Filing Flows › SLB Limited (SLB) › Q3 2026 › vs Q2 2026
SLB Limited (SLB) Q3 2026 vs Q2 2026 (quarter over quarter)
SLB Limited's revenue rose $477M (+5%) from $9.0B in Q2 2026 to $9.4B in Q3 2026. The biggest changes: Product +$604M (+16%); Service −$127M (-2%). Operating margin 10.8% against 11.4% (-0.6 pts).
SLB Limited, Q3 2026: revenue $9.4B (+6% year over year), operating margin 10.8%, net earnings $735M, operating cash flow $1.5B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 10.8% | 11.4% | -0.6 pts |
| Net margin | 7.8% | 8.8% | -1.0 pts |
| Free cash flow margin | 10.8% | 10.0% | +0.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Service | $5.1B | $5.2B | −$127M | -2% |
| Product | $4.4B | $3.8B | $604M | +16% |
| Revenue | $9.4B | $9.0B | $477M | +5% |
| Operating profit | $1.0B | $1.0B | $0 | 0% |
| Costs & expenses | $8.4B | $8.0B | $477M | +6% |
| Pre-tax earnings | $1.0B | $1.0B | $0 | 0% |
| Research & development | $156M | $171M | −$15.0M | -9% |
| General & admin | $84.0M | $84.0M | $0 | 0% |
| Other operating costs | $8.2B | $7.7B | $492M | +6% |
| Net earnings | $735M | $786M | −$51.0M | -6% |
| Minority interests | $45.0M | $29.0M | $16.0M | +55% |
| Income tax | $239M | $204M | $35.0M | +17% |
| Depreciation & amortization | $698M | $712M | −$14.0M | -2% |
| Share-based compensation | $72.0M | $78.0M | −$6.0M | -8% |
| Working capital & other | $5.0M | −$217M | $222M | — |
| Operating cash flow | $1.5B | $1.4B | $151M | +11% |
| Free cash flow (OCF − capex) | $1.0B | $900M | $125M | +14% |
| Capital expenditures | $485M | $459M | $26.0M | +6% |
Questions
How much did SLB Limited's revenue grow quarter over quarter in Q3 2026?
SLB Limited's revenue rose $477M (+5%) from $9.0B in Q2 2026 to $9.4B in Q3 2026.
What drove SLB Limited's revenue change in Q3 2026?
Product +$604M (+16%); Service −$127M (-2%).