NOV (NOV)
NYSE:NOV
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.17Last Year’s EPS
0.34Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call balanced demonstrable operational and commercial strengths—record safety performance, strong bookings, expanding subsea flexible pipe and process systems businesses, backlog build, and active capital return and cost-reduction programs—against meaningful near-term headwinds from the Middle East conflict, supply chain/logistics disruption, tariff and input-cost pressure, and softer aftermarket and EPS volumes. Management is cautiously optimistic about an accelerating multi-quarter recovery and has approved targeted capacity investment, but near-term guidance and results reflect ongoing disruption and cost pressure.Company Guidance
Consolidated Revenue and EBITDA
Reported consolidated revenue of $2.05 billion and adjusted EBITDA of $177 million (9% of sales) in Q1 2026, demonstrating ongoing cash-generative operations despite macro disruptions.
Safety Performance
Lowest ever total recordable incident rate (TRIR) and lost time incident rate (LTIR) achieved in the quarter, reflecting strong HSE culture and operational discipline.
Energy Equipment Segment Growth
Energy Equipment revenue of $1.19 billion, up 4% year-over-year; segment EBITDA $131 million (11% of sales). Capital equipment sales comprised 63% of segment revenue and grew approximately 16% year-over-year.
Strong Orders and Backlog
Energy Equipment bookings of $520 million in Q1 with a book-to-bill of 80% (orders improved by $83 million year-over-year and noted as the strongest Q1 intake since 2019). Ending consolidated backlog for the segment was $4.23 billion.
Subsea Flexible Pipe Outperformance
Subsea flexible pipe business achieved record quarterly EBITDA for the third consecutive quarter, with quarterly book-to-bill above 100% and multi-year backlog extending into 2028.
Process Systems Momentum
Process Systems revenue rose more than 50% year-over-year and delivered record quarterly EBITDA, supported by offshore production and onshore international gas demand.
Energy Products & Services Wins and Market Share Gains
ReedHycalog drill bit revenue grew 8% in the U.S. (outpacing a 7% decline in U.S. rig count since Q1 2025). Drill pipe bookings outpaced the three-year quarterly average with backlog at the highest level in 2.5 years.
Robust Bookings in Fiberglass and Drill Pipe
Fiberglass business achieved record quarterly bookings (backlog highest in ten quarters) and drill pipe orders were strong, supporting expected backlog conversion in Q2.
Capital Allocation and Shareholder Returns
Repurchased 3.5 million shares for $67 million, paid $33 million in dividends (20% increase in the quarterly dividend), and returned over $900 million to shareholders over the past eight quarters; intend a supplemental dividend in Q2 to true-up 2025 commitments.
Cost Reduction and Operational Efficiency Actions
Since 2025: global headcount reduced by 8%, over 40 facilities exited, a global service center established in Kochi, India, and increased IT investment to drive efficiency—efforts expected to increasingly offset tariffs and inflation starting in 2026.
Targeted Growth Investment
Approved $200 million expansion of subsea flexible pipe manufacturing in Brazil to address developing capacity shortfalls linked to growing offshore activity.
NOV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NOV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 27, 2026 | $20.82 | $20.29 | -2.55% |
Feb 04, 2026 | $19.29 | $18.15 | -5.88% |
Oct 28, 2025 | $14.81 | $15.17 | +2.41% |
Jul 29, 2025 | $12.83 | $12.59 | -1.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does NOV (NOV) report earnings?
NOV (NOV) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is NOV (NOV) earnings time?
NOV (NOV) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NOV EPS forecast?
NOV EPS forecast for the fiscal quarter 2026 (Q2) is 0.17.