NOV INC. (NOV) FY2026 Q2 P&L / Income Statement

NOV INC. (NOV) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

2,134,000,000 US dollars

Cost of revenue

1,613,000,000 US dollars

Gross profit

521,000,000 US dollars

Operating expenses (calculated)

328,000,000 US dollars

Operating profit

193,000,000 US dollars

Other income (expense), net (calculated)

negative 36,000,000 US dollars

Net income before income taxes

157,000,000 US dollars

Provision for income taxes

41,000,000 US dollars

Net income

116,000,000 US dollars

Energy Equipment

1,218,000,000 US dollars

Energy Products and Services

974,000,000 US dollars

Selling, general and administrative

328,000,000 US dollars

Revenue before reconciliation (calculated)

2,192,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.

Eliminations and Corporate Costs

negative 58,000,000 US dollars. Reported reconciliation to consolidated revenue.

Energy Equipment costs (calculated)

1,041,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Energy Products and Services costs (calculated)

889,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Reconciling items (calculated)

11,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
• Of which attributable to NOV INC.: $112.00 M; to noncontrolling interests: $4.00 M.