SLB SLB (SLB) Q1 FY26 earnings call
SLB faced a challenging Q1 FY26 due to significant disruptions in the Middle East, impacting revenue and margins more than anticipated. Despite these headwinds, the company saw strong growth in Production Systems, Digital, and Data Center Solutions, with the latter on track for a $1 billion exit run rate. Management anticipates a gradual recovery in the Middle East, with growth in other international markets expected to offset continued regional impacts in Q2, reinforcing a positive long-term outlook for upstream investment driven by energy security and supply diversification.
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SLB operating KPIs by quarter
| KPI | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|
| Customers Lumi data and AI platform | 50+The Platform & Application, I think the new offering, Lumi data and AI platform, I think, is being delivered fresh from launch last Q4 to new customers and as adoption has been already more than 50 customers in less than a year, I think it's remarkable.Source: earnings call transcript | 50+Lumi, which we launched 4 or 5 quarters ago, is already having more than 50 customers of an adoption.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.