NOV Inc. (NOV)

The company now

NOV Inc. reported third-quarter 2026 revenue of $2.23 billion on October 27, up 2% from a year earlier 1. Net income was $90 million, or $0.25 per share 1.

Chairman and chief executive Jose Bayardo tied the growth to customers in the Middle East and to factories ramping against a growing backlog of capital equipment orders 1. He also said the company expects Middle East activity to moderate in the fourth quarter as certain customers adjust their drilling programs 1.

For the fourth quarter, management expects revenue roughly flat from a year earlier and adjusted EBITDA (operating profit before depreciation, amortization and some one-time items) of $260 million to $300 million 13. The third quarter's adjusted EBITDA was $281 million 1.

The open question is orders, as new bookings of $577 million were 91% of the $632 million shipped from backlog, while the capital equipment backlog fell to $3.98 billion from $4.56 billion a year earlier 12. Free cash flow was a use of $47 million because the Middle East conflict delayed milestone billings, according to the call transcript 6.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.