SLB reported third-quarter 2026 revenue of $9.45 billion, up 5% from the previous quarter and 6% from a year earlier. Net income attributable to the company was $735 million, while adjusted earnings before interest, taxes, depreciation and amortization were $2.07 billion.
The energy-technology company said cash flow from operations reached $1.51 billion and free cash flow was $828 million. Diluted earnings per share were $0.49 under generally accepted accounting principles and $0.64 when excluding charges and credits, a non-GAAP measure.
Data-center solutions grows quickly
One of the fastest-growing lines was Data Center Solutions, which designs modular enclosures, cooling systems and other critical infrastructure for hyperscalers and enterprises. Revenue from that business reached $230 million, up 23% from the second quarter and 76% from the same period in 2025. For the first nine months of 2026, the unit generated $557 million, 68% more than a year earlier.
SLB reports Data Center Solutions inside its “All Other” category rather than its core oilfield divisions. Management linked the expansion to AI-driven demand for computing capacity. The results show how an energy-services supplier is applying industrial manufacturing and thermal-management expertise to a market adjacent to its traditional operations.
Acquisition effects remain important
Comparisons also reflect SLB’s July 2025 acquisition of ChampionX. Those businesses contributed $956 million of third-quarter revenue in 2026, compared with $579 million for two months of activity in the year-earlier quarter. Excluding the acquisition’s impact, SLB said global revenue rose 2% year over year, with North American revenue up 13% and international revenue flat.
Production Systems revenue increased 15% year over year to $4.0 billion, while Digital revenue rose 5% to $693 million. Digital annual recurring revenue was $1.04 billion at September 30, 13% higher than a year earlier. The company’s core businesses—Reservoir Performance, Well Construction and Production Systems—generated $8.52 billion of revenue, up 5%.
Investors should separate the reported growth contributed by ChampionX from underlying organic trends and distinguish GAAP results from management’s adjusted measures. The board approved a quarterly cash dividend of $0.295 per share.
The diversification does not turn SLB into a pure-play data-center company: the new business remains small beside its $9.45 billion quarterly revenue base. Even so, its growth rate and the company’s description of the unit as a future material contributor make it a notable indicator of how AI infrastructure spending is pulling industrial suppliers, cooling specialists and modular-construction capabilities into the data-center value chain.
Source: SLB third-quarter 2026 earnings release.
Featured image: AI-generated editorial illustration; not a photograph of SLB facilities.
