Filing Flows › NOV (NOV) › Gross margin
NOV (NOV) gross margin by quarter
NOV's gross margin was 19.7% in Q3 2026 (third quarter 2026), -4.7 pts from Q2 2026. Over the last 6 quarters it ranged from 18.5% (Q1 2026) to 24.4% (Q2 2026).
| Quarter | Gross margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 19.7% | -4.7 pts | +0.8 pts |
| Q2 2026 | 24.4% | +5.9 pts | +4.0 pts |
| Q1 2026 | 18.5% | -0.5 pts | -2.8 pts |
| Q3 2025 | 18.9% | -1.5 pts | — |
| Q2 2025 | 20.4% | -0.9 pts | — |
| Q1 2025 | 21.3% | — | — |
Q3 2026 at a glance
NOV, Q3 2026: revenue $2.2B (+2% year over year), operating margin 6.4%, net earnings $90.0M, operating cash flow $41.0M. The chart follows the revenue to costs, profit and cash.
Questions
What is NOV's gross margin?
NOV's gross margin was 19.7% in Q3 2026 (third quarter 2026), -4.7 pts from Q2 2026.
How has NOV's gross margin changed?
Over the last 6 quarters it ranged from 18.5% (Q1 2026) to 24.4% (Q2 2026).