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Verified earnings summary

Research updated: Jul 12, 2026, 12:00 AM UTC

SLB Q1 2026

SLB reported first-quarter revenue of $8.72 billion, GAAP EPS of $0.50 and adjusted EBITDA of $1.77 billion; ChampionX contributed to revenue while Middle East disruption and seasonal activity weighed on margins.

This page provides a source-verified release summary. It does not display a normalized metric table or post-earnings market reaction until those fields are independently verified.

Constructive signals after the release

  • ChampionX adds production chemicals and artificial-lift capabilities that can broaden SLB's production-solutions offering.
  • Growing adoption of Lumi, Delfi and agentic-AI workflows can expand recurring, asset-light digital revenue.
  • Deepwater, subsea and international project awards can support multiyear activity as customers develop complex resources.

Risks that still need monitoring

  • Middle East disruption

    Conflict-related activity interruptions can reduce revenue, utilization and profitability in a major international market.

  • Customer spending cycles

    Producer capital-budget reductions and pricing pressure can lower demand for services and equipment.

  • Integration complexity

    ChampionX integration may produce higher costs, operational disruption or fewer synergies than expected.

Primary sources

SLB Announces First-Quarter 2026 ResultsSLB · earningsVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 4/29/2026, 12:00:00 AM

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SLB Investor RelationsSLB · companyVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

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Form 10-Q for the Quarter Ended March 31, 2026SLB · filingVerified

Fetched: 7/12/2026, 12:00:00 AM UTC

Published: 4/24/2026, 12:00:00 AM

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