Filing Flows › Seadrill (SDRL) › Q2 2026 › vs Q1 2026
Seadrill (SDRL) Q2 2026 vs Q1 2026 (quarter over quarter)
Seadrill's revenue rose $91.0M (+25%) from $358M in Q1 2026 to $449M in Q2 2026. Operating margin 16.0% against 6.7% (+9.3 pts).
Seadrill, Q2 2026: revenue $449M (+19% year over year), operating margin 16.0%, net earnings $29.0M, operating cash flow −$18.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 16.0% | 6.7% | +9.3 pts |
| Net margin | 6.5% | -2.0% | +8.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $449M | $358M | $91.0M | +25% |
| Operating profit | $72.0M | $24.0M | $48.0M | +200% |
| Costs & expenses | $377M | $334M | $43.0M | +13% |
| Pre-tax earnings | $41.0M | $16.0M | $25.0M | +156% |
| Other expense, net | $31.0M | $8.0M | $23.0M | +288% |
| SG&A | $29.0M | $25.0M | $4.0M | +16% |
| Other operating costs | $348M | $309M | $39.0M | +13% |
| Net earnings | $29.0M | −$7.0M | $36.0M | — |
| Income tax | $12.0M | $23.0M | −$11.0M | -48% |
| Operating cash sources | $124M | $87.0M | $37.0M | +43% |
| Depreciation & amortization | $72.0M | $71.0M | $1.0M | +1% |
| Share-based compensation | $5.0M | $1.0M | $4.0M | +400% |
| Cash used in operations | $18.0M | $22.0M | −$4.0M | -18% |
| Working capital & other | $124M | $87.0M | $37.0M | +43% |
Questions
How much did Seadrill's revenue grow quarter over quarter in Q2 2026?
Seadrill's revenue rose $91.0M (+25%) from $358M in Q1 2026 to $449M in Q2 2026. Operating margin 16.0% against 6.7% (+9.3 pts).