Quarterly ResultJul 29, 2026, 01:03 PM
NOV Q2 Net Income $112M, EPS $0.31; Operating Profit +35%
AI Summary
NOV Inc. reported mixed financial results for the second quarter and first half of 2026. For Q2 2026, net income attributable to the company increased to $112 million, or $0.31 per share, on revenue of $2.134 billion. Operating profit saw a significant increase of 35% to $193 million. However, for the six months ended June 30, 2026, net income attributable to the company decreased to $131 million, or $0.36 per share, and net cash used in operating activities was $9 million, a substantial decline from the prior year. Cash dividends per share also decreased for the quarter.
Key Highlights
- Q2 2026 Net Income attributable to Company was $112M, up from $108M.
- Q2 2026 Basic EPS was $0.31, up from $0.29.
- Q2 2026 Operating Profit increased 35% to $193M.
- Q2 2026 Revenue was $2.134B, down from $2.188B.
- H1 2026 Net cash used in operating activities was $(9)M vs $326M provided in H1 2025.
- Q2 2026 Energy Equipment segment operating profit rose to $177M.
- Q2 2026 Cash dividends per share were $0.18, down from $0.285.
- Remaining performance obligations totaled $4.443B as of June 30, 2026.
Price Impact
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