Quarterly ResultJul 29, 2026, 09:12 AM

NOV Q2 Revenue $2.13B, Net Income $112M; Adjusted EBITDA $283M

AI Summary

NOV Inc. reported second quarter 2026 revenues of $2.13 billion, a 4% sequential increase, and net income of $112 million, or $0.31 per share. Adjusted EBITDA reached $283 million, benefiting from $40 million in tariff refunds. The company returned $127 million to shareholders through share repurchases and dividends, and secured significant new orders for offshore production equipment and digital solutions, indicating improving market fundamentals and a growing pipeline of opportunities.

Key Highlights

Q2 2026 Revenue: $2.13 billion, up 4% sequentially.
Q2 2026 Net Income: $112 million, or $0.31 per share.
Q2 2026 Adjusted EBITDA: $283 million, including $40 million from tariff refunds.
Returned $127 million to shareholders through share repurchases ($63M) and dividends ($64M).
Energy Equipment segment revenue: $1.22 billion, with $474 million in new orders.
Energy Products and Services segment revenue: $974 million.
Q3 2026 Outlook: Consolidated revenues flat to up 2% year-over-year.
Secured orders for offshore production processing, AI-enabled diagnostics, and data services.

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NOV

Oil and Gas Field Machinery

NOV Inc.

Price Impact