Q3 25 EPS
$0.69
BEAT +3.68%
Est. $0.67
Q3 25 Revenue
$8.93B
BEAT +0.08%
Est. $8.92B
vs S&P Since Q3 25
+70.4%
BEATING MARKET
SLB +78.9% vs S&P +8.5%
Market Reaction
Did SLB Beat Earnings? Q3 2025 Results
SLB posted a modest but clean beat in the third quarter of 2025, reporting adjusted EPS of $0.69 against a consensus of $0.67, a 3.68% beat, while revenue of $8.93 billion edged past the $8.92 billion estimate, even as total sales slipped 2.5% from a… Read more SLB posted a modest but clean beat in the third quarter of 2025, reporting adjusted EPS of $0.69 against a consensus of $0.67, a 3.68% beat, while revenue of $8.93 billion edged past the $8.92 billion estimate, even as total sales slipped 2.5% from a year earlier. The headline numbers were meaningfully shaped by the mid-July acquisition of ChampionX, which contributed $579 million in revenue and $139 million in adjusted EBITDA from just two months of consolidated activity; strip that out and organic revenue fell 9% year on year, a stark measure of how a fully supplied oil market and subdued commodity prices are squeezing the core oilfield services business. Saudi Arabia and Mexico were notable soft spots, while deepwater campaigns, including a major new contract in Brazil's Santos Basin, and a Digital division with $926 million in annual recurring revenue provided offsetting momentum. Analysts at Citi and Barclays both raised price targets following the print, encouraged by international market recovery prospects. Looking ahead, SLB expects fourth-quarter revenue growth driven by a full ChampionX quarter and continued Digital expansion.
Key Takeaways
- • ChampionX acquisition contributed $579 million of revenue from two months of activity
- • Digital division delivered 11% sequential and 3% year-on-year revenue growth
- • Digital Operations revenue grew 47% year on year driven by organic growth and ChampionX impact
- • Data Center Solutions revenue grew 98% year on year
- • Resilient activity in Middle East (Iraq, UAE, Oman) and Asia partially offset Saudi Arabia declines
- • Production Systems benefited from ChampionX production chemicals and artificial lift businesses
SLB YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SLB Revenue by Segment
With YoY comparisons, source: SEC Filings
SLB Revenue by Geography
With YoY comparisons, source: SEC Filings
“The third quarter played out in line with our expectations as our revenue increased sequentially supported by two months' additional ChampionX revenue, further growth in Digital and the resilient performance of our Core business. SLB improved revenue despite the backdrop of a fully supplied oil market, an uncertain geopolitical environment and subdued commodity prices.”
— Olivier Le Peuch, Q3 2025 Earnings Press Release
SLB Earnings Trends
SLB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SLB EPS Trend
Earnings per share: estimate vs actual
SLB Revenue Trend
Quarterly revenue: estimate vs actual
SLB Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.52 | — | $8.72B | +0.74% |
| Q4 25 BEAT FY | $0.74 | $0.78 | +5.41% | $9.75B | — |
| FY Full Year | $2.89 | $2.93 | +1.22% | $35.71B | +0.09% |
| Q3 25 BEAT | $0.67 | $0.69 | +3.68% | $8.93B | +0.08% |
| Q2 25 MISS | $0.75 | $0.74 | -1.33% | $8.55B | +0.44% |
| Q1 25 MISS | $0.73 | $0.72 | -1.22% | $8.49B | -1.19% |