NOV Q3 revenue rises 2% to $2.23 billion; net income $90 million
NOV reported third-quarter 2026 revenue of $2.23 billion, up 2% from a year earlier, and net income attributable to the company of $90 million, or $0.25 per diluted share, versus $42 million a year earlier. For the fourth quarter, management expects revenue roughly flat year-over-year and Adjusted EBITDA of $260 million to $300 million, and it expects Middle East activity to moderate.
Key points
- Third-quarter revenue of $2.23 billion, up 2% year-over-year and 4% sequentially; bookings of $577 million, a book-to-bill of 91%
- Net income attributable to the company of $90 million, or $0.25 per diluted share, compared with $42 million a year earlier
- Adjusted EBITDA of $281 million, up $23 million year-over-year, including about $5 million of tariff refund benefits
- Fourth-quarter 2026 outlook: revenue roughly flat year-over-year; Adjusted EBITDA between $260 million and $300 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.