The Q1 revenue holds steady but profitability is under severe pressure — watch for operating margin contraction and cost absorption issues in the final report. Given the magnitude of the Q4 EPS miss and lowered Q1 outlook, expect downward revisions to full-year estimates and cautious tone on capital allocation.
Price Chart
Executive Summary
NOV issued a preliminary update for Q1 2026, citing Middle East conflict disruptions that will reduce revenue and earnings below prior guidance. Expected revenue is $2.05 billion and Adjusted EBITDA is $177 million, significantly missing consensus expectations.
Key Financial Metrics
Key Facts
- Preliminary Q1 2026 revenue expected at $2.05 billion, below consensus of $2.05B (flat but at lower profitability)
- Adjusted EBITDA expected at $177 million, well below prior guidance and implied consensus trend
- CEO cites $54M revenue and $32M EBITDA impact from Middle East conflict due to delivery delays and higher freight costs
- Final results to be released April 27, 2026, with conference call on April 28
- Reported EPS of $-0.02 for Q4 2025 represents a 113.6% miss vs. $0.15 consensus
Financial Impact
Revenue in line with consensus but earnings sharply below trend; Q4 EPS miss of 113.6% and deteriorating EBITDA point to margin collapse
Risk Factors
- Final results could be worse than preliminary estimates due to ongoing conflict and logistical challenges
- Prolonged Middle East disruptions may lead to customer project delays and reduced equipment demand
- Further earnings misses and guidance cuts possible if conflict persists
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3274360 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 29, 2026 9w ago | 8-K | $19.06 $20.23 | ▲ +6.14% | ▲ +1.12% | $18.80 (−1.36%) |
Jul 28, 2026 9w ago | Press Release | $19.06 $20.23 | ▲ +6.14% | ▲ +1.12% | $18.80 (−1.36%) |
May 22, 2026 19w ago | 8-K | $20.81 $18.82 | ▼ −9.56% | ▼ −8.15% | $18.80 (−9.66%) |
May 21, 2026 19w ago | Press Release | $20.77 $18.63 | ▼ −10.31% | ▼ −10.64% | $18.80 (−9.47%) |
Apr 27, 2026 22w ago | Press Release | $20.29 $21.12 | ▼ −4.09% | ▲ +1.38% | $18.80 (+7.34%) |
Apr 15, 2026 24w ago | 8-K | $19.02 $20.54 | ▼ −7.99% | ▼ −1.95% | $18.80 (+1.16%) |
Apr 15, 2026 24w ago | Press Release | $19.02 $20.54 | ▼ −7.99% | ▼ −1.95% | $18.80 (+1.16%) |
Apr 9, 2026 25w ago | DEFA14A | $19.59 $20.18 | ▲ +3.01% | ▼ −4.56% | $18.80 (−4.03%) |
Mar 16, 2026 28w ago | Press Release | $18.66 $19.02 | ▲ +1.93% | ▼ −2.37% | $18.80 (+0.75%) |
US Market Status
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