SLB N.V. (SLB) Earnings Call Transcripts
SLB N.V.'s Latest Earnings Call - August 31, 2026
In the Q2 2026 earnings call, SLB N.V. announced a strategic acquisition of Kelvion for approximately $3.4 billion, aimed at enhancing its data center solutions business. The acquisition is expected to significantly expand SLB's addressable market and strengthen its position in the rapidly growing AI infrastructure sector. For Q2 2026, SLB reported revenue of $2.3 billion, with adjusted EBITDA expected to reach between $350 million and $400 million for Kelvion, indicating strong growth potential. Management maintained a positive outlook, projecting combined data center revenue of $4.5 billion to $5 billion by 2028, driven by robust demand and synergies from the acquisition.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $2.3B (beat) |
| Kelvion Revenue Projection | $2.3B to $2.4B (positive) |
| Combined Data Center Revenue Projection | $4.5B to $5B (positive) |
| Bookings Growth | 130% (positive) |
| EBITDA Synergies | $120M (positive) |
| Total Returns to Shareholders | $4B (positive) |
Guidance from management
Management expects the combined data center businesses to generate revenue of $4.5 billion to $5 billion and adjusted EBITDA of $700 million to $800 million by 2028. This guidance reflects strong demand and anticipated synergies from the Kelvion acquisition.
What management said
Thank you, Sarah. Good morning, and welcome to our conference call following SLB's announced agreement to acquire Kelvion earlier today. Joining us on the call are Olivier Le Peuch, Chief Executive Officer; and Stephane Biguet, Chief Financial Officer. Before we begin, I would like to remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and unce...
Yes, Carlos, thanks for highlighting revenue synergies. As usual, we do try to be a bit conservative on revenue synergies as we start the integration process because they unfold a bit later. We will start with cost synergies and those cost synergies are procurement, indirect spend, logistics optimization, service center footprint and some G&A savings. So indeed of the $120 million, $70 million of it is cost. But aga...
What analysts pressed on
Analysts raised questions about the integration of Kelvion and potential challenges in realizing the projected synergies. There were also concerns regarding the competitive landscape and how SLB plans to retain Kelvion's existing customer relationships post-acquisition.
Main topics on the call
- Acquisition of Kelvion — SLB announced the acquisition of Kelvion to enhance its data center solutions, stating it 'marks an important milestone for SLB and accelerates our ambition to become an industrial technology partner to the data center i...
- Growth Projections — Management projected that the combined data center businesses will generate revenue of $4.5 billion to $5 billion by 2028, with adjusted EBITDA of $700 million to $800 million. They noted, 'we believe this is a very exci...
- Synergy Expectations — SLB expects to realize approximately $120 million in annual EBITDA synergies within three years post-acquisition, with about 60% achieved in the second year. Management highlighted that 'cost synergies will come primaril...
- Strong Demand in Data Center Market — The demand for SLB's data center solutions is robust, with total H1 2026 bookings of $1.5 billion, a 43% year-over-year increase. This is indicative of the strong market momentum, as noted by management, 'combined data c...
Read the full SLB N.V. transcript (August 31, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About SLB N.V.
SLB N.V. (SLB) is a publicly listed company in the Energy Equipment and Services industry, within the Energy sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 36 calls on record spanning January 17, 2020 to August 31, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 36 SLB N.V. earnings call transcripts on record, spanning January 17, 2020 to August 31, 2026. Based on this history, SLB N.V. reports quarterly. The most recent call on file is dated August 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- SLB
- Exchange
- NYSE
- Country
- US
- Sector
- Energy
- Industry
- Energy Equipment and Services
- Calls on record
- 36
- First call
- January 17, 2020
- Most recent
- August 31, 2026
- Reporting cadence
- quarterly