Filing Flows › Seadrill (SDRL) › Q2 2026 › vs Q2 2025
Seadrill (SDRL) Q2 2026 vs Q2 2025 (year over year)
Seadrill's revenue rose $72.0M (+19%) from $377M in Q2 2025 to $449M in Q2 2026. Operating margin 16.0% against 1.6% (+14.4 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 16.0% | 1.6% | +14.4 pts |
| Net margin | 6.5% | -11.1% | +17.6 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $449M | $377M | $72.0M | +19% |
| Operating profit | $72.0M | $6.0M | $66.0M | 12× |
| Costs & expenses | $377M | $371M | $6.0M | +2% |
| Pre-tax earnings | $41.0M | −$13.0M | $54.0M | — |
| Other expense, net | $31.0M | $19.0M | $12.0M | +63% |
| SG&A | $29.0M | $26.0M | $3.0M | +12% |
| Other operating costs | $348M | $345M | $3.0M | +0.9% |
| Net earnings | $29.0M | −$42.0M | $71.0M | — |
| Income tax | $12.0M | $29.0M | −$17.0M | -59% |
| Operating cash sources | $124M | $8.0M | $116M | 16× |
| Depreciation & amortization | $72.0M | $56.0M | $16.0M | +29% |
| Share-based compensation | $5.0M | $5.0M | $0 | 0% |
| Cash used in operations | $18.0M | −$11.0M | $29.0M | — |
| Working capital & other | $124M | $8.0M | $116M | 16× |
Questions
How much did Seadrill's revenue grow year over year in Q2 2026?
Seadrill's revenue rose $72.0M (+19%) from $377M in Q2 2025 to $449M in Q2 2026. Operating margin 16.0% against 1.6% (+14.4 pts).