NOV Inc. — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
NOV reported Q2 2026 revenues of $2.134 billion (flat YoY, +4% sequentially), net income of $112 million ($0.31 EPS), and Adjusted EBITDA of $283 million including a $40 million tariff refund benefit. The company returned $127 million to shareholders via $63 million in share repurchases (3.2 million shares) and $64 million in dividends. Energy Equipment segment achieved 16.4% Adjusted EBITDA margins, and backlog stands at $4.08 billion with a 74% book-to-bill. Q3 2026 guidance: consolidated revenues flat to +2% YoY with Adjusted EBITDA of $240–270 million.
Why this rating
Modest growth and earnings beat offset by YoY revenue decline and negative H1 free cash flow; tariff benefit is one-time; guidance range is conservative.
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