NOV Reports Q2 GAAP EPS of $0.31, Exceeding Estimates
National Oilwell Varco (NYSE: NOV) reported second-quarter earnings per share (GAAP) of $0.31, surpassing estimates by $0.15. Revenue for the quarter reached $2.13 billion, which beat expectations by $50 million but declined 2.7% year-over-year. Management provided guidance for Q3 2026, forecasting consolidated revenues to remain flat or increase up to 2%, with Adjusted EBITDA projected between $240 million and $270 million. The company's shares rose by 3.4% after hours following the earnings report. Analysts suggest that despite current dim earnings expectations, robust backlog execution could drive performance improvements in 2026.
Tickers: $NOV
Topics: Earnings Energy Sector