SLB

Q2 FY2026 EarningsQ2 FY26 results slightly missed consensus on the top line but beat on profitability: revenue of $8.97B vs. $8.68B expected, and diluted GAAP EPS of $0.52 vs. $0.519 expected. Production Systems saw a significant 26% YoY surge driven by the ChampionX acquisition, while international growth was tempered by a 13% sequential decline in Middle East revenue due to regional conflict. Capital investments for FY26 are guided at ~$2.5B, aligning with market expectations for continued AI and offshore capacity expansion.