SLB earnings date and guidance
MyStockButler's October 2026 analysis: SLB's next results are expected on January 22, 2027. For SLB, watch whether stronger activity produces the promised margin improvement and whether customers pay on time.
What has SLB guided for 2026?
Management expects 2026 revenue of $36.9 billion to $37.7 billion. It forecasts approximately $10 billion of fourth-quarter 2026 revenue and a 1.0–1.5 percentage-point sequential adjusted EBITDA margin improvement. It targets $200 million of ChampionX synergies by December 2026. It plans $2.4 billion of stock repurchases within $4 billion of total shareholder returns in 2026. Data Center Solutions targets a $1 billion annualized revenue run rate by the end of 2026 and $2 billion by the end of 2027.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Capital investment (consisting of capex, exploration data costs and APS investments) | Year to Dec 2026 | 2.5 | 2.5 | Oct 23, 2026 |
| Stock repurchases | Year to Dec 2026 | 2.4 | 2.4 | Oct 23, 2026 |
| Total returns to shareholders | Year to Dec 2026 | 4 | Oct 23, 2026 | |
| Data Center Solutions, annualized revenue run rate by the end of this year | Exit Dec 2026 | 1 | Jul 24, 2026 | |
| Data Center Solutions, annualized revenue run rate as we exit 2027 | Exit Dec 2027 | 2 | Jul 24, 2026 | |
| Data Center Solutions, revenue compound annual growth rate (%) | 2024–2026 | 90.0% | Aug 31, 2026 | |
| Total returns to shareholders | Year to Dec 2027 | Aug 31, 2026 |
What this means. The Kelvion and combined data center figures assume the planned acquisition has already happened, so they are not the company’s current reported results.
Did SLB keep its past promises?
SLB exceeded its revenue guidance in three of four comparable quarters, but its adjusted EBITDA margin met guidance only twice. That record supports a stronger sales scorecard than a profitability one.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Revenue | 4 quarters | 3 | 0 | 1 |
| Adjusted EBITDA margin | 4 quarters | 0 | 2 | 2 |
What has SLB's recent results trend been?
Reported revenue growth was 6.0% year on year, but only 2.0% excluding ChampionX. Sales had therefore recovered faster than the comparable business. Gross margin improved sequentially but remained below the previous September, while operating income rose only slightly year on year. Net income attributable to SLB and diluted EPS also remained below the prior-year quarter.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,449 | 8,972 | 8,721 | 9,745 | 8,928 | 8,546 | 8,490 | 9,284 |
| Gross margin | 16.6% | 15.5% | 15.3% | 17.7% | 17.5% | 18.9% | 18.9% | 21.1% |
| Operating income | 1,084 | 1,071 | 1,029 | 996 | 1,064 | 1,175 | 1,132 | 1,403 |
| Net income | 735 | 786 | 752 | 824 | 739 | 1,014 | 797 | 1,095 |
| EPS, diluted | 0.49 | 0.52 | 0.50 | 0.55 | 0.50 | 0.74 | 0.58 | 0.77 |
| = Free cash flow | 1,025 | 900 | 144 | 2,489 | 1,273 | 771 | 262 | 1,781 |
What this means. The numbers are for each quarter, even though some row descriptions say “year,” so they do not cover a full year.
What should I watch in SLB's next results?
The next decisive events are year-end cash collection, Kelvion’s closing and the conversion of growth targets into delivered profit. December 2026 should show whether stronger activity produces the promised margin improvement and whether customers pay on time. It should also reveal whether Data Center Solutions is approaching its exit run rate and whether the ChampionX integration is producing its $200 million synergy target. Annualized savings are not the same as cash retained during the year.