Quarterly UpdatesApr 15, 2026, 09:36 AM
NOV Inc. Q1 2026 Results Below Guidance Due to Disruptions
AI Summary
NOV Inc. announced that operational disruptions caused by the war in the Middle East will lead to first quarter 2026 revenue and earnings falling below prior guidance. The company now expects to report preliminary unaudited revenues of $2.05 billion, operating profit of $47 million, and Adjusted EBITDA of $177 million for the quarter ended March 31, 2026.
Key Highlights
- NOV Inc. expects Q1 2026 revenue of $2.05 billion.
- Operating profit is projected at $47 million for Q1 2026.
- Adjusted EBITDA is anticipated to be $177 million for Q1 2026.