From The Motley Fool · Motley Fool Transcribing · · 1m 50s
SLB Q3 2026 Earnings Report Highlights
SLB reports 5% sequential revenue growth with Middle East recovery driving Q3 results.
In brief
SLB reports 5% sequential revenue growth with Middle East recovery driving Q3 results. SLB achieved $9.45 billion Q3 revenue with 5% sequential growth and 6% year-over-year increase, supported by Middle East recovery and strong international deepwater activity. Originally reported by The Motley Fool.
Q3 Revenue Growth
SLB reported $9.45 billion Q3 revenue with 5% sequential growth and 6% year-over-year increase.
Middle East Recovery
Middle East revenue grew 13% sequentially to $1.9 billion after operational disruptions.
Production Systems
Production systems revenue reached $4 billion with 6% sequential growth.
Digital Operations
Digital revenue grew 23% sequentially to $693 million with AI infrastructure demand.
ChampionX Performance
ChampionX delivered highest quarterly revenue since acquisition in July 2025.
Q4 Revenue Outlook
Q4 revenue expected at approximately $10 billion with 5-7% sequential growth.
Venezuela Growth
Venezuela revenue on track to more than double in 2026 with potential for multifold growth in 2027.
Data Center Solutions
Data center solutions revenue grew 76% year-over-year to $230 million.
Q4 EBITDA Margin Guidance
Q4 adjusted EBITDA margin expected to expand 100-150 basis points from Q3.
Middle East Outlook
Middle East revenue expected to remain flat sequentially at $1.9 billion in Q4.
Capital Investment
Full-year capital investment expected at approximately $2.5 billion.
Stock Repurchases
$656 million in common stock repurchased during Q3 with $2.4 billion target for full year.
OneSubsea Target
OneSubsea on track to exceed $9 billion target for 2025-2026 period.
Kelvion Acquisition
Agreement to acquire Kelvion expected to close in first half of 2027.
Digital Drilling Progress
750,000 feet of automated drilling achieved with 50% year-over-year increase.
2027 Outlook
Global activity growth expected in mid-single digits for 2027 with Middle East stable at current levels.
The big picture
SLB achieved $9.45 billion Q3 revenue with 5% sequential growth and 6% year-over-year increase, supported by Middle East recovery and strong international deepwater activity.
