How Investors Are Reacting To NOV (NOV) Earnings Miss, Lower Guidance and Leadership Moves

• In late October 2025, NOV Inc. reported third quarter earnings showing year-over-year declines in sales and net income, issued updated guidance for additional revenue contraction, announced the completion of a major share buyback tranche, and appointed President and Chief Operating Officer Jose Bayardo to its board of directors.
• This combination of leadership changes, significant capital returns, and downward revisions to near-term revenue expectations highlights NOV’s current efforts to balance operational adjustments with shareholder returns amid evolving market conditions.
• We’ll now explore how the disappointing profit results and lowered revenue guidance could reshape NOV’s previously anticipated growth and margin outlook.

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NOV Investment Narrative Recap

To own shares of NOV today, investors need confidence in a recovery for offshore and international oilfield activity, which is seen as the cornerstone for future revenue and margin growth. The latest earnings miss and lowered fourth-quarter revenue outlook materially raise the stakes for near-term profit stabilization, while intensifying concerns about sustained weakness in North American and international demand, a key risk as margins remain under pressure from volatile markets and cautious customer spending.

Among recent updates, NOV’s completed buyback of over 31 million shares stands out, returning more than US$459 million to shareholders. This sizable capital return is relevant in the face of mixed results and weaker guidance, suggesting the company is actively supporting its shareholder base while contending with significant short-term headwinds to profitability and growth.

In contrast, investors should be aware that customer pricing pressure and spending delays, especially across critical regional markets, remain a persistent challenge for...

Read the full narrative on NOV (it's free!)

NOV's narrative projects $9.0 billion revenue and $546.3 million earnings by 2028. This requires a 0.7% yearly revenue decline and a $75.3 million earnings increase from $471.0 million today.

Uncover how NOV's forecasts yield a $15.75 fair value, a 5% upside to its current price.

Exploring Other Perspectives

Six unique fair value estimates from the Simply Wall St Community range between US$15.75 and US$27.88 per share. With margin compression and order volatility still in focus, these differing views highlight why understanding all sides matters when assessing NOV’s future prospects.

Explore 6 other fair value estimates on NOV - why the stock might be worth as much as 86% more than the current price!

Build Your Own NOV Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your NOV research is our analysis highlighting 3 key rewards and 2 important warning signs that could impact your investment decision.
• Our free NOV research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate NOV's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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