Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
ChampionX tilted SLB toward thinner-spread products
Product sales grew 15.9% while services fell, and products keep less of each dollar, so the blended spread narrowed.
For investorsWhat has to go right for the spread to widen again?
For foundersSelling know-how on assets you do not own
Backlog of $6.8B sits against $9.45B of quarterly revenue, so most sales rest on decisions customers make as they go.
First-quarter free cash flow is a small fraction of the fourth, so one quarter's cash says little about the full year.
Capital spending is small next to revenue and the big losses sat below operating income, so free cash flow stayed positive.
Unlock the financial breakdown, competitive insights, historical trends and founder playbook, plus research across the company library.
Free CXProWealth membership required
Business Lens describes Schlumberger from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
