NOV Inc. (NOV) Q1 2026 Earnings Call Transcript
NOV Inc. reported Q1 2026 revenue of $2.05 billion, a 2.43% year-over-year decline but $3.18 million above estimates, while EPS of $0.11 missed expectations by $0.04. The company posted a net income of $19 million, or $0.05 per diluted share. CEO Jose Bayardo highlighted resilience in drilling and completion systems amid mixed market conditions. The results reflect ongoing cost management and stable operational performance in key segments.
- ▪NOV Inc. reported Q1 2026 revenue of $2.05 billion, down 2.43% year-over-year but beating forecasts by $3.18 million.
- ▪GAAP net income was $19 million, or $0.05 per fully diluted share, while adjusted EPS was $0.11, missing estimates by $0.04.
- ▪The company cited stable demand in drilling and completion systems despite challenging energy market conditions.
- ▪Management emphasized cost discipline and operational efficiency as key drivers of financial performance.
- ▪Forward-looking statements were made, with risks noted related to energy markets, commodity prices, and global demand.
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