TechnipFMC Q1 revenue up 12%, net income doubles to $260M; $2B buyback authorized

Filed April 30, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~1 min read

Key Changes

• high

  Net income surged 84% to $260.5M in Q1 2026 from $142.0M in Q1 2025, driven by improved operating leverage and favorable project mix in Subsea segment.

  MD&A: Net Income verify on EDGAR →
• high

  Board authorized additional $2.0B in share repurchases in October 2025, bringing total authorization to $3.8B. Q1 2026 buybacks totaled $264.8M at $61.61/share versus $250.1M at $28.01/share in Q1 2025.

  Controls: Share Repurchase Authorization verify on EDGAR →
• high

  Revenue grew 11.6% to $2.5B, accelerating from 9.4% growth in the prior-year period, driven by stronger Subsea backlog conversion and activity in Brazil, Mozambique, and Suriname.

  MD&A: Revenue Growth verify on EDGAR →