# SLB Q3 2026 Earnings Report Highlights

> SLB reports 5% sequential revenue growth with Middle East recovery driving Q3 results.
- Title: SLB Q3 2026 Earnings Report Highlights · The Motley Fool
- Summary: 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%…
- Keywords: slb, q3 2026, earnings call, revenue, middle east, deepwater, production systems, digital operations, data center solutions, championx, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/23/slb-slb-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-23T17:53:15+00:00
- Read time: 1 min
- Topics: slb, q3 2026, earnings call, revenue, middle east, deepwater, production systems, digital operations, data center solutions, championx, finance, money
## 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.
## Key takeaway

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.