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NOV Reports Q3 Revenue of $2.23 Billion and Net Income of $90 Million

NOV reported Q3 2026 revenue of $2.23B, up 2% YoY, with net income of $90M. EPS was $0.25, and Adjusted EBITDA was $281M. Q4 revenue is expected to be flat YoY. Energy Equipment saw mixed demand, while Energy Products and Services improved throughput. NOV secured various orders and anticipates Middle East activity to moderate in Q4 due to customer adjustments and geopolitical conditions.

Original reporting
tradingview.com
Published Oct 28, 2026, 1:03 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 28, 2026, 1:16 PM UTC. Informational, not investment advice.
How this was made
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NOV Reports Q3 Revenue of $2.23 Billion and Net Income of $90 Million — source image
Source · tradingview.com
Decision brief

The 30-second read

$NOVBearishHigh
01

Why it matters

Earnings beat on a small margin but guidance suggests limited near‑term growth, likely pressuring the stock.

02

Market read

The earnings release provides fresh data for traders to reassess valuation and short‑term positioning in the energy services sector.

03

What to watch

Tariff refund benefit and backlog of $3.98B could support future earnings if projects resume.

Relevance 8/10Novelty 8/10Timing: post‑market today

Background

NOV Inc. reported its Q3 2026 results, highlighting modest revenue growth and a flat Q4 outlook amid mixed project activity.

Company-level read

Ticker impact

$NOVBearishHigh confidence
Context

Q3 2026 earnings release showing $2.23B revenue and $90M net income, with flat Q4 guidance.

Expected impact

likely slight downside pressure as flat Q4 guidance tempers growth expectations

Evidence & confidence

Investors may discount the modest beat and focus on the lack of revenue growth going forward.

Market effects

Sector

Energy equipment sector may see broader scrutiny as peers report flat guidance.

Regional

U.S. oilfield services stocks could experience modest pullback.

Global

Limited; impact confined to North American energy services market.

Counterpoint

What could challenge this read

Flat guidance may be a temporary pause; long‑term demand for offshore projects could drive upside.

Key entities

  • company
    NOV Inc.

    U.S. oilfield services and equipment provider.

Read at source← All news

StoryNOV reports Q3 2026 revenue of $2.23 billion, net income $90 million and issues Q4 guidance

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