Q2 26 EPS
$0.55
BEAT +2.29%
Est. $0.54
Q2 26 Revenue
$5.70B
BEAT +3.72%
Est. $5.50B
Market Reaction
Did HAL Beat Earnings? Q2 2026 Results
Halliburton delivered a clean beat in Q2 2026, posting adjusted earnings of $0.55 per diluted share against the $0.54 consensus estimate, a 2.29% beat, while revenue of $5.70 billion topped expectations by 3.72% and grew 3.5% year over year. The stan… Read more Halliburton delivered a clean beat in Q2 2026, posting adjusted earnings of $0.55 per diluted share against the $0.54 consensus estimate, a 2.29% beat, while revenue of $5.70 billion topped expectations by 3.72% and grew 3.5% year over year. The standout driver was a broad sequential acceleration across both business segments, with the Completion and Production unit, which generated $3.20 billion in revenue, up 6% from Q1, fueled by stronger stimulation activity in the Western Hemisphere and improved well intervention in Asia. Geographically, Europe and Africa emerged as the sharpest regional mover, rising 19% sequentially on North Sea momentum and new work in Namibia and Egypt, even as Middle East and Asia slipped 2% amid geopolitical disruptions in Kuwait, Iraq, and Qatar. The quarter also drew investor attention ahead of reporting, with some analysts having flagged potential sector-wide pressure from the Iran conflict. CEO Jeff Miller pointed to differentiated technology and demand growth across every international region as the foundation for continued revenue growth and margin expansion through the remainder of the year.
Key Takeaways
- • Increased stimulation activity in the Western Hemisphere
- • Improved well intervention services in Asia
- • Higher well construction activity in US Land
- • Strong Europe/Africa activity with 19% sequential growth driven by North Sea operations
- • Pre-tax credit of $95 million from equity investment gains and government refund recovery
HAL Forward Guidance & Outlook
CEO Jeff Miller expects the global outlook for Halliburton to be strong, with differentiated technology and value proposition setting the stage for revenue growth and margin expansion. He sees demand growth for services and technology in every international region Halliburton serves, and is encouraged by the recovery in North America, expecting incremental improvements through the year. The company's consistent focus on returns and capital discipline is expected to drive long-term success.
HAL YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
HAL Revenue by Segment
With YoY comparisons, source: SEC Filings
HAL Revenue by Geography
With YoY comparisons, source: SEC Filings
“I am pleased with Halliburton's performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion.”
— Jeff Miller, Q2 2026 Earnings Press Release
HAL Earnings Trends
HAL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HAL EPS Trend
Earnings per share: estimate vs actual
HAL Revenue Trend
Quarterly revenue: estimate vs actual
HAL Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $0.54 | $0.55 | +2.29% | $5.70B | +3.72% |
| Q1 26 BEAT | $0.50 | $0.55 | +10.55% | $5.40B | +1.80% |
| Q4 25 BEAT FY | $0.55 | $0.69 | +26.33% | $5.70B | +5.33% |
| FY Full Year | $2.26 | — | — | $22.20B | +1.26% |
| Q3 25 BEAT | $0.50 | $0.58 | +16.94% | $5.60B | +3.91% |
| Q2 25 MISS | $0.55 | $0.55 | -0.72% | $5.50B | +1.68% |
| Q1 25 MISS | $0.60 | $0.60 | -0.43% | $5.40B | +2.26% |