SLB (NYSE:SLB) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

SLB (NYSE:SLB) announced its quarterly earnings results on Friday. The oil and gas company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04, FiscalAI reports. The company had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $8.67 billion. SLB had a net margin of 9.26% and a return on equity of 15.54%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 earnings per share.

Here are the key takeaways from SLB’s conference call:

• SLB reported a solid second quarter with revenue up 3% sequentially to $9 billion, helped by broad international growth and a rebound in North America that more than offset weakness in the Middle East.
• Production Systems and Digital were standout areas, with Production Systems margins moving back above 20% and Digital margins reaching about 35% on stronger exploration data licenses and recurring revenue growth.
• The company said the Middle East disruption remained manageable in the quarter, but full normalization will take time and recovery will vary by country; SLB’s Q3 outlook assumes only a gradual improvement there.
• Management sees a broader upcycle in international and deepwater activity, citing expectations for roughly 30% year-over-year growth in long-cycle FIDs in 2026 and stronger spending momentum into 2027.
• Data center solutions continued to scale rapidly, with revenue up 33% sequentially and 80% year over year, and SLB now expects the business to exit 2027 at an annualized revenue run rate above $2 billion.

SLB Price Performance

Shares of SLB stock traded up $5.21 during midday trading on Friday, reaching $52.43. 28,892,755 shares of the company were exchanged, compared to its average volume of 11,283,987. The company’s 50 day moving average price is $51.16 and its two-hundred day moving average price is $50.55. The company has a market cap of $78.39 billion, a P/E ratio of 22.90, a PEG ratio of 1.91 and a beta of 0.72. SLB has a 12 month low of $31.64 and a 12 month high of $58.82. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.98 and a current ratio of 1.34.

SLB Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Shareholders of record on Wednesday, September 2nd will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Wednesday, September 2nd. SLB’s payout ratio is 51.53%.

Trending Headlines about SLB

Here are the key news stories impacting SLB this week:

• Positive Sentiment: SLB reported Q2 adjusted EPS of $0.55, ahead of estimates of $0.51, on revenue of $8.97 billion versus expectations of $8.67 billion. SLB (NYSE:SLB) Beats Expectations in Strong Q2 CY2026
• Positive Sentiment: Management pointed to higher offshore activity and growth in Digital and Production Systems, which helped drive the quarter and support the outlook. SLB Posts Higher Revenue on Increased Offshore Activity, Data-Center Demand
• Positive Sentiment: SLB’s expanding data-center power and infrastructure push is being viewed as an additional growth vector, adding to investor optimism. What SLB (SLB)’s AI Data Center Power Push and Baleine Win Means For Shareholders
• Neutral Sentiment: Revenue still declined year over year, so the quarter was solid but not a return to broad-based growth. Top US oilfield services firm SLB beats quarterly profit estimates
• Neutral Sentiment: Middle East disruptions remain a headwind, but resilient demand in other regions is currently outweighing that pressure. SLB Stock Rises on Earnings Beat as Strong Activity Offsets Middle East Disruption

Insider Activity at SLB

In related news, Director La Chevardiere Patrick De sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $54.33, for a total transaction of $108,660.00. Following the transaction, the director owned 16,953 shares in the company, valued at $921,056.49. This trade represents a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steve Matthew Gassen sold 53,379 shares of the stock in a transaction on Friday, May 1st. The shares were sold at an average price of $56.18, for a total value of $2,998,832.22. Following the transaction, the executive vice president directly owned 47,421 shares of the company’s stock, valued at approximately $2,664,111.78. The trade was a 52.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.16% of the company’s stock.

Institutional Investors Weigh In On SLB

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of SLB by 50.6% in the 4th quarter. Wellington Management Group LLP now owns 16,635,566 shares of the oil and gas company’s stock valued at $638,473,000 after purchasing an additional 5,589,585 shares during the period. State Street Corp raised its holdings in SLB by 7.0% during the 3rd quarter. State Street Corp now owns 83,617,999 shares of the oil and gas company’s stock worth $2,898,037,000 after buying an additional 5,466,786 shares during the period. Invesco Ltd. raised its holdings in SLB by 35.1% during the 4th quarter. Invesco Ltd. now owns 13,009,477 shares of the oil and gas company’s stock worth $499,304,000 after buying an additional 3,380,917 shares during the period. Caisse de depot et placement du Quebec lifted its stake in SLB by 10,422.1% during the third quarter. Caisse de depot et placement du Quebec now owns 3,165,581 shares of the oil and gas company’s stock valued at $108,801,000 after buying an additional 3,135,496 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its stake in SLB by 101.1% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,865,002 shares of the oil and gas company’s stock valued at $225,099,000 after buying an additional 2,948,798 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on SLB shares. Raymond James Financial cut their price objective on shares of SLB from $62.00 to $61.00 and set an “outperform” rating on the stock in a research report on Friday, July 10th. Susquehanna decreased their target price on shares of SLB from $65.00 to $55.00 and set a “positive” rating for the company in a research report on Wednesday, July 8th. Stifel Nicolaus raised their price target on shares of SLB from $61.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Jefferies Financial Group reaffirmed a “buy” rating and set a $65.00 price target on shares of SLB in a report on Sunday, April 26th. Finally, Citigroup reduced their price objective on SLB from $68.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SLB currently has a consensus rating of “Moderate Buy” and an average target price of $60.30.

SLB Company Profile

SLB (NYSE: SLB), historically known as Schlumberger, is a leading global provider of technology, integrated project management and information solutions for the energy industry. Founded by Conrad and Marcel Schlumberger in 1926, the company develops and supplies products and services used across the exploration, drilling, completion and production phases of oil and gas development. Its offerings are intended to help operators characterize reservoirs, drill and complete wells, optimize production and manage field operations throughout the asset lifecycle.

SLB’s product and service portfolio spans reservoir characterization and well testing, wireline and logging services, directional drilling and drilling tools, well construction and completion technologies, production systems, and subsea equipment.