Filing Flows › NOV (NOV) › Q2 2026
NOV (NOV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 29, 2026
NOV (NOV) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), -2% from a year earlier and +4% from the quarter before. Operating margin was 9.0%, net earnings $112M (5.2% of revenue).
NOV, Q2 2026: revenue $2.1B (-2% year over year), operating margin 9.0%, net earnings $112M, operating cash flow $17.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +4% | -2% |
| Gross profit | $521M | +37% | +17% |
| Operating profit | $193M | +311% | +35% |
| Net earnings | $112M | +489% | +4% |
| Operating cash flow | $17.0M | — | -91% |
What changed
Revenue was $2.1B in Q2 2026, down 2% year over year and up 4% from the previous quarter.
Gross margin was 24.4%, up 4.0 points from Q2 2025. Operating profit was $0.19B, a 9.0% margin (up 2.5 points year over year). Operating expenses grew 8% against a revenue fall of 2%. Net earnings were $0.11B, up 4% year over year. The effective tax rate was 26.1%.
Operating cash flow was $0.02B (down 91% year over year), 15% of net income including minority interests. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.21B. Capital expenditures of $0.08B exceeded it, leaving free cash flow of −$0.06B.
Questions
What was NOV's revenue in the second quarter 2026?
NOV (NOV) reported revenue of $2.1B for the second quarter 2026 (Q2 2026), -2% from a year earlier and +4% from the quarter before.
Was NOV profitable in the second quarter 2026?
Operating profit was $193M (9.0% of revenue) and net earnings $112M.
Source: NOV 10-Q on SEC EDGAR.