SLB (SLB) Q1 2026 Revenue Hits $8.72B, Up 3% YoY on ChampionX Boost
SLB (NYSE:SLB) reported Q1 2026 revenue of $8.72 billion, up 3% year-over-year, fueled by the ChampionX acquisition which contributed $838 million. The stock is one of the best performing in the S&P 500 in 2026.
Key Numbers
SLB N.V. (NYSE:SLB), formerly known as Schlumberger, announced its Q1 2026 financial results with revenue reaching $8.72 billion, a 3% increase year-over-year. The growth was primarily driven by the integration of ChampionX, which contributed $838 million to the top line. SLB shares are among the best performers in the S&P 500 so far in 2026.
Key Financial Results
| Metric | Q1 2026 | YoY Change |
|---|---|---|
| Revenue | $8.72B | +3% |
| ChampionX Contribution | $838M | – |
| Net Income | Not yet disclosed | – |
| EPS | Not yet disclosed | – |
Highlights from the Statement
The company emphasized that the ChampionX acquisition was the primary growth driver, significantly boosting revenue. Strong performance in the energy sector also supported the results.
Guidance
No official guidance for the next quarter has been provided yet.
Impact on the Stock
SLB stock has shown strong performance within the S&P 500 in 2026, reflecting investor confidence in the company's acquisition strategy.
What This Means for Investors
The Q1 results demonstrate the success of SLB's growth-through-acquisition strategy, but investors await further details on profitability and future guidance to fully assess the company's performance.
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