Filing Flows › NOV (NOV) › Q3 2026 › vs Q2 2026
NOV (NOV) Q3 2026 vs Q2 2026 (quarter over quarter)
NOV's revenue rose $92.0M (+4%) from $2.1B in Q2 2026 to $2.2B in Q3 2026. Gross margin 19.7% against 24.4% (-4.7 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 19.7% | 24.4% | -4.7 pts |
| Operating margin | 6.4% | 9.0% | -2.7 pts |
| Net margin | 4.0% | 5.2% | -1.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.2B | $2.1B | $92.0M | +4% |
| Gross profit | $439M | $521M | −$82.0M | -16% |
| Cost of revenue | $1.8B | $1.6B | $174M | +11% |
| Operating profit | $142M | $193M | −$51.0M | -26% |
| Operating expenses | $297M | $328M | −$31.0M | -9% |
| Pre-tax earnings | $123M | $157M | −$34.0M | -22% |
| Other expense, net | $19.0M | $36.0M | −$17.0M | -47% |
| Net earnings | $90.0M | $112M | −$22.0M | -20% |
| Minority interests | $5.0M | $4.0M | $1.0M | +25% |
| Income tax | $28.0M | $41.0M | −$13.0M | -32% |
| Operating cash sources | $197M | $220M | −$23.0M | -10% |
| Depreciation & amortization | $93.0M | $93.0M | $0 | 0% |
| Share-based compensation | $14.0M | $15.0M | −$1.0M | -7% |
| Working capital & other | $156M | $203M | −$47.0M | -23% |
| Operating cash flow | $41.0M | $17.0M | $24.0M | +141% |
| Capital expenditures | $88.0M | $81.0M | $7.0M | +9% |
| Negative free cash flow (OCF − capex) | $47.0M | $64.0M | −$17.0M | -27% |
Questions
How much did NOV's revenue grow quarter over quarter in Q3 2026?
NOV's revenue rose $92.0M (+4%) from $2.1B in Q2 2026 to $2.2B in Q3 2026. Gross margin 19.7% against 24.4% (-4.7 pts).