

SLB N.V. ( SLB ) Q3 2026 Earnings Call October 23, 2026 9:30 AM EDT Company Participants James McDonald - Senior Vice President of Investor Relations & Industry Affairs Olivier Le Peuch - CEO & Director Stephane Biguet - Executive VP & CFO Conference Call Participants James West - Melius Research LLC Scott Gruber - Citigroup Inc., Research Division Saurabh Pant - BofA Securities, Research Division Arun Jayaram - JPMorgan Chase & Co, Research Division Sebastian Erskine - Rothschild & Co Redburn, Research Division Marc Bianchi - TD Cowen, Research Division Derek Podhaizer - Piper Sandler & Co., Research Division Presentation Operator Good morning. My name is Sarah, and I will be your conference operator today.

U.S. stocks traded lower toward the end of trading, with the Dow Jones falling more than 1% on Friday.

SLB N.V. delivered robust Q3 results, with broad-based growth across segments and geographies, despite Middle East uncertainty. SLB's Digital and Data Center Solutions segments are outperforming, with double-digit growth expected in 2027 and beyond, driven by AI and modular infrastructure demand. Recent acquisitions, including Kelvion and S&P Global Energy's software portfolio, strengthen SLB's digital, thermal management, and North American offerings.

SLB NYSE: SLB reported third-quarter 2026 revenue of $9.45 billion, up 5% sequentially, as growth in the Middle East, North America land and international deepwater activity supported results. The company said pre-tax segment operating margins expanded across all four divisions, while adjusted EBITDA margin increased 71 basis points from the second quarter to 21.9%.

SLB Q3 2026 earnings and revenues top estimates as Production Systems, ChampionX and data center growth offset Middle East disruptions and margin pressure.

SLB (SLB) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.69 per share a year ago.

Top oilfield services firm SLB beats quarterly profit estimates

The company beats earnings estimates as its emerging data center business surges 76% year over year.