SLB Reports Q3 2026 Financial Results: Revenue Reaches $9.45B

Executive Summary

On October 23, 2026, SLB LIMITED/NV filed a Current Report on Form 8-K under Items 2.02 and 7.01 to disclose its financial results for the third quarter ended September 30, 2026.

Key Financial Highlights

• Revenue: Total third-quarter revenue stood at $9.45 billion, representing a 5% sequential growth compared to $8.97 billion in Q2 2026, and a 6% increase year-on-year compared to $8.93 billion in Q3 2025.
• GAAP Net Income & EPS: GAAP net income attributable to SLB was $735 million ($0.49 per diluted share), decreasing 6% sequentially and 1% year-on-year.
• Adjusted Earnings: Excluding charges and credits, diluted EPS was $0.64, rising 16% sequentially from $0.55 in Q2 2026, but falling 7% from $0.69 in Q3 2025. Adjusted net income reached $962 million.
• Adjusted EBITDA: Rose 9% sequentially to $2.07 billion with an adjusted EBITDA margin of 21.9% (up 71 basis points sequentially).
• Operating Cash Flow and Free Cash Flow: Cash flow from operations was $1.51 billion, while free cash flow came in at $828 million.
• Dividends: The Board of Directors approved a regular quarterly cash dividend of $0.295 per share.

Segment Performance

• Digital: Revenue of $693 million (-1% QoQ, +5% YoY); pretax operating income of $194 million (28.0% margin).
• Reservoir Performance: Revenue of $1.63 billion (+5% QoQ, -3% YoY); pretax operating income of $266 million (16.3% margin).
• Well Construction: Revenue of $2.89 billion (+5% QoQ, -3% YoY); pretax operating income of $475 million (16.4% margin).
• Production Systems: Revenue of $4.00 billion (+6% QoQ, +15% YoY); pretax operating income of $646 million (16.1% margin).

ChampionX Contribution

Acquired ChampionX businesses contributed $956 million in revenue, $239 million in adjusted EBITDA, and $190 million in pretax segment operating income during Q3 2026, compared to two months of contribution in Q3 2025 ($579 million in revenue).