The financials
NOV Inc. by the numbers
NOV Inc. (NOV) reported revenue of $2.05B in Q1 2026 (quarter ended Mar 31, 2026), down 2.4% from the same quarter a year earlier. That came with a gross margin of 18% and net income of $19M (0.9% of revenue). For the full year FY2025, revenue was $8.74B (−1.4% year on year) and net income $145M. Its largest region in Jun 2026 was International at $985M, 41% of the disclosed total, ahead of Offshore Destination at 33%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $2.05B | $2.10B | −2.4% |
| Gross profit | $379M | $447M | −15% |
| Operating income | $47M | $152M | −69% |
| Net income | $19M | $73M | −74% |
| Diluted EPS | $0.05 | $0.19 | −74% |
| Geographic | Revenue | Share |
|---|---|---|
| International | $985M | 41% |
| Offshore Destination | $801M | 33% |
| Land Destination | $397M | 17% |
| North America | $213M | 8.9% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Jun 2026Total $2.40B (+37%)
International grew +7.2% year on yearNorth America -21% year on year
Segment Latestquarter on quarteryear on year
- International$985.0M$985.0MQoQ +177%year on year +7.2%+177%+7.2%
- Offshore Destination$801.0M$801.0MQoQ +301%year on year +3.8%+301%+3.8%
- Land Destination$397.0M$397.0MQoQ -41%year on year -5.0%-41%-5.0%
- North America$213.0M$213.0MQoQ -59%year on year -21%-59%-21%
Oil & Gas Equipment & Services
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