Schlumberger (SLB) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 17, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.6

Last Year’s EPS

0.72

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 16 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 23, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented multiple strong operational and financial highlights — meaningful sequential revenue and margin expansion, robust cash generation, meaningful digital acceleration, material ChampionX production-systems contribution, OneSubsea backlog momentum, and an ambitious data-center growth trajectory. These positives were balanced against discrete near-term headwinds including Q1 seasonality, a carbon-capture goodwill impairment and project loss, pricing pressure in select international markets, and some region-specific weakness (Saudi, Sub-Saharan Africa, Mexico). Management provided constructive 2026 guidance with sustained shareholder returns and a pathway to capture synergies and international recovery, implying confidence in a broader rebound through 2026–2027.

Company Guidance

SLB guided 2026 revenue of $36.9–$37.7 billion and adjusted EBITDA of $8.6–$9.1 billion with margins roughly in line with 2025, reflecting an incremental ~$1.8 billion of ChampionX revenue and roughly half of $400 million in total synergies expected by 2026 (≈75% of synergies to production systems); it expects ~ $2.5 billion of capital investments (CapEx + APS + exploration), an effective tax rate of ~20%, and to return >$4 billion to shareholders (a 3.5% dividend increase and a targeted ~$2.4 billion buyback). Near term, Q1 revenue is expected to decline high single digits sequentially with adjusted EBITDA margin down 150–200 bps versus Q4, followed by a rebound and a higher Q4 2026 exit rate versus Q4 2025. Division outlooks: digital to grow at 2025’s pace (digital full‑year 2025 revenue $2.7B, Q4 digital $825M, digital ARR >$1B and 35% margin), production systems to increase (Q4 production systems $4.1B), reservoir performance flattish, well construction modestly down, and data‑center solutions targeting about a $1 billion run rate by year‑end. Recent Q4 metrics anchoring the outlook included $9.7B revenue (+9% sequential), 23.9% adjusted EBITDA margin (+83 bps sequential), $3.0B operating cash flow, $2.3B free cash flow (FY free cash flow $4.1B), and year‑end net debt of $7.4B.

Sequential Revenue Growth and Margin Expansion (Q4 2025)

Q4 revenue of $9.7B, up $817M or 9% sequentially (ex-ChampionX: +6% sequential). Adjusted EBITDA margin 23.9%, up 83 basis points sequentially, demonstrating margin expansion alongside revenue growth.

Strong Cash Flow and Balance Sheet Improvement

Generated $3.0B cash from operations and $2.3B free cash flow in Q4; full-year free cash flow of $4.1B (third consecutive year ≥ $4B). Net debt reduced by $1.8B in the quarter to $7.4B.

Digital Business Acceleration

Digital revenue $825M in Q4, up 25% sequentially; full-year digital revenue $2.7B (+9% YoY). Digital pretax operating margin expanded 557 bps to 34%. Digital annual recurring revenue (ARR) surpassed $1B (ARR YoY growth 15%) and trailing twelve-month net recurring revenue retention was 103%.

Production Systems Strength and ChampionX Contribution

Production systems revenue $4.1B in Q4, up 17% sequentially (ex-ChampionX: +11%). Company delivered approximately $500M of organic revenue growth in Q4 plus roughly $300M contribution from an extra month of ChampionX consolidation. ChampionX expected to add ~ $1.8B incremental revenue in 2026 (full-year benefit).

Subsea and OneSubsea Momentum

OneSubsea awarded ~ $4B in subsea bookings in 2025 and management sees a path to cumulative bookings exceeding $9B over the next two years. Management expects >500 subsea trees to be awarded across 2026–2027 (~20% higher than 2025 run rate).

Data Center Solutions Rapid Growth

Data center solutions grown from launch under two years; company expects to exit the year at a quarterly revenue run rate equivalent to $1B/year and plans geographic and customer base expansion to scale the business internationally.

2026 Financial Guidance and Shareholder Returns

Full-year 2026 revenue guidance of $36.9B–$37.7B (assumes oil in high $50s–low $60s). Adjusted EBITDA guidance $8.6B–$9.1B with margins in line with 2025. Management expects to return >$4B to shareholders in 2026 (3.5% dividend increase announced and targeted $2.4B buyback, potentially more).

Operational Breadth and Geographic Stabilization

Sequential growth across all geographies for the first time since 2024; international organic revenue increased ~7% sequentially and North America ~6% (ex-ChampionX). Notable rebounds in Middle East (UAE, Kuwait, Iraq growth), Asia, and parts of Latin America.

Schlumberger (SLB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SLB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 17, 2026	2026 (Q1)	0.60 / -	0.72	―	―	―
Jan 23, 2026	2025 (Q4)	0.74 / 0.78	0.92	-15.22% (-0.14)	―
Oct 17, 2025	2025 (Q3)	0.66 / 0.69	0.89	-22.47% (-0.20)	―
Jul 18, 2025	2025 (Q2)	0.72 / 0.74	0.85	-12.94% (-0.11)	―
Apr 25, 2025	2025 (Q1)	0.73 / 0.72	0.75	-4.00% (-0.03)	―
Jan 17, 2025	2024 (Q4)	0.90 / 0.92	0.86	6.98% (+0.06)	―
Oct 18, 2024	2024 (Q3)	0.89 / 0.89	0.78	14.10% (+0.11)	―
Jul 19, 2024	2024 (Q2)	0.83 / 0.85	0.72	18.06% (+0.13)	―
Apr 19, 2024	2024 (Q1)	0.75 / 0.75	0.63	19.05% (+0.12)	―
Jan 19, 2024	2023 (Q4)	0.83 / 0.86	0.71	21.13% (+0.15)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SLB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 23, 2026	$49.03	$48.86	-0.34%
Oct 17, 2025	$32.47	$32.18	-0.88%
Jul 18, 2025	$33.92	$32.60	-3.89%
Apr 25, 2025	$33.89	$33.50	-1.17%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.