-end solutions for deepwater oil and gas production and transportation. This includes the full lifecycle from design, engineering, procurement, manufacturing, and fabrication to installation and ongoing field support for subsea systems, infrastructure, and pipelines. Key offerings include advanced subsea production and processing systems, umbilical, riser, and flowline solutions, specialized vessels, and the digital platform "Subsea Studio," which optimizes the development and operation of subsea fields. Additionally, this segment provides well and asset services, alongside research, engineering, manufacturing, and supply chain management.…
Historical context
All FTI earningsEnergy peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CVX Chevron Corporation | FY2026 Q3 · Calendar Q4 2026 | +8.4% | +1.8% | Chevron posts strong Q3 as production, cash flow and AI value rise |
| XOM Exxonmobil Holdings Corporation | FY2026 Q3 · Calendar Q4 2026 | +2.7% | +2.2% | ExxonMobil Highlights Refining, LNG and Cash Returns in Q3 |
| IMO Imperial Oil Limited | FY2026 Q3 · Calendar Q4 2026 | +6.4% | +5.5% | Imperial Oil: downstream strength and low-carbon growth lead Q3 |
| CCJ Cameco Corporation | FY2026 Q3 · Calendar Q4 2026 | -101.4% | -7.9% | Cameco keeps nuclear-growth thesis intact as Key Lake outage weighs |
| BP BP p.l.c. | FY2026 Q3 · Calendar Q4 2026 | +22.6% | +0.1% | BP Q3: Strong profit, lower debt, safety risks persist |
| FSLR First Solar, Inc. | FY2026 Q3 · Calendar Q4 2026 | +13.5% | -1.4% | First Solar: Margin gains offset lower volume outlook |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the FTI recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T11:20:42.373085+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T11:20:42.370072+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.