Filing Flows › Noble (NE) › Q2 2026
Noble (NE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
Noble (NE) reported revenue of $720M for the second quarter 2026 (Q2 2026), -15% from a year earlier and -8% from the quarter before. Operating margin was 4.2%, net loss $36.7M (5.1% of revenue).
Noble, Q2 2026: revenue $720M (-15% year over year), operating margin 4.2%, net loss $36.7M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $720M | -8% | -15% |
| Operating profit | $30.5M | -86% | -77% |
| Net earnings | −$36.7M | -130% | -186% |
| Operating cash flow | $144M | -47% | -33% |
What changed
Revenue was $719.7M in Q2 2026, down 15% year over year and down 8% from the previous quarter. Floaters was the largest line at 77% of revenue. Floaters lost $133.4M year over year (down 19%), 103% of the total change.
Operating profit was $30.5M, a 4.2% margin (down 11.7 points year over year). Total costs fell 3% while revenue fell 15%. The quarter ended with a net loss of $36.7M, after a profit of $120.7M the previous quarter. Net interest and other expense of $50.9M was the main reason.
Operating cash flow was $144.2M (down 33% year over year). Non-cash charges added back $10.7M of share-based compensation. Working capital and other items added $170.1M. Capital expenditures of $204.5M exceeded it, leaving free cash flow of −$60.4M.
Questions
What was Noble's revenue in the second quarter 2026?
Noble (NE) reported revenue of $720M for the second quarter 2026 (Q2 2026), -15% from a year earlier and -8% from the quarter before.
Was Noble profitable in the second quarter 2026?
Operating profit was $30.5M (4.2% of revenue) and net loss $36.7M.
Source: Noble 10-Q on SEC EDGAR.