01—Abstract
Summary
Summary of the 8-K filed October 23, 2026. Cited figures are marked; the original filing is the authoritative source.
SLB Limited/NV (SLB) reported strong third-quarter 2026 results, with revenue reaching $9.45 billiona, a 5% increase sequentially and a 6% increase year-on-year.
This growth was driven by a broad recovery in the Middle East, robust activity in North America, and increased international deepwater projects. Despite a sequential decline in GAAP EPS to $0.49b, adjusted EPS excluding charges and credits rose to $0.64, indicating operational improvements. The company highlighted significant sequential growth across its Production Systems, Well Construction, and Reservoir Performance divisions, reflecting increased activity across the exploration-to-production lifecycle.
The Data Center Solutions business also continued its accelerated growth trajectory, demonstrating its increasing importance as an independent growth driver. Looking ahead, SLB remains optimistic about supportive market fundamentals and sees a strong outlook for 2027, driven by international expansion and continued momentum in its core and digital businesses.
02—Key points
Key Highlights
- Total revenue for Q3 2026 was $9.45 billion, up 5% sequentially and 6% year-on-year.
- Adjusted EBITDA reached $2.07 billion, a 9% sequential increase, while Adjusted EBITDA margin was 21.9%.
- The Production Systems division saw the highest revenue at $4.00 billion, with a 6% sequential increase.
- Data Center Solutions revenue accelerated, growing 23% sequentially and 76% year-on-year.
- SLB announced a quarterly cash dividend of $0.295 per share, payable in January 2027.
- The company repurchased $656 million of common stock during the quarter as part of its ongoing share repurchase program.
03—Questions
Frequently Asked Questions
What were SLB's key financial results for the third quarter of 2026?
SLB reported revenue of $9.45 billion, a sequential increase of 5% and a year-on-year increase of 6%. GAAP diluted EPS was $0.49, a sequential decrease of 6%, while adjusted EPS (excluding charges and credits) was $0.64, a sequential increase of 16%. Adjusted EBITDA was $2.07 billion, up 9% sequentially.
What is driving the revenue growth for SLB?
Revenue growth is being driven by a broad recovery in the Middle East, increased activity in North America (particularly in U.S. land), and strong performance in international deepwater basins. The Production Systems, Well Construction, and Reservoir Performance divisions all saw sequential revenue increases. The Data Center Solutions business is also a significant growth driver, with substantial sequential and year-on-year increases.
What is the outlook for SLB in the coming quarters and into 2027?
SLB maintains a positive outlook for supportive market fundamentals, anticipating an upcycle driven by energy security needs, international supply diversification, and reserve replacement. The company sees a compelling outlook for 2027, with continued international expansion, deepwater momentum, and growth in its Core, Digital, and Data Center Solutions businesses, with potential upside as Middle East activity fully recovers.
Can you provide details on SLB's strategic acquisitions and their impact?
SLB completed the acquisition of ChampionX during the third quarter of 2025, which contributed $956 million to Q3 2026 revenue. The company also announced an agreement to acquire Kelvion for approximately $3.4 billion in cash, expected to close in the first half of 2027, which will strengthen its Data Center Solutions business. Additionally, SLB completed the acquisition of S&P Global Energy's geoscience and petroleum engineering software business portfolio on September 1, 2026.
04—Continue