SLB's first quarter 2026 revenue of $8.72 billion beat estimates, driven by North America strength which offset Middle East disruptions.

SLB reported first-quarter revenue of $8.72 billion, an increase of 3% year-over-year, while adjusted EPS declined 28% to $0.52. The results reflect the contribution from the recent ChampionX acquisition, which offset operational headwinds elsewhere.

Key Highlights

• North America revenue grew 26% year-over-year to $2.17 billion, providing a significant offset to international challenges.
• Middle East & Asia revenue declined 10% year-over-year to $2.69 billion due to widespread operational disruptions from regional conflict.
• The acquisition of ChampionX was a primary driver of top-line growth, contributing $838 million in revenue during the quarter; excluding this, global revenue decreased 7% YoY.