NOV Q3 revenue beats estimates on Middle East demand
NOV•NOV’s third-quarter revenue rose 2% year over year to $2.23 billion, beating the $2.20 billion estimate. EPS was $0.25, net income was $90 million and adjusted EBITDA was $281 million; the company expects fourth-quarter 2026 revenue to be roughly flat year over year.
1. Quarterly results
NOV reported third-quarter revenue of $2.23 billion, up 2% year over year and above the $2.20 billion analyst estimate. EPS was $0.25, net income was $90 million and adjusted EBITDA rose year over year to $281 million.
2. Demand and outlook
The company said growth was driven by supporting customers in the Middle East and increasing manufacturing throughput against a growing backlog in Energy Products and Services. Higher throughput and operational efficiencies in that segment also led to higher margins. NOV expects fourth-quarter 2026 revenue to be roughly flat year over year and adjusted EBITDA of $260 million to $300 million.
