Filing Flows › Halliburton (HAL) › Q1 2026
Halliburton (HAL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
Halliburton (HAL) reported revenue of $5.4B for the first quarter 2026 (Q1 2026), -0.3% from a year earlier and -5% from the quarter before. Operating margin was 12.6%, net earnings $464M (8.6% of revenue).
Halliburton, Q1 2026: revenue $5.4B (-0.3% year over year), operating margin 12.6%, net earnings $464M, operating cash flow $273M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4B | -5% | -0.3% |
| Operating profit | $679M | -9% | +58% |
| Net earnings | $464M | -21% | +129% |
| Operating cash flow | $273M | -77% | -28% |
| Free cash flow | $81.0M | -90% | +8% |
What changed
Revenue was $5.4B in Q1 2026, roughly flat year over year and down 5% from the previous quarter. Services was the largest line at 71% of revenue. Product sales lost $0.03B year over year (down 2%), 193% of the total change.
Operating profit was $0.68B, a 12.6% margin (up 4.6 points year over year). Total costs fell 5% while revenue was flat. Net earnings were $0.46B, up 126% year over year. The effective tax rate was 18.5%.
Operating cash flow was $0.27B (down 28% year over year), 59% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization. Working capital and other items used $0.49B. Capital expenditures of $0.19B left free cash flow of $0.08B.
Questions
What was Halliburton's revenue in the first quarter 2026?
Halliburton (HAL) reported revenue of $5.4B for the first quarter 2026 (Q1 2026), -0.3% from a year earlier and -5% from the quarter before.
Was Halliburton profitable in the first quarter 2026?
Operating profit was $679M (12.6% of revenue) and net earnings $464M.
Source: Halliburton 10-Q on SEC EDGAR.