In 2026, Schlumberger, widely known for its oilfield services, is quietly transforming into a major player in AI infrastructure. Its Data Center Solutions segment is on track to reach $1 billion in revenue by year-end.
The first quarter of 2026 saw this segment generate $141 million, marking a 45% increase year-over-year and a 10% rise from the previous quarter. This momentum reflects a broader trend: full-year revenue more than doubled from $208 million in 2024 to $460 million in 2025.
The company has delivered over 1.3 gigawatts of modular infrastructure to hyperscalers, accelerating data center construction by cutting onsite build time by up to 40%. Instead of traditional data centers, Schlumberger manufactures scalable, modular units off-site and ships them directly to large-scale data users.
CEO Olivier Le Peuch calls this segment one of the fastest-growing areas in the company, different from its classic oil and gas operations and promising both high growth and high margins. The goal is to double the revenue to $2 billion by 2027, which would require maintaining a steep growth curve.
For investors accustomed to energy market swings, this pivot offers a fresh diversification strategy. Schlumberger announced these results on April 24, showing a clear commitment to expanding beyond oil.
