SLB LIMITED/NV (SLB) Form 10-Q — Oct 28, 2026
SLB reported Q3 2026 revenue of $9.45 billion, up 6% year on year, but net income attributable to SLB slipped to $735 million from $739 million as a $187 million non-cash pension settlement charge offset operational growth. Sequentially the picture was stronger: revenue rose 5% versus Q2 with all geographic areas growing, led by a Middle East recovery, ChampionX posting its highest quarterly revenue since the July 2025 acquisition, and Data Center Solutions revenue up 23%. SLB also disclosed a pending $3.4 billion cash acquisition of Kelvion (plus ~$0.7 billion assumed debt) to expand its Data Center Solutions thermal-management business, expected to close in the first half of 2027.
Key figures
- Eps
- 0.49
- Revenue
- 9449000000
- Net Income
- 735000000
- Revenue Yoy
- 5.8%
- Cash Position
- 2621000000
- Shares Outstanding
- 1476029613
- Q3 buybacks
- 12.87 million shares at avg $51.01
- Quarterly dividend
- $0.295 per share (raised 3.5% in Jan 2026)
- Cumulative buybacks
- $7.6 billion of $10 billion program
- Net debt sept 30 2026
- $9,249 million
- Nine month eps diluted
- 1.51
- Nine month revenue 2026
- 27142000000
- Championx contribution q3
- ~$0.6 billion revenue, ~$0.1 billion pretax operating income
- Kelvion acquisition value
- $3.4 billion cash plus ~$0.7 billion assumed debt
- Effective tax rate q3 2026
- 23%
- Free cash flow nine months 2026
- $1,521 million
- Pension settlement charge q3 2026
- $187 million non-cash
- Nine month net income attributable slb
- 2273000000
AI analysis
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