SLB sees a gradual Middle East recovery, deepwater upside and rising digital demand supporting stronger revenues, margins and cash flow.
Explore how SLB's (SLB) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.
SLB is rated Buy, with a base case of ~30% upside plus a 2.25% dividend, grounded in normalized multiples on 2027 earnings. Q2 results were mixed year-on-year but sequentially strong, with revenue up 3%, adjusted EBITDA up 7%, and margin expansion, despite Middle East headwinds. Guidance for Q4 is robust: revenue above $10 billion, 24% adjusted EBITDA margin, and a Middle East recovery to $2.1–$2.2 billion in revenue.
SLB N.V. (SLB) Q2 2026 Earnings Call Transcript
SLB NYSE: SLB reported second-quarter revenue of $9 billion, up 3% sequentially, as growth in Latin America, Europe and Africa, U.S. land and Asia more than offset disruptions in the Middle East. Adjusted earnings per share were $0.55, up $0.03 from the prior quarter but down $0.19 from a year earlier, according to Chief Financial Officer Stephane Biguet.
SLB Q2 earnings & revenues top estimates as Digital and Production Systems growth offsets regional weakness, while data center momentum continues to accelerate.
SLB NV (NYSE:SLB) stock is enjoying a post-earnings lift, last spotted up 9.4% at $50.85.
SLB (SLB) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.74 per share a year ago.
SLB posts better-than-expected earnings as demand for its oilfield services increases outside the Middle East.
SLB beat Wall Street expectations for second-quarter profit on Friday, as resilient demand across key markets helped the top U.S. oilfield services firm ride out weakness in the Middle East due to the Iran war.
SLB enters second-quarter earnings season with stronger oil price tailwinds, though lower earnings expectations may weigh on the upcoming report.
In the latest trading session, SLB (SLB) closed at $46.39, marking a -1.28% move from the previous day.