Subsea 7 Q2 FY26 adjusted EBITDA rises 31% to $471 million; revenue increases 10% to $1.93 billion

Reuters2026/07/30 06:06

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Subsea 7 posted Q2 net income of $254 million, up 93.89% year-on-year, as revenue climbed 9.74% to $1.93 billion.
Adjusted EBITDA rose 30.83% from a year earlier to $471 million, lifting the adjusted EBITDA margin by 3 percentage points to 24%.
Backlog edged up to $13.65 billion at June 30 from March 31, with $3.9 billion slated for execution in 2026.
Order intake totaled $2.1 billion, implying a 1.1x book-to-bill ratio for the quarter.
Raised full-year adjusted EBITDA margin guidance to about 24% as the Saipem merger process stayed on track.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Subsea 7 SA published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607300200OMX_____CNEWS_EN_GNW1001255138_en) on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Subsea 7 Q2 FY26 adjusted EBITDA rises 31% to $471 million; revenue increases 10% to $1.93 billion

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