NOV stock heads toward October 27 results after a Q2 earnings beat

Published on 10/07/2026 at 03:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NOV stock delivered adjusted EPS of USD 0.31 in Q2 2026, above the USD 0.16 consensus. Revenue reached USD 2.13 billion, down 2.5 percent year over year.

NOV, US62955J1034, Illustration mit AI erstellt.

NOV (ISIN US62955J1034) closed at USD 19.00 on the NYSE on October 6, down 2.61 percent from the prior session. The company is approaching its Q3 2026 results, scheduled for October 27, with a conference call on October 28, according to NOV.

Q2 beat meets softer revenue

NOV reported adjusted earnings per share of USD 0.31 for Q2 2026, exceeding the USD 0.16 consensus estimate, according to Zacks. The adjusted result was 6.9 percent above the year-earlier figure of USD 0.29, giving the upcoming report a demanding comparison base.

Q2 revenue was USD 2.13 billion, beating the USD 2.08 billion consensus but declining 2.5 percent from the year-earlier quarter, Zacks reported. The contrast matters because profit outperformance came alongside weaker top-line momentum.

Q3 guidance sets the next test

NOV expects Q3 consolidated revenue to increase by up to 2 percent year over year, while adjusted EBITDA is projected at USD 240 million to USD 270 million, according to Zacks. The range gives investors a concrete benchmark for the October release, especially after Energy Products and Services revenue fell 5 percent year over year in Q2.

NOV's Energy Equipment segment generated USD 1.22 billion in Q2 revenue, up 1 percent year over year, while adjusted EBITDA increased to USD 200 million from USD 158 million, according to Zacks. That segment improvement offsets part of the pressure in the broader revenue line, but the Q3 numbers will show whether the mix can continue to support earnings.

Hold consensus leaves limited margin

MarketBeat reports a Hold consensus from 16 analysts, including nine Hold, five Buy and two Sell ratings, with an average 12-month target of USD 21.31, a low of USD 17.00 and a high of USD 26.00. The average target lies 12.16 percent above the October 6 closing price of USD 19.00.

Recent target actions remain mixed. Yahoo Finance lists Citigroup as maintaining a Neutral rating while lowering its target from USD 22 to USD 21 on September 30, placing the bank below the broader consensus target, according to Yahoo Finance.

Stock remains below its yearly high

NOV closed at USD 19.00 on October 6, down 2.61 percent on the NYSE, while its 52-week range stood at USD 12.29 to USD 21.93. The closing price was 13.36 percent below the yearly high, and the USD 6.8 billion market capitalization leaves the October earnings dates as the next company-specific checkpoints.