Filing Flows › NOV (NOV) › Q1 2026
NOV (NOV) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
NOV (NOV) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), -2% from a year earlier and -10% from the quarter before. Operating margin was 2.3%, net earnings $19.0M (0.9% of revenue).
NOV, Q1 2026: revenue $2.1B (-2% year over year), operating margin 2.3%, net earnings $19.0M, operating cash flow −$26.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -10% | -2% |
| Gross profit | $379M | -18% | -15% |
| Operating profit | $47.0M | -49% | -69% |
| Net earnings | $19.0M | — | -74% |
| Operating cash flow | −$26.0M | -105% | -119% |
What changed
Revenue was $2.1B in Q1 2026, down 2% year over year and down 10% from the previous quarter.
Gross margin was 18.5%, down 2.8 points from Q1 2025. Operating profit was $0.05B, a 2.3% margin (down 4.9 points year over year). Operating expenses grew 13% against a revenue fall of 2%. Net earnings were $0.02B, down 74% year over year. The effective tax rate was 42.9%.
Operating cash flow was −$0.03B. Non-cash charges added back $0.09B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.16B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.09B.
Questions
What was NOV's revenue in the first quarter 2026?
NOV (NOV) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), -2% from a year earlier and -10% from the quarter before.
Was NOV profitable in the first quarter 2026?
Operating profit was $47.0M (2.3% of revenue) and net earnings $19.0M.
Source: NOV 10-Q on SEC EDGAR.