Earnings Call
Jul 21, 2026
Q2 FY2026
EPS Estimate
0.54
EPS Actual
0.55
Post-Earnings Close
$33.19
Earnings Reaction
-5.5%
Halliburton's second quarter 2026 results reflect a company navigating a bifurcated operating environment with notable skill, international momentum accelerating while Middle East disruption creates a near-term drag, and North America recovering from a prolonged trough. Total revenue of $5.7 billion rose 6% sequentially, with adjusted EPS of $0.55 coming in just above the $0.54 consensus estimate. Adjusted operating margin of 12% was broadly in line with expectations, though both divisions landed at the lower end of their guided margin ranges due to elevated mobilization costs, Gulf of Mexico timing delays, and product line mix effects.
Report generated on Jul 21, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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