SLB reported second-quarter revenue of $8.97 billion, a 5% year-over-year increase, and adjusted EPS of $0.55, a 26% decrease year-over-year. Compared to the prior quarter, revenue grew 3% and adjusted EPS increased 6%, with results exceeding analyst expectations on both the top and bottom lines.
Key Highlights
- International revenue grew 3% sequentially to $6.67 billion, which more than offset a 13% sequential revenue decline in the Middle East stemming from regional conflict-related disruptions.
- Growth was led by strong sequential performance in the Production Systems and Digital divisions, which saw revenue increase 7% to $3.77 billion and 9% to $697 million, respectively.
- Digital Annual Recurring Revenue (ARR) reached $1.04 billion as of June 30, 2026, representing a 15% increase year-on-year and beating prior estimates.
- The Data Center Solutions business grew 63% year-on-year in the first half of 2026 and is on track to exceed a $1 billion annualized revenue run rate by year-end.