SLBSlb N.V.
Slb N.V. (SLB) is a global technology company that provides digital solutions, data center services, and offshore energy technologies to the agricultural and energy sectors. Its Q3 2026 Earnings Release on October 16, 2026 will test the company’s ability to sustain revenue growth amid sector headwinds and deliver on its capital return commitments.
- Revenue fell 1.6% YoY to $35.17B, with net income at $3.29B and free cash flow of $4.53B (TTM).
- Net margin stands at 9.4%, and debt-to-equity is 0.42x, suggesting a balanced capital structure.
- Shareholders’ equity is $26.11B, with diluted EPS of $0.52, reflecting a mix of operational resilience and shareholder returns.
The schedule
- Fri16Oct
- Fri15Jan
Capital allocation decisions and dividend/buyback commitments impacting market sentiment
- Mon1Mar
Customer budget outcomes and upstream capital expenditure survey results
- Wed28Apr
Quarterly earnings report with revenue and margin performance
- Wed28Jul
Quarterly earnings report with digital growth and international market performance
- Wed27Oct
Past
- Fri24Jul
Actual outcome: Bull · $51.54 at outcome
SLB reported second-quarter 2026 adjusted earnings per share of $0.55 on revenue of $8.97 billion, surpassing Wall Street expectations. Strong momentum across digital solutions, data centers, and offshore activity helped offset operational disruptions in the Middle East. Management also provided bullish forward guidance, targeting a $10 billion quarterly revenue exit rate for Q4 2026. [Market retrospective · Ultra-Short (1–5 days)] Missed anticipation: +11.0% from 2026-07-23 to 2026-07-27 (~5.0σ vs typical 1d vol). Target evaluation date 2026-07-28 (not yet reached as of 2026-07-27). Confidence 95%. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-28: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-07-28 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-29: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-07-29 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-31: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-07-31 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-03: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-03 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-04: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-04 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-05: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-05 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed.
SLB reported second-quarter 2026 adjusted earnings per share of $0.55 on revenue of $8.97 billion, surpassing Wall Street expectations. Strong momentum across digital solutions, data centers, and offshore activity helped offset operational disruptions in the Middle East. Management also provided bullish forward guidance, targeting a $10 billion quarterly revenue exit rate for Q4 2026. [Market retrospective · Ultra-Short (1–5 days)] Missed anticipation: +11.0% from 2026-07-23 to 2026-07-27 (~5.0σ vs typical 1d vol). Target evaluation date 2026-07-28 (not yet reached as of 2026-07-27). Confidence 95%. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-28: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-07-28 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-29: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-07-29 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-31: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-07-31 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-03: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-03 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-04: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-04 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-05: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-05 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +11.0% from 2026-07-23 (~5.0σ). Target date 2026-07-28 reached; move through 2026-08-06 observed.
- Thu5Mar
Actual outcome: Bear · $47.19 at outcome
SLB met EPS estimates at $0.55, but the stock fell below the $48.00 bear floor as management commentary at industry conferences failed to provide a sufficient catalyst to overcome concerns about a projected 2026 industry slowdown. The price decline was further exacerbated by broader sector underperformance and investor skepticism regarding the immediate benefits of deregulatory energy policies compared to existing market headwinds.
SLB met EPS estimates at $0.55, but the stock fell below the $48.00 bear floor as management commentary at industry conferences failed to provide a sufficient catalyst to overcome concerns about a projected 2026 industry slowdown. The price decline was further exacerbated by broader sector underperformance and investor skepticism regarding the immediate benefits of deregulatory energy policies compared to existing market headwinds.
- Fri23Jan
Actual outcome: Bull · $49.70 at outcome
SLB delivered a Q4 EPS beat (5.1% above estimates) and strong sequential revenue growth, driven by expanding growth in the Digital segment and improving international activity trends. These results and the positive outlook confirmed the bull case expectation for margin expansion and international growth, justifying the stock's premium valuation. The strong fundamental outcome drove the stock well above the $48.50 bull target, reaching $50.77 by the run date.
SLB delivered a Q4 EPS beat (5.1% above estimates) and strong sequential revenue growth, driven by expanding growth in the Digital segment and improving international activity trends. These results and the positive outlook confirmed the bull case expectation for margin expansion and international growth, justifying the stock's premium valuation. The strong fundamental outcome drove the stock well above the $48.50 bull target, reaching $50.77 by the run date.
