NOV Inc. — Form 8-K
Filed October 28, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 42/100
What the filing says
NOV reported Q3 2026 revenues of $2.23 billion (+4% sequentially, +2% YoY) and adjusted EBITDA of $281 million (+$23M YoY). Net income was $90 million or $0.25/share. Energy Equipment revenue declined 2% YoY to $1.22B; Energy Products & Services grew 9% YoY to $1.06B. The company returned $47M to shareholders in Q3 (0.8M shares repurchased for $15M, $32M dividends paid). Backlog stands at $3.98B; book-to-bill 91%. For Q4 2026, NOV guides consolidated revenue roughly flat YoY with adjusted EBITDA $260–$300M.
Why this rating
Solid Q3 execution with modest organic growth (+2% revenue YoY). Positive segment momentum (EPS +9% YoY) offset by EE decline. Backlog healthy but book-to-bill below 100% signals near-term headwinds. Q4 guidance 'flat' YoY with Middle East moderation risk. Capital return ($47M) meaningful but within shareholder program. Event is routine quarterly reporting; no material deal, restatement, or leadership change.
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