Loading
Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $9.28B | +3.3% | $0.77 | 0.0% | 18.2% | 11.8% | $1.72B |
| FY2025 Q1 | $8.49B | -2.5% | $0.58 | -21.6% | 15.8% | 9.4% | $262M |
| FY2025 Q2 | $8.55B | -6.5% | $0.74 | -3.9% | 15.7% | 11.9% | $822M |
| FY2025 Q3 | $8.93B | -2.5% | $0.50 | -39.8% | 14.7% | 8.3% | $1.22B |
| FY2025 Q4 | $9.74B | +5.0% | $0.53 | -31.2% | 15.0% | 8.2% | $2.49B |
| FY2026 Q1 | $8.72B | +2.7% | $0.50 | -13.8% | 11.8% | 8.6% | $144M |
| FY2026 Q2 | $8.97B | +5.0% | $0.52 | -29.7% | 12.7% | 8.8% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| David Anderson | Barclays | 14 (0%) |
| Arun Jayaram | JPMorgan | 14 (7%) |
| Scott Gruber | Citigroup | 13 (15%) |
| Neil Mehta | Goldman Sachs | 12 (0%) |
| James West | Melius Research | 8 (0%) |
| Roger Read | Wells Fargo | 5 (20%) |
| Marc Bianchi | TD Cowen | 5 (0%) |
| Josh Silverstein | UBS | 4 (0%) |
| Steve Richardson | Evercore ISI | 4 (0%) |
| Saurabh Pant | Bank of America | 4 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Barclays | 1 | 14 (0%) |
| JPMorgan | 1 | 14 (7%) |
| Citigroup | 1 | 13 (15%) |
| Goldman Sachs | 1 |
| 12 (0%) |
| Melius Research | 1 | 8 (0%) |
| Wells Fargo | 1 | 5 (20%) |
| TD Cowen | 1 | 5 (0%) |
| Bank of America | 1 | 4 (0%) |
Revenue grew 3% year-over-year to $8.7 billion but adjusted EBITDA margin compressed 346 basis points as Middle East conflict severely disrupted operations, with EPS declining 13.8% to $0.52. ChampionX integration delivered accretive growth and digital and AI adoption accelerated, while data center solutions continued scaling rapidly. No formal full-year guidance was provided as the company offered only Q2 scenario-based outlook, estimating the Middle East revenue and earnings decline would be fully offset by other international markets combined.
Demand | Revenue Growth | Cloud & AI | Geographic Expansion | Capex Investment | Margin | Macroeconomic | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 7 | 3 | 3 | 2 | 1 | 1 | |
| 2025Q1 | 5 | 3 | 1 | 3 | 1 | 3 | 1 | 2 |
| 2025Q2 | 4 | 3 | 2 | 2 | 1 | 3 | 2 | |
| 2025Q3 | 3 | 3 | 4 | 2 | 1 | 1 | 1 | 2 |
| 2025Q4 | 5 | 4 | 1 | 4 | 4 | 1 | 3 | |
| 2026Q1 | 1 | 6 | 2 | 6 | 2 | 4 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 5 | 4 | 3 | 5 | |
| Revenue Growth | 7 | 3 | 3 | 3 | 4 | 1 |
| Cloud & AI | 3 | 1 | 2 | 4 | 1 | 6 |
| Geographic Expansion | 3 | 3 | 2 | 2 | 4 | 2 |
| Capex Investment | 1 | 1 | 1 | 4 | 6 | |
| Margin | 2 | 3 | 3 | 1 | 2 | |
| Macroeconomic | 1 | 1 | 2 | 1 | 1 | 4 |
| Competitive Dynamics | 1 | 2 | 2 | 3 | 2 |
What SLB and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“we think SLB is a very good partner on that. And as part of that decision to divest, we also have a new distribution partnership with SLB that we are quite excited about as we close that.”
S&P Global is divesting its Upstream software portfolio to SLB and entering a new distribution partnership with SLB.
“we are continuing to innovate and enhance the project we have with Equinor in Norway”
SLB continues to expand subsea processing/recovery projects with Equinor in Norway (Asgard, Gullfaks), a read-through on Equinor's offshore recovery spend.
“We have partnered with Subsea7, which gives us, when customers ask for integrated offerings, the integrated capability to deliver”
SLB's OneSubsea partnership with Subsea7 provides integrated EPCI capability that strengthens its competitive positioning in offshore subsea.
“we have entered an agreement to pursue a strategic partnership with S&P Global Commodity Insights around AI”
SLB is forming an AI strategic partnership with S&P Global Commodity Insights to apply LLMs and domain foundation models to S&P's global datasets.
“we have come to an agreement with S&P Global Commodity Insights to acquire the upstream petrotechnical software suite”
SLB is acquiring S&P Global Commodity Insights' upstream petrotechnical software suite (not its data) to expand its digital unconventional workflows.
“our recent announcement to serve as a modular design partner for NVIDIA DSX AI factories”
SLB was selected as NVIDIA's modular design partner for DSX AI factories, a read-through on NVIDIA's data-center build-out and SLB's data-center business.
“Production Systems year-on-year revenue increased 23% due to the acquisition of ChampionX, which continued to deliver accretive growth.”
SLB's acquired ChampionX business is driving Production Systems growth and margin accretion, a read-through on ChampionX's production chemicals and artificial lift demand.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SLB Schlumberger | 2 | +2.7% | |
| BKR Baker Hughes | 6 | +2.5% | |
| HAL Halliburton | 4 | -0.3% |