NOV Inc. — Third Quarter 2026 Earnings Summary

NOV Inc. reported third-quarter 2026 revenues of $2.23 billion, representing a 4% sequential increase and a 2% year-over-year rise. Net income for the quarter reached $90 million, or $0.25 per diluted share, while Adjusted EBITDA increased to $281 million, up $23 million from the prior year. The company booked $577 million in new orders, resulting in a book-to-bill ratio of 91%, with a backlog of $3.98 billion in capital equipment orders as of September 30, 2026. Management expects fourth-quarter 2026 consolidated revenues to remain roughly flat year-over-year, with Adjusted EBITDA projected between $260 million and $300 million.