Filing Flows › SLB Limited (SLB) › Q2 2026 › vs Q1 2026
SLB Limited (SLB) Q2 2026 vs Q1 2026 (quarter over quarter)
SLB Limited's revenue rose $251M (+3%) from $8.7B in Q1 2026 to $9.0B in Q2 2026. The biggest changes: Service +$281M (+6%); Product −$30.0M (-0.8%). Operating margin 11.4% against 11.0% (+0.4 pts).
SLB Limited, Q2 2026: revenue $9.0B (+5% year over year), operating margin 11.4%, net earnings $786M, operating cash flow $1.4B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.4% | 11.0% | +0.4 pts |
| Net margin | 8.8% | 8.6% | +0.1 pts |
| Free cash flow margin | 10.0% | 1.7% | +8.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Service | $5.2B | $4.9B | $281M | +6% |
| Product | $3.8B | $3.8B | −$30.0M | -0.8% |
| Revenue | $9.0B | $8.7B | $251M | +3% |
| Operating profit | $1.0B | $956M | $63.0M | +7% |
| Costs & expenses | $8.0B | $7.8B | $188M | +2% |
| Pre-tax earnings | $1.0B | $956M | $63.0M | +7% |
| Research & development | $171M | $164M | $7.0M | +4% |
| General & admin | $84.0M | $97.0M | −$13.0M | -13% |
| Other operating costs | $7.7B | $7.5B | $194M | +3% |
| Net earnings | $786M | $752M | $34.0M | +5% |
| Minority interests | $29.0M | $9.0M | $20.0M | +222% |
| Income tax | $204M | $195M | $9.0M | +5% |
| Depreciation & amortization | $712M | $685M | $27.0M | +4% |
| Share-based compensation | $78.0M | $101M | −$23.0M | -23% |
| Working capital & other | $217M | $1.1B | −$834M | -79% |
| Operating cash flow | $1.4B | $487M | $872M | +179% |
| Free cash flow (OCF − capex) | $900M | $144M | $756M | +525% |
| Capital expenditures | $459M | $343M | $116M | +34% |
Questions
How much did SLB Limited's revenue grow quarter over quarter in Q2 2026?
SLB Limited's revenue rose $251M (+3%) from $8.7B in Q1 2026 to $9.0B in Q2 2026.
What drove SLB Limited's revenue change in Q2 2026?
Service +$281M (+6%); Product −$30.0M (-0.8%).