Guidance
← Отчётные звонки
01
02
03
04 05 06
Тон
AI
Капзатраты
A1 A2
SLB
FY2026 Q2
Улучшается
Отчётный звонок SLB Limited Common Shares
Вывод Buzzberg
Q4 revenue to surpass $10 billion
SLB reported a solid Q2 with revenue of $9B, despite Middle East disruptions. Management struck an optimistic tone, guiding Q4 revenue above $10B and EBITDA margin ~24%, driven by deepwater upcycle, Middle East recovery, and data center expansion. Cross-company signals emerged from new partnerships with Meta, Liberty Energy, and NVIDIA, and ongoing customer work with Chevron and BP. Q2 revenue $9B (+3% q/q), EPS $0.55, digital revenue $697M (+9% q/q).
Вывод Buzzberg Q4 revenue to surpass $10 billion SLB reported a solid Q2 with revenue of $9B, despite Middle East disruptions. Management struck an optimistic tone, guiding Q4 revenue above $10B and EBITDA margin ~24%, driven by deepwater upcycle, Middle East recovery, and data center expansion. Cross-company signals emerged from new partnerships with Meta, Liberty Energy, and NVIDIA, and ongoing customer work with Chevron and BP. Q2 revenue $9B (+3% q/q), EPS $0.55, digital revenue $697M (+9% q/q). Читать полный анализСвернуть анализ
SLB reported a solid Q2 with revenue of $9B, despite Middle East disruptions. Management struck an optimistic tone, guiding Q4 revenue above $10B and EBITDA margin ~24%, driven by deepwater upcycle, Middle East recovery, and data center expansion. Cross-company signals emerged from new partnerships with Meta, Liberty Energy, and NVIDIA, and ongoing customer work with Chevron and BP. Q2 revenue $9B (+3% q/q), EPS $0.55, digital revenue $697M (+9% q/q).
- Q4 revenue guided to exceed $10B; EBITDA margin ~24%.
- Data center solutions run rate expected to surpass $2B annualized by 2027 exit.
- Deepwater FIDs up ~30% y/y in 2026, supporting a multi-year offshore growth cycle.
DIGITAL Выручка$0.697BФакт
MIDDLE_EAST Выручка$1.66BФакт
PRODUCTION_SYSTEMS Выручка$3.8BФакт
RESERVOIR_PERFORMANCE Выручка$1.6BФакт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
AI
Data center exit rate >$2 billion by 2027
Demand
Long-cycle FIDs up 30% year-on-year
Показать ещё 3 тезиса
Margins
Production Systems margins back above 20%
Capital return
Returning over $4 billion to shareholders in 2026
Risk
Downside risk: $150M revenue hit if Middle East flat
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| DIGITAL Выручка | $0.697B | Факт |
| MIDDLE_EAST Выручка | $1.66B | Факт |
| PRODUCTION_SYSTEMS Выручка | $3.8B | Факт |
| RESERVOIR_PERFORMANCE Выручка | $1.6B | Факт |
| Выручка | $8.972B | +3% к/к |
| WELL_CONSTRUCTION Выручка | $2.7B | Факт |
Прогнозные данные
Прогноз компании
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| Капзатраты | FY2026 | $2.5B | $2.5B | Подтверждён |
| Операционная маржа | FY2026 Q4 | 24% | 24% | Обозначен |
| Выручка | FY2026 Q4 | $10B | $10B | Обозначен |
| ВыручкаDATA_CENTER | FY2027 | $2B | $2B | Повышен |
AI, капзатраты и спрос
Оценка менеджмента
confident
Management conveyed a confident tone despite Middle East disruptions, driven by a compelling outlook for 2027 fueled by international growth, deepwater rebound, and data center expansion. No notable shift from prior calls.
Оценка AI от менеджмента
Management discussed AI as a key growth driver, with digital operations and AI expected to build strong momentum across the industry, and data center solutions expanding into infrastructure for the AI economy, targeting an annualized revenue run rate exceeding $2 billion by end of 2027.
Инвестиции и мощности
Stephane stated capital investments remain on track at approximately $2.5 billion for the full year, with no change in spend. The data center business is described as capital-light with strong free cash flow generation.
все упомянутые компании ниже: 7
Компаниис момента звонка
Клиенты
Клиенты
Olivier Le Peuch
SLB is providing services to Chevron in Venezuela under a license, supporting production recovery and scaling up operations.
Доказательства
“working under the Orphic License with an IOC, Chevron, and I think having a large scope to support them.”
Партнёры
Партнёры
Olivier Le Peuch
SLB is partnering with Meta on a gigawatt-scale data center in Canada, expanding SLB's role in design, engineering, and system integration.
Доказательства
“exemplified by the recent announcement with Meta.”
Партнёры
Olivier Le Peuch
SLB and Liberty Energy are collaborating on power generation solutions for data centers, leveraging Liberty's behind-the-meter technology.
Доказательства
“alliance with Liberty Energy that will combine SLB modular infrastructure solution and global market reach with Liberty behind the meter power generation system”
Партнёры
Olivier Le Peuch
SLB has an alliance with BP (and potentially others) for subsea development and early-stage design, aiming to optimize field architecture.
Доказательства
“alliance with Econo and BP particularly to develop and to work side by side in early fit and design”
Партнёры
Olivier Le Peuch
SLB's data center solutions offering now includes design and engineering capabilities, as demonstrated by an announcement with NVIDIA.
Доказательства
“as you have seen from the NVIDIA announcement”
Цепочка поставок
Цепочка поставок
Olivier Le Peuch
Data center solutions backlog is growing ahead of expectations, leading to confidence in a >$2 billion annualized exit run rate by 2027. — Signals accelerating demand for modular data center infrastructure, potentially straining supply chains and benefiting peers like Vertiv.
Доказательства
“Our backlog growing ahead of expectations, with new contract awards, strong customer engagement, and international expansion.”
Внешние сигналы
Альфа цепочки поставок · 2с момента звонка
Data center solutions backlog is growing ahead of expectations, leading to confidence in a >$2 billion annualized exit run rate by 2027.
Middle East conflict-related cost inflation in chemicals is pressuring ChampionX margins, but volume synergies are offsetting it.
Доказательства
“despite some inflationary pressure we have on chemicals that mostly come from the Middle East conflict by the way”
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 7. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.