Filing Flows › NOV (NOV) › Q2 2026 › vs Q1 2026
NOV (NOV) Q2 2026 vs Q1 2026 (quarter over quarter)
NOV's revenue rose $82.0M (+4%) from $2.1B in Q1 2026 to $2.1B in Q2 2026. Gross margin 24.4% against 18.5% (+5.9 pts).
NOV, Q2 2026: revenue $2.1B (-2% year over year), operating margin 9.0%, net earnings $112M, operating cash flow $17.0M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.4% | 18.5% | +5.9 pts |
| Operating margin | 9.0% | 2.3% | +6.8 pts |
| Net margin | 5.2% | 0.9% | +4.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.1B | $2.1B | $82.0M | +4% |
| Gross profit | $521M | $379M | $142M | +37% |
| Cost of revenue | $1.6B | $1.7B | −$60.0M | -4% |
| Operating profit | $193M | $47.0M | $146M | +311% |
| Operating expenses | $328M | $332M | −$4.0M | -1% |
| Pre-tax earnings | $157M | $35.0M | $122M | +349% |
| Other expense, net | $36.0M | $12.0M | $24.0M | +200% |
| Net earnings | $112M | $19.0M | $93.0M | +489% |
| Minority interests | $4.0M | $1.0M | $3.0M | +300% |
| Income tax | $41.0M | $15.0M | $26.0M | +173% |
| Operating cash sources | $220M | $137M | $83.0M | +61% |
| Depreciation & amortization | $93.0M | $92.0M | $1.0M | +1% |
| Share-based compensation | $15.0M | $26.0M | −$11.0M | -42% |
| Working capital & other | $203M | $163M | $40.0M | +25% |
| Operating cash flow | $17.0M | −$26.0M | $43.0M | — |
| Capital expenditures | $81.0M | $65.0M | $16.0M | +25% |
| Negative free cash flow (OCF − capex) | $64.0M | $91.0M | −$27.0M | -30% |
Questions
How much did NOV's revenue grow quarter over quarter in Q2 2026?
NOV's revenue rose $82.0M (+4%) from $2.1B in Q1 2026 to $2.1B in Q2 2026. Gross margin 24.4% against 18.5% (+5.9 pts).