NOV reports Q3 2026 revenue of $2.23 billion, net income $90 million and issues Q4 guidance
National Oilwell Varco (NOV) posted third‑quarter 2026 revenue of $2.23 billion, up 2% year‑over‑year, and net income of $90 million, or $0.25 per share. Adjusted EBITDA reached $281 million and bookings were $577 million, giving a book‑to‑bill ratio of 91%. Management guided Q4 2026 revenue to be flat year‑over‑year and adjusted EBITDA between $260 million and $300 million, while noting a moderate decline in Middle‑East activity and a negative free‑cash‑flow of $47 million.
Why it matters
The revenue beat and solid EBITDA guidance support NOV’s earnings outlook, but the negative free cash flow and lowered Q4 book‑to‑bill outlook (80‑85%) raise concerns about near‑term cash generation and order intake. Investors will weigh the strong top‑line performance against the cash‑flow pressure when valuing the stock.
Key facts
- 1Q3 2026 revenue was $2.23 billion, up 2% year‑over‑year. stocktitan.net
- 2Net income for the quarter was $90 million, or $0.25 per share. stocktitan.net
- 3Adjusted EBITDA was $281 million. stocktitan.net
- 4Bookings totaled $577 million, giving a book‑to‑bill ratio of 91%. stocktitan.net
- 5Management expects Q4 2026 revenue to be roughly flat year‑over‑year. stocktitan.net
- 6Adjusted EBITDA guidance for Q4 2026 is $260 million to $300 million. stocktitan.net
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.