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AI brief of an SEC Form 8-K · NOV (NOV)

NOV net income falls 68% to $42 million; Q4 revenue guided down 5% to 7%

Negative Impact 3 of 5 earnings Written later

NOV reported third-quarter 2025 revenue of $2.18 billion, down 1% from a year earlier, while net income fell 68% to $42 million, or $0.11 per share, after $65 million in Other Items tied mainly to asset write-downs, inventory and severance charges. For the fourth quarter, management expects year-over-year revenue to decline 5% to 7%, with Adjusted EBITDA of $230 million to $260 million. The company also appointed President and Chief Operating Officer Jose A. Bayardo to its board, expanding it to ten directors.

Key points

  • Q3 2025 revenue of $2.18 billion, down 1% year over year; Adjusted EBITDA of $258 million, down 10%.
  • Net income of $42 million, or $0.11 per share, compared with $130 million, or $0.33 per share, in Q3 2024.
  • Q4 2025 guidance: revenue down 5% to 7% year over year; Adjusted EBITDA between $230 million and $260 million.
  • Bookings of $951 million (book-to-bill of 141%) and free cash flow of $245 million; $108 million returned to shareholders.

The filing

CompanyNOV (NOV)
Form8-K, current report
Filed with the SECOct 28, 2025, 9:00 AM ET
Accession number0001193125-25-252481

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 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 October 28, 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.