HAL
FY2026 Q2 · Calendar Q3 2026
Halliburton Company
Halliburton reported Q2 2026 revenue of $5.7 billion, up 6% year-over-year, with international revenue at its highest Q2 level in over a decade. EPS of $0.55 beat the $0.538 consensus estimate by 2.2%, and revenue of $5.71B exceeded the $5.50B estimate by 4.0%. Despite the beat, shares declined 6.3% on the session with 3.1x normal volume, followed by a further 5.1% drift over subsequent sessions. Q3 guidance points to flat-to-modest revenue declines in both divisions, though management expects margin expansion of 25-175 basis points. The chemical business divestiture introduces uncertainty into the Completion and Production segment's top line, while Middle East geopolitical risk persists. The stock now trades at $31.52, well below the analyst consensus target of $42.78.
EPS surprise+2.2%
Market move-5.5%
