NOV Reports Second Quarter 2026 Earnings

NOV Inc. reported Q2 2026 revenues of $2.13 billion (up 4% sequentially, down 2% year-over-year) with net income of $112 million ($0.31 per share). Adjusted EBITDA increased to $283 million, benefiting from $40 million in tariff refunds. The company returned $127 million to shareholders and expects Q3 2026 revenues to be flat to up 2% with Adjusted EBITDA between $240-270 million. Management highlighted improving industry fundamentals, growing capital equipment opportunities, and successful deployment of digital and robotics solutions across offshore and onshore operations.