Filing Flows › Halliburton (HAL) › Q2 2026 › vs Q1 2026
Halliburton (HAL) Q2 2026 vs Q1 2026 (quarter over quarter)
Halliburton's revenue rose $312M (+6%) from $5.4B in Q1 2026 to $5.7B in Q2 2026. The biggest changes: Services +$286M (+7%); Product sales +$26.0M (+2%). Operating margin 13.6% against 12.6% (+1.0 pts).
Halliburton, Q2 2026: revenue $5.7B (+4% year over year), operating margin 13.6%, net earnings $534M, operating cash flow $824M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.6% | 12.6% | +1.0 pts |
| Net margin | 9.3% | 8.5% | +0.8 pts |
| Free cash flow margin | 10.3% | 1.5% | +8.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Services | $4.1B | $3.8B | $286M | +7% |
| Product sales | $1.6B | $1.6B | $26.0M | +2% |
| Revenue | $5.7B | $5.4B | $312M | +6% |
| Operating profit | $778M | $679M | $99.0M | +15% |
| Costs & expenses | $4.9B | $4.7B | $213M | +5% |
| Pre-tax earnings | $664M | $569M | $95.0M | +17% |
| Other expense, net | $114M | $110M | $4.0M | +4% |
| General & admin | $75.0M | $62.0M | $13.0M | +21% |
| Other operating costs | $4.9B | $4.7B | $200M | +4% |
| Net earnings | $534M | $461M | $73.0M | +16% |
| Minority interests | $4.0M | $3.0M | $1.0M | +33% |
| Income tax | $126M | $105M | $21.0M | +20% |
| Depreciation & amortization | $296M | $295M | $1.0M | +0.3% |
| Working capital & other | $6.0M | $483M | −$477M | -99% |
| Operating cash flow | $824M | $273M | $551M | +202% |
| Free cash flow (OCF − capex) | $589M | $81.0M | $508M | +627% |
| Capital expenditures | $235M | $192M | $43.0M | +22% |
Questions
How much did Halliburton's revenue grow quarter over quarter in Q2 2026?
Halliburton's revenue rose $312M (+6%) from $5.4B in Q1 2026 to $5.7B in Q2 2026.
What drove Halliburton's revenue change in Q2 2026?
Services +$286M (+7%); Product sales +$26.0M (+2%).