Subsea 7 Q2 FY26 adjusted EBITDA rises 31% to $471 million; revenue increases 10% to $1.93 billion
Reuters2026/07/30 06:06- 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: 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.
You may also like
Ivy League’s space gamble: Harvard reveals $2.2 billions SpaceX position, its largest single stock holding
Harvard University Investment Management Company disclosed that it holds $2.2 billion worth of SpaceX shares, making it the largest single stock position in its $4.3 billion US equity portfolio. This holding originated from Harvard’s early investment in SpaceX through venture capital funds, and the position has significantly appreciated after SpaceX’s public listing in June this year. The University of California also disclosed a roughly $1 billion position in SpaceX during the same period. Over the past decade, endowment funds from several universities have made substantial bets on private tech assets.
Circle obtains Major Payment Institution license in Singapore
Crypto prices
More
