Innovex International Q3 revenue beats estimates on US land activity
INVX•Innovex International's Q3 revenue rose 10% year over year to $265.05 million, beating the $261.58 million estimate, while adjusted EBITDA of $55.4 million topped the $53.51 million estimate. The company expects Q4 revenue of $260 million to $270 million and adjusted EBITDA of $53 million to $58 million.
1. Q3 results
Innovex International said Q3 revenue rose 10% year over year to $265.05 million, above analyst expectations of $261.58 million. Adjusted EBITDA was $55.4 million, beating the $53.51 million estimate; net income was $26.29 million.
2. Q4 outlook
The company expects Q4 2026 revenue of $260 million to $270 million and adjusted EBITDA of $53 million to $58 million. It said project timing and geopolitical uncertainty may cause quarter-to-quarter variability.
3. Activity and growth
Innovex cited increased US land activity and share gains, especially in cementing tools, as contributors to Q3 results. It also said its re-entry into Venezuela amid recovering activity provided new growth opportunities.
