NOV Reports Second Quarter 2026 Earnings
Revenues of $2.13 billion, up 4% sequentially and down 2% year-over-year Net income of $112 million, or $0.31 per share, an increase of $93 million sequentially and $4 million year-over-year Adjusted EBITDA 1,2 of $283 million, an increase of $106 million sequentially and $31 million year-over-year Returned $127 million of capital to shareholders through share repurchases and dividends Bookings of $474 million, representing a book-to-bill of 74% 1 Free Cash Flow, Excess Free Cash Flow, Adjusted operating profit, and Adjusted EBITDA are non-GAAP measures, see “Non-GAAP Financial Measures,” and “Reconciliation of GAAP to non-GAAP measures” below. 2 Second quarter 2026 Adjusted EBITDA includes a benefit of approximately $40 million related to tariff refunds HOUSTON, July 28, 2026 (GLOBE NEWSWIRE) -- NOV Inc. (NYSE: NOV) today reported second quarter 2026 revenues of $2.13 billion, an increase of four percent sequentially and a decrease of two percent compared to the second quarter of 2025.