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北京时间·🕒 发布 18:57:17时区推断·⟳ 抓取 18:57:17·⚡ 决策 07-24 18:58:29 +1m12s·95.1 天前
SLB二季度营收和调整后EPS小幅超预期但全年资本投资指引不变
SLB二季度收入89.7亿美元、高于市场预期86.7亿美元，调整后EPS 0.55美元、高于预期0.51美元。
📄 原文Wall St Engine@wallstengine↗ 原文
$SLB Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $8.97B (Est. $8.67B) 🟢; +5% YoY 🔹 Adj. EPS: $0.55 (Est. $0.51) 🟢; -26% YoY 🔹…
不做 SLB（SLB.US）
排期内财报仅小幅超预期，利润同比下滑且全年资本投资指引不变；Data Center Solutions体量仍小，不足以支撑盘前追多。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
消息传播链
- SLB提前公告将于2026-07-24美东盘前发布二季度业绩并于9:30 ET召开电话会，说明本次财报日期本身并非突发。
- 社交账号汇总SLB Q2业绩：收入和EPS小幅超预期，但利润同比下滑且资本投资指引不变。
- MarketBeat显示SLB Q2共识EPS约0.51美元、收入约86.7亿美元，确认本次披露属于小幅beat而非大幅超预期。市场反应:页面显示7月23日收盘价47.25美元、盘后47.28美元，财报前未见显著重定价。
关键理由
- SLB二季度收入89.7亿美元、高于市场预期86.7亿美元，调整后EPS 0.55美元、高于预期0.51美元。
- 但调整后EPS同比下降26%、净利润同比下降22%，且FY26资本投资约25亿美元指引维持不变，缺少能推动大市值油服股继续重估的上修增量。
- Data Center Solutions收入1.86亿美元、同比增长80%，但相对季度总收入89.7亿美元仅约2.1%，更多是中期叙事而非本次财报短线主导项。
主要风险
- 若9:30 ET电话会进一步上调数据中心业务订单或利润率指引，可能改变短线判断。
- 财报盘前发布且属于排期内事件，市场会在开盘前快速消化，追财报小幅beat容易高开低走。
反向证据
- 做多前查反向 · 来源 web · 日期 2026-07-24 · 影响 weakens
反向因素是EPS和净利润同比双降，且FY26资本投资指引未上修，削弱小幅beat的交易价值。
检索:SLB Q2 2026 earnings EPS revenue guidance profit decline 原文 ↗
原文全文
展开原文 · 1,130 字
$SLB Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $8.97B (Est. $8.67B) 🟢; +5% YoY
🔹 Adj. EPS: $0.55 (Est. $0.51) 🟢; -26% YoY
🔹 Net Income: $786M; -22% YoY
Affirms FY26 Guide:
🔹 Capital Investment: ~$2.5B; unchanged
Segment Net Revenue:
🔹 Digital: $697M; +18% YoY
🔹 Reservoir Performance: $1.56B; -8% YoY
🔹 Well Construction: $2.74B; -7% YoY
🔹 Production Systems: $3.77B; +29% YoY
🔹 All Other: $505M; -13% YoY
Other Q2 Metrics:
🔹 Adjusted EBITDA: $1.90B; -7% YoY
🔹 Free Cash Flow: $716M
🔹 Digital ARR: $1.04B; +15% YoY
🔹 Data Center Solutions Revenue: $186M; +80% YoY
Comments:
🔸 “SLB delivered solid second-quarter results, as broad-based sequential growth across international markets — led by offshore activity in Latin America, Europe & Africa and Asia — more than offset the impact of continued disruptions in the Middle East.”
🔸 “The Data Center Solutions business remains on track to exceed $1 billion annualized revenue run rate by the end of this year. As we broaden our offering and further diversify our customer base and geographic footprint, we expect to surpass $2 billion annualized revenue run rate as we exit 2027.”
🔹 Revenue: $8.97B (Est. $8.67B) 🟢; +5% YoY
🔹 Adj. EPS: $0.55 (Est. $0.51) 🟢; -26% YoY
🔹 Net Income: $786M; -22% YoY
Affirms FY26 Guide:
🔹 Capital Investment: ~$2.5B; unchanged
Segment Net Revenue:
🔹 Digital: $697M; +18% YoY
🔹 Reservoir Performance: $1.56B; -8% YoY
🔹 Well Construction: $2.74B; -7% YoY
🔹 Production Systems: $3.77B; +29% YoY
🔹 All Other: $505M; -13% YoY
Other Q2 Metrics:
🔹 Adjusted EBITDA: $1.90B; -7% YoY
🔹 Free Cash Flow: $716M
🔹 Digital ARR: $1.04B; +15% YoY
🔹 Data Center Solutions Revenue: $186M; +80% YoY
Comments:
🔸 “SLB delivered solid second-quarter results, as broad-based sequential growth across international markets — led by offshore activity in Latin America, Europe & Africa and Asia — more than offset the impact of continued disruptions in the Middle East.”
🔸 “The Data Center Solutions business remains on track to exceed $1 billion annualized revenue run rate by the end of this year. As we broaden our offering and further diversify our customer base and geographic footprint, we expect to surpass $2 billion annualized revenue run rate as we exit 2027.”
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