NOV Q2 FY26 net income rises 4% year-over-year to $112 million; revenue falls 2% to $2.13 billion - NOV News | RalliesNOV Q2 FY26 net income rises 4% year-over-year to $112 million; revenue falls 2% to $2.13 billion
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NOV• Outlook
- NOV said Q3 revenue is expected to be flat to up 2% year-over-year.
- Adjusted EBITDA is seen at $240 million to $270 million.
Q2 results
- NOV posted Q2 2026 revenue of $2.13 billion, up 4% sequentially, down 2% year-over-year.
- Net income attributable to shareholders rose to $112 million, or $0.31 per share, up $93 million sequentially.
- Adjusted EBITDA climbed to $283 million, up $106 million sequentially; results included about $40 million of tariff refunds.
- Energy Equipment revenue edged up to $1.22 billion, while Energy Products and Services revenue fell to $974 million.
