Halliburton HAL Q2 2026: EPS and Revenue Both Top Estimates

Halliburton reported Q2 2026 earnings per share of $0.55, edging past the $0.54 consensus estimate by roughly 2.3%. Revenue came in at $5.70 billion, beating estimates of about $5.50 billion by nearly 3.7% and marking a rebound from the $5.40 billion posted in Q1 2026. The results showed the oilfield services giant regaining momentum after four consecutive quarters of sequential revenue declines stretching from Q2 2024 through Q1 2026.

The standout driver was a 19% surge in Europe and Africa operations, which more than offset geopolitical headwinds weighing on Halliburton's Middle East business. That geographic mix shift is worth watching, as it suggests international demand is broadening beyond the Gulf region. CEO Jeff Miller signaled that margin expansion lies ahead across international markets, a forward-looking note that points to management's confidence in sustaining the recovery.

From a trend perspective, the $5.70 billion quarter is Halliburton's strongest revenue print in the data going back to Q2 2024, when the company recorded $5.83 billion. The sequential improvement from Q1 2026's $5.40 billion is the clearest sign yet that the multi-quarter revenue slide has reversed, and Miller's margin commentary suggests profitability could follow the same upward trajectory.