# SLB earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/SLB) · [Earnings tab](https://www.lopjlb.com/stock/SLB?tab=earnings)

Updated: 2026-07-24T05:26:21

Quarters analyzed: 8

## Latest CallCard · Q1

SLB Q1 2026 impacted by Middle East conflict; revenue $8.7B up 3% YoY but down 7% ex-Ch

**Guidance:** vague

**Tone:** mgmt 0 · Q&A pressure 0 · divergence 0

## Quarter one-liners

- **2026 Q1:** SLB Q1 2026 impacted by Middle East conflict; revenue $8.7B up 3% YoY but down 7% ex-Ch
- **2025 Q4:** SLB reported strong Q4 2025 results with revenue up 9% YoY, margin expansion and $4B+ cash return plan, while guiding 2026 revenue $36.9‑$37.7B and highlighting growth from digital, data‑center and offshore rebound but noting near‑term oversupply and geopolitical risks.
- **2025 Q3:** SLB Q3 2025: Revenue $8.9B (+4% seq) with Champagnex adding $579M; core flat ex-acquisition. Digital revenue +11% seq, 20k+ connected assets. Q4 guide: high single-digit top-line growth, EBITDA margin +50-150bps seq, digital EBITDA margin 35% FY. International markets resilient, NA muted. Champagnex
- **2025 Q2:** SLB Q2 solid with steady revenue, slight margin expansion; ChampionX deal closes, H2 guidance $18.2-18.8B including 5 months ChampionX, flat EBITDA margins; digital growth double-digit, international resilient, NA weak.','tone': {'mgmt': 0.3, 'mgmt_rationale': 'Management highlights solid quarter, c
- **2025 Q1:** SLB Q1 revenue -3% YoY, adj. EBITDA margin +18bps; guides flat Q2 revenue with 50-100bps margin expansion, H2 flat to mid-single-digit growth; $4B shareholder returns on track; ChampionX closing Q2/Q3; tariff and OPEC+ uncertainty clouds outlook. Digital +17% YoY, new energy >$1B pace. Cost-out prog
- **2024 Q4:** SLB posted solid Q4 earnings, record digital revenue and a diversified portfolio, while flagging modest 2025 growth amid cautious upstream spending and regional headwinds.
- **2024 Q3:** SLB posted flat Q3 revenue but expanded margins, strong digital growth, $1.8B free cash flow, sold Palliser asset and pushed ChampionX close to Q1 2025, while warning of muted Q4 growth amid commodity price pressure.
- **2024 Q2:** SLB Q2: 5% revenue growth, 142bps EBITDA margin expansion, raises FY EBITDA growth to 14-15%, margins ≥25%; international/digital strong, NA land weak.','tone': {'mgmt': 0.8, 'mgmt_rationale': 'Management highlights record international revenue, 14th consecutive quarter of margin expansion, digital 

## Guidance path

2024 Q2:vague → 2024 Q3:maintained → 2024 Q4:maintained → 2025 Q1:vague → 2025 Q2:vague → 2025 Q3:vague → 2025 Q4:raised → 2026 Q1:vague

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Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/SLB`