NOV Q2 net income falls 52% to $108 million; revenue down 1% year-over-year
NOV reported second quarter 2025 revenue of $2.19 billion, down 1% from a year earlier but up 4% sequentially, and net income of $108 million, or $0.29 per share, down 52%. The company said the decline in net income was primarily due to a pre-tax gain of approximately $130 million on a business sale in the second quarter of 2024. For the third quarter, management expects revenue to fall 1% to 3% year-over-year and Adjusted EBITDA of $230 million to $250 million, compared with $252 million in the second quarter.
Key points
- Q2 2025 revenue of $2.19 billion, down 1% year-over-year and up 4% sequentially
- Net income of $108 million, or $0.29 per share, down 52%; prior-year period included a pre-tax gain of approximately $130 million on a business sale
- Q3 2025 outlook: consolidated revenue down 1% to 3% year-over-year; Adjusted EBITDA of $230 million to $250 million
- Returned $176 million to shareholders in Q2, including $69 million of share repurchases and a $0.21 per share supplemental dividend
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.