NYSE:NOVEnergy Services
Will NOV's (NOV) Earnings Lift and Buybacks Offset Flat Sales in Its Investment Narrative?
NOV Inc. has reported its second-quarter 2026 results, with revenue of US$2,134 million versus US$2,188 million a year earlier, net income of US$112 million versus US$108 million, and has guided third-quarter consolidated revenue to be flat to up 2% year over year.
Alongside slightly lower sales, NOV grew quarterly earnings per share and continued executing its buyback, retiring 3,200,000 shares for US$63 million in the latest tranche.
Next, we'll examine how NOV's combination of modest...