NOV stock beats quarterly EPS consensus by USD 0.14

Published on 09/29/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NOV stock beat the Q2 2026 EPS consensus by USD 0.14 on July 28, 2026. The next results arrive after the October 27, 2026 close.

NOV, US67000B1040, Illustration mit AI erstellt.

NOV stock (ISIN US67000B1040) delivered quarterly earnings per share of USD 0.31 for Q2 2026, exceeding the USD 0.17 consensus estimate by USD 0.14. The result gives investors a clearer test of profitability as the energy equipment supplier approaches its next reporting date.

EPS beat masks softer revenue

According to MarketBeat, NOV reported USD 2.13 billion in Q2 2026 revenue against a USD 2.08 billion consensus estimate. The USD 50.00 million revenue beat contrasts with a 2.50 percent year-over-year decline, showing that the earnings improvement did not come from top-line expansion.

The same Q2 2026 report put net margin at 1.10 percent and return on equity at 3.44 percent. For investors, the combination of a USD 0.14 EPS beat and declining revenue makes margin execution more important than the headline sales figure.

Analyst target points above last close

MarketBeat reports a Hold consensus based on 16 analyst ratings, with five Buy, nine Hold and two Sell recommendations. The average 12-month target is USD 21.31, versus the USD 19.46 closing price on September 28, 2026, implying 9.52 percent upside in the published consensus.

The target range runs from USD 17.00 to USD 26.00. That spread highlights the uncertainty around a cyclical energy equipment business even after the quarterly earnings beat.

Next results arrive in October

According to GlobeNewswire, NOV plans to issue its Q3 2026 results after the market closes on October 27, 2026, followed by a conference call on October 28, 2026. The release date is the next concrete checkpoint for whether the Q2 margin performance can continue.

Market value remains below yearly high

NOV had a market capitalization of USD 7.0 billion as of September 28, 2026. Its 52-week range was USD 12.29 to USD 21.93, placing the latest USD 19.46 close USD 2.47 below the yearly high and USD 7.17 above the low.