SLB N.V. (SLB) earnings on July 24, 2026

Before the market opens Q2 2026

More SLB N.V. earnings

Prior outlook: Pessimistic Outcome: Missed

SLB shares surged after the company said energy security is driving new global oil investment.

SLB price around the earnings

52.45

Change: +11.1%

2026-07-24, 20:00 UTC

Start of the measured window End of the measured window
46.93 48.81 50.69 52.57 47.22
Price series around the eventClosing price per minute from before the event to the end of the measured window.
July 24, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published
Results released

Analyst upside +29% and strong recent beat history challenged by explicit Q2 miss forecast and negative trend strength acceleration.

Context analyzed before publication

Trend
Trajectory crashed 28→-57 over 2 days; accelerating negative into BMO with explicit miss forecast.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
1.6
Analysts covering the stock
29
Average price target
60.93
Lowest price target
40
Highest price target
71
Upside to price target
29%
Quarterly earnings growth
-5.6%
Revenue growth
2.7%
Forward EPS
3.29
Trailing EPS
2.25
Analyst moves in the last 60 days
9
  • Strong buy: 7
  • Buy: 19
  • Hold: 2
  • Sell: 1
  • Strong sell: 1
Strong buy
7
Buy
19
Hold
2
Sell
1
Strong sell
1
  • July 16, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • July 10, 2026 · Raymond James: Maintains rating (Outperform → Outperform)
  • July 8, 2026 · Susquehanna: Maintains rating (Positive → Positive)
  • July 1, 2026 · UBS: Maintains rating (Buy → Buy)
  • July 1, 2026 · TD Cowen: Maintains rating (Buy → Buy)
  • July 1, 2026 · Citigroup: Maintains rating (Buy → Buy)
  • June 18, 2026 · Stifel: Maintains rating (Buy → Buy)
  • June 16, 2026 · RBC Capital: Reiterates rating (Outperform → Outperform)
  • June 10, 2026 · Evercore ISI Group: Maintains rating (Outperform → Outperform)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (7)

Technicals

Evidence

Average true range (ATR)
2.5%
Distance to 52-week high
-18.6%
14-day change (14d)
-0.1%
30-day change (30d)
-1.3%
30-day relative strength
-1.9%
SPY change (30d)
+0.6%
Nearest support
46.98
Nearest resistance
47.21
Volume accumulation ratio (14d / 46d)
0.79

Trends

Evidence

Average earnings surprise
+2.9%
  • April 24, 2026: actual EPS 0.52 vs estimate 0.51 (surprise +1.1%)
  • January 23, 2026: actual EPS 0.78 vs estimate 0.74 (surprise +5.0%)
  • October 17, 2025: actual EPS 0.69 vs estimate 0.66 (surprise +4.0%)
  • July 18, 2025: actual EPS 0.74 vs estimate 0.73 (surprise +1.7%)

Expected move

Implied move
+0.1%
Source
Options chain

Reactions over its last 20 earnings

Median move
2.2%
75th percentile move
4%
90th percentile move
4.9%
Up / down moves
8 / 12
Average up move
+3.9%
Average down move
-2.1%

Monitoring and close

What SLB N.V. reported

Status
Finished
Actual EPS0.55
EPS estimate0.51
EPS surprise+7.8%
Revenue$8,972 million
Revenue estimate$8,672 million
Revenue surprise+3.5%

SLB noted strong digital revenue growth despite Middle East challenges. Energy sector mixed as oil fell ~4% on Iran talks.

Sources (20)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, the figures overturn the prior pessimistic scenario. In the 1037 past cases with a similar move, the close held that direction 96% of the time.

How the stock reacted

Outcome
Missed
Consolidated
+11.0%
Max favorable move (MFE)
0%
Max adverse move (MAE)
11.4%