SLB N.V. (SLB) Earnings Call Transcripts

SLB N.V.'s Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal year 2026, SLB N.V. reported revenue of $9 billion, up 3% sequentially, and earnings per share (EPS) of $0.55, which was slightly below expectations due to Middle East disruptions. Management signaled a positive outlook for the third quarter, projecting revenue growth of 3-4% and an adjusted EBITDA margin expansion of approximately 75 basis points. The company remains focused on recovery in the Middle East and strong performance in digital and data center solutions, which are expected to drive future growth.

Reported metrics

Guidance from management

For Q3, SLB expects global sequential revenue growth of 3-4% and adjusted EBITDA margin expansion of approximately 75 basis points. Preliminary Q4 guidance anticipates revenue exceeding $10 billion, driven by a recovery in the Middle East and strong year-end sales.

What management said

And Scott, to clarify your specific question on the Middle East just to put the numbers back together. So first, Q2 actual revenue in the Middle East was $1.36 billion. And we have assumed in our base case scenario where the global revenue grows between 3% and 4% sequentially, but the Middle East will recover gradually in the third quarter. If it doesn't, if current escalation sees the ongoing mobilization, but Middl...

So now, Neal, on the financial profile of this business to your question. Yes, from a pure margin standpoint, this business is currently not accretive to SLBs overall margins, but of course, it's very accretive to top line growth and very accretive to earnings growth. And as you alluded to, it is a capital-light business model that we have and the type of contract and contractual terms we have result into very strong...

What analysts pressed on

Analysts expressed concerns regarding the pace of recovery in the Middle East, questioning management on the timeline for restoring production capacity and the potential impact of geopolitical risks on future earnings.

Main topics on the call

• Middle East Recovery — Management indicated a gradual recovery in Middle East activity, stating, "We see a gradual recovery unfolding in the third quarter." However, they acknowledged that returning to full activity will take time due to secur...
• Digital and Data Center Solutions Growth — Digital revenue increased 9% sequentially, with adjusted EBITDA margins reaching 34.7%. SLB expects data center solutions to exit 2027 with an annualized revenue run rate exceeding $2 billion, driven by new customer cont...
• Production Systems Performance — Production Systems revenue rose 7% sequentially, supported by higher demand for artificial lift and valves. Management noted, "Production Systems adjusted EBITDA margins returned to above 20% due to strong execution," re...
• Geopolitical Risks — Management highlighted potential downside scenarios due to ongoing geopolitical volatility, estimating that a significant escalation could reduce third-quarter revenue by approximately $150 million. They remain cautious ...

Read the full SLB N.V. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 33 SLB N.V. earnings call transcripts on record, spanning January 17, 2020 to July 24, 2026. Based on this history, SLB N.V. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SLB

Exchange

NYSE

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

33

First call

January 17, 2020

Most recent

July 24, 2026

Reporting cadence

quarterly