Filing Flows › SLB Limited (SLB) › Q2 2026
SLB Limited (SLB) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
SLB Limited (SLB) reported revenue of $9.0B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +3% from the quarter before. Operating margin was 11.4%, net earnings $786M (8.8% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.0B | +3% | +5% |
| Operating profit | $1.0B | +7% | -21% |
| Net earnings | $786M | +5% | -22% |
| Operating cash flow | $1.4B | +179% | +19% |
| Free cash flow | $900M | +525% | +17% |
What changed
Revenue was $9.0B in Q2 2026, up 5% year over year and up 3% from the previous quarter. Service was the largest line at 58% of revenue. Product added $0.55B year over year (up 17%), 130% of the total change. Service declined 2%.
Operating profit was $1.0B, a 11.4% margin (down 3.7 points year over year). Operating profit fell $0.27B even though revenue rose $0.43B versus Q2 2025, so costs grew faster than sales. Total costs grew 10% against revenue growth of 5%. The fastest-growing cost line was Other operating costs (+10%). Net earnings were $0.79B, down 22% year over year. The effective tax rate was 20.0%.
Operating cash flow was $1.4B (up 19% year over year), 167% of net income including minority interests. Non-cash charges added back $0.71B of depreciation and amortization and $0.08B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $0.46B left free cash flow of $0.90B.
Questions
What was SLB Limited's revenue in the second quarter 2026?
SLB Limited (SLB) reported revenue of $9.0B for the second quarter 2026 (Q2 2026), +5% from a year earlier and +3% from the quarter before.
Was SLB Limited profitable in the second quarter 2026?
Operating profit was $1.0B (11.4% of revenue) and net earnings $786M.
Source: SLB Limited 10-Q on SEC EDGAR.