NOV Beats in Q2 2026 with $2.13B Revenue, Sets Q3 Outlook
NOV sits 76% above its 52-week low of $11.775.
Summary
NOV Inc. posted Q2 2026 revenue of $2.13 billion, beating consensus, with Adjusted EBITDA of $283 million. The company guided for Q3 revenue growth of flat to 2% and Adjusted EBITDA of $240–$270 million.
Key Events · Earnings and Guidance · NOV
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Q2 Revenue and Earnings Beat
Revenue of $2.13 billion exceeded the $2.09 billion consensus, up 4% sequentially. Net income rose to $112 million, or $0.31 per diluted share.
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Adjusted EBITDA Boosted by Tariff Refunds
Adjusted EBITDA reached $283 million, including a $40 million benefit from tariff refunds. Excluding this, Adjusted EBITDA was $243 million, still up $31 million year-over-year.
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Shareholder Returns of $127 Million
NOV repurchased 3.2 million shares for $63 million and paid $64 million in dividends, continuing its capital return program.
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Q3 2026 Guidance Issued
Management expects Q3 consolidated revenue flat to up 2% year-over-year, with Adjusted EBITDA between $240 million and $270 million.
Analysis · NOV · Energy & Transportation
A solid Q2 beat underscores NOV's momentum: revenue hit $2.13 billion, up 4% sequentially, and net income reached $112 million. Adjusted EBITDA came in at $283 million, though that figure includes a $40 million tariff refund benefit. The company also returned $127 million to shareholders through buybacks and dividends. Looking ahead, Q3 guidance calls for flat to 2% revenue growth and Adjusted EBITDA of $240–$270 million, signaling confidence in a global recovery despite geopolitical headwinds.
At the time of this filing, NOV was trading at $20.72 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $7.1B. The 52-week trading range was $11.78 to $21.55. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.