Filing Flows › SLB Limited (SLB) › Q1 2026
SLB Limited (SLB) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
SLB Limited (SLB) reported revenue of $8.7B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -11% from the quarter before. Operating margin was 11.0%, net earnings $752M (8.6% of revenue).
SLB Limited, Q1 2026: revenue $8.7B (+3% year over year), operating margin 11.0%, net earnings $752M, operating cash flow $487M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.7B | -11% | +3% |
| Operating profit | $956M | +1% | -10% |
| Net earnings | $752M | -9% | -6% |
| Operating cash flow | $487M | -84% | -26% |
| Free cash flow | $144M | -94% | -45% |
What changed
Revenue was $8.7B in Q1 2026, up 3% year over year and down 11% from the previous quarter. Service was the largest line at 56% of revenue. Product added $0.68B year over year (up 22%), 294% of the total change. Service declined 8%.
Operating profit was $1.0B, a 11.0% margin (down 1.6 points year over year). Operating profit fell $0.11B even though revenue rose $0.23B versus Q1 2025, so costs grew faster than sales. Total costs grew 5% against revenue growth of 3%. Net earnings were $0.75B, down 6% year over year. The effective tax rate was 20.4%.
Operating cash flow was $0.49B (down 26% year over year), 64% of net earnings. Non-cash charges added back $0.69B of depreciation and amortization and $0.10B of share-based compensation. Working capital and other items used $1.1B. Capital expenditures of $0.34B left free cash flow of $0.14B.
Questions
What was SLB Limited's revenue in the first quarter 2026?
SLB Limited (SLB) reported revenue of $8.7B for the first quarter 2026 (Q1 2026), +3% from a year earlier and -11% from the quarter before.
Was SLB Limited profitable in the first quarter 2026?
Operating profit was $956M (11.0% of revenue) and net earnings $752M.
Source: SLB Limited 10-Q on SEC EDGAR.