NOV Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 28, 2026, reporting third-quarter revenue of $2,226 million and net income attributable to the company of $90 million.

Key Highlights

  • Revenue: $2,226 million for the three months ended September 30, 2026, compared with $2,176 million in the same period of 2025, according to the filing.
  • Net income attributable to Company: $90 million for Q3 2026, up from $42 million in Q3 2025, as reported.
  • Diluted EPS: $0.25 per share for the three months ended September 30, 2026, versus $0.11 in the prior-year quarter.
  • Operating cash flow: $32 million for the nine months ended September 30, 2026, compared with $678 million for the same period in 2025.
  • Share repurchases: $145 million in share repurchases during the nine months ended September 30, 2026, reducing shares outstanding from 360,803,354 at December 31, 2025 to 356,512,491 at September 30, 2026.
  • Cash and cash equivalents: $1,058 million at September 30, 2026, down from $1,552 million at December 31, 2025.
  • Cash dividends per share: $0.09 per share declared in Q3 2026, compared with $0.075 in Q3 2025.

NOV Inc. Third-Quarter 2026 Financial Results and Balance Sheet Overview

According to the filing, NOV Inc. (NYSE:NOV) reported revenue of $2,226 million for the three months ended September 30, 2026, an increase from $2,176 million in the corresponding quarter of 2025. Gross profit for the quarter was $439 million, compared with $412 million a year earlier. Selling, general and administrative expenses were $297 million for Q3 2026, down from $305 million in Q3 2025. Operating profit reached $142 million for the quarter, versus $107 million in Q3 2025, the company disclosed.

For the nine months ended September 30, 2026, the filing reported revenue of $6,412 million and net income attributable to the company of $221 million, compared with $6,467 million in revenue and $223 million in net income attributable to the company for the same period in 2025. The provision for income taxes for the nine-month period was $84 million in 2026 versus $77 million in 2025. Depreciation and amortization for the nine months ended September 30, 2026 was $278 million, up from $265 million in the prior-year period, according to the filing.

The consolidated balance sheet as of September 30, 2026 reflected total assets of $11,224 million and total liabilities of $4,916 million, the registrant reported. Long-term debt stood at $1,694 million, and total stockholders' equity was $6,308 million. Operating cash flow for the nine months ended September 30, 2026 was $32 million, a significant decrease from $678 million in the same period of 2025, driven in part by changes in working capital including a $205 million increase in inventories and a $140 million increase in contract assets, as disclosed in the cash flow statement. Capital expenditures for property, plant and equipment were $234 million for the nine-month period, compared with $274 million in 2025.

What Was Disclosed

NOV Inc. disclosed its unaudited consolidated financial statements for the quarter and nine months ended September 30, 2026, covering income, cash flows, balance sheet positions, and stockholders' equity activity, including share repurchases, dividends, and stock-based compensation.