Net income at NOV rose $48 million year over year to $90 million
NOV Inc. reported Q3 2026 revenues of $2.23B, up 2% YoY, with net income of $90M, up $48M YoY. Adjusted EBITDA was $281M, up $23M YoY. Bookings were $577M, with a book-to-bill of 91%. The company expects Q4 revenues to be flat YoY and Adjusted EBITDA between $260M and $290M. NOV repurchased 0.8M shares and had $1.5B in debt as of Q3 2026.
How this was made
The 30-second read
Why it matters
The recap reinforces existing expectations; no fresh catalyst to drive price.
Market read
A routine earnings recap with limited trading relevance.
What to watch
Recent contract wins in offshore wind and mooring systems may provide upside not reflected in the recap.
Background
NOV Inc. reported Q3 2026 results with revenue up 2% YoY, net income $90 M, and provided flat Q4 revenue guidance.
Ticker impact
Third‑quarter 2026 results show $90 M net income, $2.23 B revenue and flat Q4 guidance, all previously released.
likely modest pressure as investors digest flat outlook
Numbers were already public; no new catalyst beyond recap, so limited market move expected.
Market effects
Energy equipment sector sees no immediate shift; flat guidance may temper sector optimism.
No specific regional effect beyond the company's own outlook.
Limited; the story is a routine earnings recap.
Counterpoint
If investors focus on the strong order backlog and new technology wins, the stock could hold despite flat guidance.
Key entities
- CompanyNOV Inc.
U.S. energy equipment provider (NYSE: NOV).
