SLB delivered a robust third quarter 2026, exceeding analyst expectations for both revenue and earnings. Performance was characterized by sequential growth across all geographical regions, specifically a 13% rebound in the Middle East and significant momentum in Data Center Solutions, which saw revenue grow 76% year-over-year.
Key Highlights
- Middle East and Asia revenue rose 9% sequentially to $2.81 billion, overcoming previous geopolitical disruptions.
- Data Center Solutions revenue accelerated as an independent growth driver, increasing 23% sequentially with 2027 capacity already being expanded.
- The ChampionX integration contributed $956 million to total revenue, marking its highest quarterly performance since the acquisition.
- Free cash flow reached $828 million for the quarter, facilitating $1.1 billion in shareholder returns through dividends and buybacks.