SLB N.V. (SLB) Earnings
SLB N.V. is expected to report next earnings on July 24, 2026 (in NaN days), with a consensus EPS estimate of $0.53. SLB has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +3.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.51 | $0.52 | +2.6% | $8.7B | +1.1% |
| Jan 23, 2026 | $0.74 | $0.78 | +5.1% | $9.7B | +2.0% |
| Oct 17, 2025 | $0.66 | $0.69 | +5.0% | $8.9B | +0.1% |
| Jul 18, 2025 | $0.72 | $0.74 | +2.5% | $8.5B | +0.6% |
| Apr 25, 2025 | $0.73 | $0.72 | -1.9% | $8.5B | -1.3% |
| Jan 17, 2025 | $0.90 | $0.92 | +2.2% | $9.3B | +1.1% |
| Oct 18, 2024 | $0.88 | $0.89 | +1.1% | $9.2B | -1.2% |
| Jul 19, 2024 | $0.83 | $0.85 | +2.4% | $9.1B | +0.8% |
| Apr 19, 2024 | $0.75 | $0.75 | +0.0% | $8.7B | +0.2% |
| Jan 19, 2024 | $0.84 | $0.86 | +2.4% | $9.0B | +0.3% |
| Oct 20, 2023 | $0.77 | $0.78 | +1.3% | $8.3B | -0.2% |
| Jul 21, 2023 | $0.71 | $0.72 | +1.4% | $8.1B | -1.4% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 24, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Acknowledged the situation in the Middle East and commended the team. • Discussed first quarter performance with challenges in the Middle East and other factors. • Outlined expectations for market evolution post-Middle East conflict, including oil price outlook and upstream investment. • Highlighted strategic growth levers: production recovery, digital, and data centers. • Shared views on second quarter outlook with uncertainty due to geopolitical disruption
Guidance
• Uncertainty in second quarter due to geopolitical disruption. • Scenario where Middle East disruption persists mid-second quarter then eases, with international markets expected to offset Middle East decline, North America revenue flat sequentially. • Digital and Production Systems to grow globally, Reservoir Performance and Well Construction to decline globally. • Target to exit year at $1 billion run rate for data centers with growth accelerating in 2027
Segment performance
Production Systems year-on-year revenue increased 23% due to the acquisition of ChampionX. On a pro forma basis, ChampionX also grew year on year. Digital revenue increased 9% year on year driven by strong uptake in digital operations, with automated footage reading up 145% year on year and data center solutions growing 45% year on year. Reservoir Performance revenue decreased 6% year on year. Well Construction revenue decreased 6% year on year. Production Systems revenue was $3.5 billion, Digital was $640 million, Reservoir Performance was $1.6 billion, Well Construction was $2.8 billion. Digital revenue contribution: 640/8700 ≈ 7.36%, Production Systems: 3500/8700 ≈ 40.23%, Reservoir Performance: 1600/8700 ≈ 18.39%, Well Construction: 2800/8700 ≈ 32.18%
Risks & headwinds
• Disruption in the Middle East impacting operations, revenue, and earnings. • Higher procurement and logistics costs due to Middle East conflict. • Uncertainty in geopolitical developments affecting recovery timelines
Analyst Q&A
Q: Looking past near-term disruptions, views on investment cycle change and end markets with upside.
A: Olivier discussed commodity prices, inventory replenishment, energy security driving investment, with deepwater, Africa, Asia, Americas as key areas.
Q: Middle East recovery, what customers want initially.
A: Olivier said working closely with customers, gradual recovery with assessment, intervention phases.
Q: Digital, longer-term vision of S&P acquisition.
A: Olivier said acquisition complements offering, expands market access.
Q: Data center business outlook.
A: Olivier said on track to $1 billion run rate, progress in securing customers.
Q: Production recovery challenges in Middle East.
A: Olivier said close partnership with customers, gradual resumption.
Q: Digital margin recovery.
A: Stephane said first quarter typically lowest, expect fourth quarter highest.
Q: Digital value-add resilience.
A: Olivier said customers accelerating adoption for efficiency.
Q: OneSubsea margin outlook.
A: Stephane said temporary effects, expect normalization.
Q: Data center M&A areas.
A: Olivier said looking at modular infrastructure areas like thermal management.
Q: Second quarter outlook clarification.
A: Stephane said specific scenario with Middle East impact offset by other operations.
Q: OneSubsea $9 billion awards upside.
A: Olivier said FIDs firming up, strong competitive positioning.
Q: Middle East cost pressure line items.
A: Stephane said logistics and transportation, raw materials.
Q: ChampionX integration.
A: Olivier said accretive, integration progress seen