Filing Flows › Halliburton (HAL) › Q3 2026 › vs Q2 2026
Halliburton (HAL) Q3 2026 vs Q2 2026 (quarter over quarter)
Halliburton's revenue fell $11.0M (-0.2%) from $5.7B in Q2 2026 to $5.7B in Q3 2026. The biggest changes: Services −$17.0M (-0.4%); Product sales +$6.0M (+0.4%). Operating margin 10.9% against 13.6% (-2.7 pts).
Halliburton, Q3 2026: revenue $5.7B (+2% year over year), operating margin 10.9%, net earnings $419M, operating cash flow $368M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 10.9% | 13.6% | -2.7 pts |
| Net margin | 7.3% | 9.4% | -2.1 pts |
| Free cash flow margin | 1.8% | 10.3% | -8.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Services | $4.1B | $4.1B | −$17.0M | -0.4% |
| Product sales | $1.6B | $1.6B | $6.0M | +0.4% |
| Revenue | $5.7B | $5.7B | −$11.0M | -0.2% |
| Operating profit | $624M | $778M | −$154M | -20% |
| Costs & expenses | $5.1B | $4.9B | $143M | +3% |
| Pre-tax earnings | $513M | $664M | −$151M | -23% |
| Other expense, net | $111M | $114M | −$3.0M | -3% |
| General & admin | $67.0M | $75.0M | −$8.0M | -11% |
| Other operating costs | $5.0B | $4.9B | $151M | +3% |
| Net earnings | $419M | $538M | −$119M | -22% |
| Income tax | $94.0M | $126M | −$32.0M | -25% |
| Depreciation & amortization | $296M | $296M | $0 | 0% |
| Working capital & other | $347M | $10.0M | $337M | 35× |
| Operating cash flow | $368M | $824M | −$456M | -55% |
| Free cash flow (OCF − capex) | $102M | $589M | −$487M | -83% |
| Capital expenditures | $266M | $235M | $31.0M | +13% |
Questions
How much did Halliburton's revenue grow quarter over quarter in Q3 2026?
Halliburton's revenue fell $11.0M (-0.2%) from $5.7B in Q2 2026 to $5.7B in Q3 2026.
What drove Halliburton's revenue change in Q3 2026?
Services −$17.0M (-0.4%); Product sales +$6.0M (+0.4%).