SLB Reports Q1 2026 Earnings with Revenue Decline and Margin Compression
SLB (SLB) reported Q1 2026 earnings with revenue of $8.7 billion, a 3% year-over-year increase, but a 7% decline on an organic basis excluding the ChampionX acquisition. Sequential revenue dropped by 10.5%, more than previously forecast, due to Middle East disruptions, and adjusted EBITDA margin contracted by 346 basis points year-over-year.
Tickers: $SLB
Topics: Acquisition Impact AI Adoption Data Center Growth Digital Division Earnings Margin Decline Revenue