• SLB published prepared remarks from its second-quarter 2026 earnings call hosted from London, attended by CEO Olivier Le Peuch and CFO Stephane Biguet.
• Second-quarter revenue totaled USD 9 billion, up 3% sequentially, despite Middle East revenue falling 13% to USD 1.66 billion.
• Third-quarter base case targets 3%-4% sequential revenue growth, about 75 basis points of adjusted EBITDA margin expansion, assuming gradual Middle East recovery.
• Downside scenario models flat Middle East revenue, cutting third-quarter revenue by about USD 150 million, creating about a USD 75 million adjusted EBITDA headwind.
• Data Center Solutions revenue rose 33% sequentially; management expects it to exit 2027 above a USD 2 billion annualized revenue run rate.

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