SLB Says Data Center Unit Is on Track to Top $2B Run Rate at 2027 Exit

SLB said its Data Center Solutions business remains on track to exceed a $2 billion annualized revenue run rate as 2027 ends, reiterating a goal the company first set in July.

SLB CEO Olivier Le Peuch said on the company’s Oct. 23 earnings call that the unit was “very well on track to surpass $2 billion in exit rate for 2027.” The July target specified an annualized revenue run rate as SLB exits 2027.

Data Center Solutions generated $230 million for the quarter ended Sept. 30, up 23% from the second quarter and 76% from the third quarter of 2025. In the first nine months of 2026, it generated $557 million, 68% more than in the same period a year earlier.

The unit designs and manufactures infrastructure components, including modular enclosures and cooling systems, for hyperscalers and enterprises. SLB includes the business in its “All Other” reporting category.