---
schema_version: "secwatch.filing_event.v1"
accession: "0001737706-26-000023"
form_type: "8-K"
ticker: "SDRL"
cik: "0001737706"
company_name: "Seadrill Ltd"
filed_at: "2026-08-07T22:02:38+00:00"
generated_at: "2026-08-10T10:05:35.348538+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Seadrill Q2 net income $29M, revenue $449M; raises FY2026 EBITDA guidance to $420-450M

## Summary
- Q2 2026 revenue $449M (vs $358M prior qtr); net income $29M vs -$7M loss; diluted EPS $0.47 vs -$0.11.
- Adjusted EBITDA $144M (vs $97M); margin ex-reimbursables 33.5% vs 27.9%; 96% economic utilization.
- Raised FY2026 guidance: revenue $1.50-1.55B (was $1.43-1.48B); Adjusted EBITDA $420-450M (was $370-420M).
- Contract backlog ~$2.9B; West Vela 1-yr U.S. Gulf contract ~$161M; West Capella Malaysia extension ~$26M.
- Refinanced 2030 senior notes to 2034; RCF raised to $300M from $225M; repurchased ~$20M shares in Q2.

## SEC filing metadata
- accession: 0001737706-26-000023
- form_type: 8-K
- ticker: SDRL
- cik: 0001737706
- company_name: Seadrill Ltd
- filed_at: 2026-08-07T22:02:38+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000023/0001737706-26-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1737706/000173770626000023/sdrl-20260810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001737706-26-000023
- JSON: https://secwatch.observer/filing/0001737706-26-000023.json
- Plain text: https://secwatch.observer/filing/0001737706-26-000023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.