$SLB · SLB LIMITED/NV
SLB Limited filed its Q3 FY2026 Form 10-Q for the period ended September 30, 2026. Total revenue grew 5.8% YoY to $9.449B, driven by product sales up to $4.376B from $3.776B, while services revenue declined to $5.073B from $5.152B. Net income attributable to SLB was $735M (diluted EPS $0.49) versus $739M ($0.50) a year earlier. A non-cash pension settlement charge of $187M and $55M of ChampionX merger/integration costs weighed on the quarter.
- Revenue rose 5.8% YoY to $9.449B in Q3 FY2026.
- Net income attributable to SLB fell to $735M from $739M a year earlier.
- Diluted EPS was $0.49 versus $0.50 in Q3 2025.
- A $187M non-cash pension settlement charge hit Restructuring & other.
- Nine-month net income attributable to SLB fell to $2.273B from $2.550B.
Shares are up 0.49% since filing to $54.16, a muted reaction consistent with in-line results and a modest YoY earnings decline.
SLB's top-line growth masks a slight earnings decline, with one-time pension and merger charges pressuring profitability.
Product sales growth offsetting services softness mirrors the broader oilfield-services mix shift toward equipment and digital offerings.
Forward-looking disclosures cite the pending Kelvion transaction, integration and synergy risks, and exposure to customer E&P spending and geopolitical conditions.