SLB Q2 FY26 net income drops 22% to $786 million; revenue rises 5% to $8.97 billion

CEO Olivier Le Peuch cited broad-based international growth offsetting Middle East disruptions; Data Center Solutions first-half revenue rose 63% year on year.

SLB posted Q2 2026 GAAP revenue of $8.97 billion, up 3% sequentially and up 5% year on year.

GAAP net income attributable to shareholders fell 22% year on year to $786 million; diluted EPS dropped 30% to $0.52.

GAAP income before taxes slid 21% from a year earlier to $1.02 billion; margin narrowed to 11.3% from 15%.

Adjusted EBITDA declined 7% year on year to $1.9 billion; margin contracted to 21.2% from 24%.