SLB (SLB) Q3 2026 Earnings
GAAP EPS of $0.49 includes a $187 million non-cash pension settlement charge ($0.12/share) and $55 million in merger and integration costs ($0.03/share).
How Did SLB Stock React to Q3 2026 Earnings?
Did SLB Beat Earnings? Q3 2026 Results
Yes. SLB reported Q3 2026 earnings of $0.64 a share on Oct 23, 2026, beating the $0.62 consensus estimate by 3.0%. Revenue was $9.4B against a $9.3B estimate.
SLB Limited delivered a broad beat in the third quarter of 2026, with adjusted non-GAAP EPS of $0.64 edging past the $0.62 consensus by 3.04%, extending the company's streak of beating EPS estimates to four consecutive quarters. Revenue of $9.45 billion rose 5.8% year on year, clearing the $9.27 billion consensus by nearly 2%, as sequential momentum built across every geographic region and core division. The standout driver was Production Systems, which generated $4.00 billion in revenue, up 15% year on year, with ChampionX posting its highest quarterly contribution since its acquisition. GAAP EPS of $0.49 trailed the adjusted figure, reflecting a $187 million non-cash pension settlement charge and $55 million in merger and integration costs. Digital annualized recurring revenue reached $1.04 billion, up 13% year on year, while the Data Center Solutions business surged 76% year on year to $230 million. Looking ahead, management cited deepening international diversification and a recovering Middle East as underpinning what it described as a very compelling 2027 outlook, with full-year 2026 capital investment guided at approximately $2.50 billion.
- Middle East recovery driving 13% sequential growth despite late-quarter disruptions
- Strong North America unconventional activity with higher production chemicals and artificial lift sales
- Deepwater offshore momentum across Latin America, Europe & Africa, and Asia
- ChampionX contributing $956 million in Q3 2026 revenue, achieving highest quarterly revenue since acquisition
- Data Center Solutions revenue growing 76% year on year
- Digital annualized recurring revenue reaching $1.04 billion, up 13% year on year
“SLB delivered solid third-quarter results with all regions growing sequentially — led by a gradual recovery in the Middle East, growth in North America land and broadening international activity in deepwater offshore basins.”
SLB CEO, on the earnings call
What Is SLB's Outlook?
Management sees supportive market fundamentals firmly intact, with energy security and supply diversification driving a distinct international upcycle. The international outlook continues to strengthen, driven by deepwater momentum across Latin America, Europe, Sub-Saharan Africa, and Asia, underscored by recent SLB OneSubsea contract awards. International diversification is accelerating as major U.S. shale operators expand abroad. SLB sees a very compelling outlook for 2027 with further upside as Middle East activity recovers. Capital investment for full-year 2026 is expected to be approximately $2.5 billion. The Kelvion acquisition is expected to close in the first half of 2027.
SLB YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $9.4B | $8.9B | +5.8% |
| Operating Income | $1.6B | $1.3B | +19.8% |
| Net Income | $735.0M | $739.0M | −0.5% |
SLB Revenue by Segment
SLB Revenue by Geography
When Does SLB Report Next?
Figures from SEC filings and company reports. Not investment advice.