Quarterly ResultJul 28, 2026, 05:47 PM
NOV Q2 Revenue $2.13B, Net Income $112M, EPS $0.31
AI Summary
NOV Inc. reported strong second quarter 2026 financial results, with revenues reaching $2.13 billion, a 4% sequential increase. Net income significantly improved to $112 million, or $0.31 per share, and Adjusted EBITDA rose to $283 million. The company returned $127 million to shareholders and provided a positive outlook for Q3 2026, expecting consolidated revenues to be flat to up 2% year-over-year and Adjusted EBITDA between $240 million and $270 million.
Key Highlights
- Q2 2026 revenues of $2.13 billion, up 4% sequentially, down 2% year-over-year.
- Net income of $112 million, or $0.31 per share, up $4 million year-over-year.
- Adjusted EBITDA of $283 million, up $31 million year-over-year.
- Returned $127 million to shareholders via share repurchases and dividends.
- Energy Equipment revenues $1.22 billion, up 1% year-over-year.
- Energy Products and Services revenues $974 million, down 5% year-over-year.
- Q3 2026 revenue guidance: flat to up 2% year-over-year.
- Q3 2026 Adjusted EBITDA guidance: $240 million to $270 million.
Price Impact
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