SLB third quarter 2026 financial reporting

SLB announced it would hold a conference call on October 23, 2026, to discuss its third-quarter financial results.

Upon reporting the results, the company revealed a 6% year-over-year increase in revenue to $9.449 billion, though adjusted diluted earnings per share decreased by 7% to $0.64. The revenue figures were bolstered by the ChampionX acquisition, which contributed $956 million; without this acquisition, revenue growth was 2% compared to the previous year.

Regional performance varied, with North American revenue rising 24% year-over-year to $2.401 billion. Revenue from the Middle East and Asia reached $2.807 billion, a 9% increase from the second quarter but a 6% decrease from the same period last year. CEO Olivier Le Peuch attributed sequential growth across all regions to North American land growth and international deepwater offshore activity. Additionally, the company reported that Data Center Solutions revenue grew 23% sequentially, which Le Peuch linked to AI-driven demand for digital infrastructure investments.