NOV Reports Third Quarter 2026 Earnings
NOV reported Q3 2026 revenue of $2.23 billion, up 4% sequentially and 2% year-over-year, with net income of $90 million ($0.25 per diluted share). Adjusted EBITDA rose $23 million year-over-year to $281 million (12.6% of sales), though it included a $5 million tariff refund benefit; bookings of $577 million represented a 91% book-to-bill, and Energy Equipment backlog stands at $3.98 billion. Management guided Q4 revenue roughly flat year-over-year with Adjusted EBITDA of $260-$300 million, while cautioning that Middle East activity is expected to moderate as certain customers adjust drilling programs.
Key figures
- Eps
- 0.25
- Revenue
- 2226000000
- Guidance
- Q4 2026: consolidated revenues roughly flat YoY; Adjusted EBITDA between $260 million and $300 million
- Revenue Yoy
- 2%
- Cash
- 1060000000
- Backlog
- 3980000000
- Bookings
- 577000000
- Net income
- 90000000
- Total debt
- 1710000000
- Book to bill
- 91%
- Buyback amount
- 15000000
- Dividends paid
- 32000000
- Free cash flow
- -47000000
- Adjusted ebitda
- 281000000
- Capital returned
- 47000000
- Tariff refund benefit
- 5000000
- Adjusted ebitda margin
- 12.6%
- Energy equipment revenue
- 1220000000
- Adjusted operating profit
- 188000000
- Energy products and services revenue
- 1060000000
AI analysis
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