---
title: "SLB Analysts Increase Their Forecasts After Upbeat Q2 Results"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293953319.md"
description: "SLB reported Q2 earnings beating expectations with $0.55 EPS and 5% revenue growth to $8.97 billion. Following the upbeat results, analysts from Barclays, BMO, Susquehanna, and Evercore ISI raised their price targets for SLB stock while maintaining positive ratings. The company forecasts Q3 revenue growth of 3-4% and Q4 revenue above $10 billion, though noting potential risks from Middle East tensions."
datetime: "2026-07-27T15:27:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293953319.md)
  - [en](https://longbridge.com/en/news/293953319.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293953319.md)
---

# SLB Analysts Increase Their Forecasts After Upbeat Q2 Results

**SLB NV** (NYSE:SLB) on Friday reported second-quarter adjusted earnings and revenue above analyst expectations.

Adjusted EPS of 55 cents topped the 51-cent estimate, while revenue rose 5% to $8.972 billion, beating $8.672 billion.

SLB expects third-quarter revenue to increase 3% to 4% sequentially, with adjusted EBITDA margin expanding about 75 basis points.

A renewed Middle East escalation could reduce third-quarter revenue by roughly $150 million and adjusted EBITDA by $75 million, primarily affecting Well Construction and Reservoir Performance.

For the fourth quarter, SLB expects revenue above $10 billion and adjusted EBITDA margin near 24%, assuming continued Middle East recovery.

SLB shares slipped 0.1% to trade at $52.36 on Monday.

These analysts made changes to their price targets on SLB following earnings announcement.

-   Barclays analyst David Anderson maintained the stock with an Overweight rating and raised the price target from $64 to $67.
-   BMO Capital analyst Phillip Jungwirth maintained the stock with an Outperform rating and raised the price target from $59 to $63.
-   Susquehanna analyst Bascome Majors maintained SLB with a Positive and raised the price target from $55 to $62.
-   Evercore ISI Group analyst James West maintained the stock with an Outperform rating and raised the price target from $63 to $66.

**Considering buying SLB stock? Here’s what analysts think:**

_Photo via Shutterstock_

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