Earnings Releases·Oct 23, 2026, 7:04 AM ET

SLB — Third Quarter 2026 Earnings Summary

Revenue increased 5% sequentially to $9.45 billion and 6% year-on-year, while GAAP net income and diluted EPS declined 6% sequentially and 1-2% year-on-year; Adjusted EBITDA rose 9% sequentially to $2.07 billion with a 21.9% margin.
Full-year 2026 capital investment guidance remains at approximately $2.5 billion, with management citing a compelling 2027 outlook driven by deepwater momentum in Latin America, Europe, Sub-Saharan Africa, and Asia, alongside potential upside from Middle East recovery.
Strategic activity included the August 2026 agreement to acquire Kelvion for approximately $3.4 billion in cash (closing H1 2027) and the September 2026 completion of the S&P Global Energy software acquisition.
Capital return initiatives featured a quarterly cash dividend of $0.295 per share and $656 million in share repurchases during the quarter, bringing total YTD buybacks to $1.76 billion.
Production Systems revenue grew 15% year-on-year to $4.00 billion, while Digital segment Annualized Recurring Revenue (ARR) rose 13% year-on-year to $1.04 billion.