NOV reports Q3 2026 revenue up 4% sequentially, net income $90M, outlook cautious amid Middle East uncertainties

NOV Inc. posted third quarter 2026 revenues of $2.23 billion, up 4% sequentially and 2% year-over-year, with net income rising $48 million year-over-year to $90 million. The company highlighted operational momentum driven by demand in the Middle East and a growing backlog in its Energy Products and Services segment. Despite geopolitical risks and expected moderation in Middle East activity, NOV remains confident in its technology leadership and market position to capitalize on future opportunities. For Q4 2026, NOV expects flat revenues year-over-year and Adjusted EBITDA between $260 million and $300 million, noting potential impacts from ongoing regional conflicts.

NOV shares are trading at USD 20.20 on Pluang as of Oct 28, 2026 05:01 WIB, showing a slight 0.05% increase in the last day. The stock's market capitalization stands at $7.20 billion, reflecting its significant presence in the energy sector. Investors typically hold NOV shares for about 19 days on the platform, indicating moderate trading activity.