Equity Profile

NOV

NOV Inc.

EnergyOil & Gas Equipment & Services$6.9B

Jul28Tue

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

NOV Inc. operates in the energy sector, focusing on oil and gas equipment and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of profitability and will help investors gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and capture market share, which is vital in the competitive energy sector.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

NOV Q2-2026 Earnings Preview

Context

Company Snapshot

NOV Inc. operates in the energy sector, focusing on oil and gas equipment and services. As a key player in this industry, its performance is closely tied to global energy demand and oil prices, making it an important company to watch in the current economic climate.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-33.61%

Avg Stock Reaction

+1.30%

Last Quarter Recap

In Q1-2026, NOV reported an EPS of $0.05, significantly missing the estimate of $0.17, resulting in a 70.76% negative surprise. The stock reacted positively, gaining 1.56% the following day despite the disappointing earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as NOV continues to navigate a challenging energy market. Investors are looking for signs of recovery in profitability and revenue growth.

Bull Case

If NOV can demonstrate improved operational efficiency and capitalize on rising oil prices, it could see a significant rebound in earnings, leading to a strong stock performance.

Bear Case

Conversely, if the company fails to meet even modest expectations again, it could further erode investor confidence, leading to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to analyst expectations?

Given the significant misses in previous quarters, the market will closely scrutinize EPS to assess whether the company is on a recovery path.

What is the outlook for revenue growth in the upcoming quarters?

Revenue growth is critical for investor confidence, especially after recent disappointing results, and will indicate the company's ability to adapt to market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a recovery in oil prices and NOV's ability to capitalize on this trend, which could lead to better-than-expected earnings.

Supporting Evidence

Historical patterns show that NOV has had strong rebounds after previous earnings misses.

The options market is pricing a significant move, indicating that traders expect volatility, which could favor a positive surprise.

Key Risk

If oil prices rise significantly leading up to the earnings report, it could boost revenues unexpectedly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NOV can turn around its recent performance and show signs of growth amidst a challenging energy landscape.

Bull Confirmed If

A positive EPS of $0.20 or higher would indicate a strong recovery and boost investor confidence.

Bear Confirmed If

An EPS below $0.05 would suggest ongoing struggles and could lead to further declines in stock price.

Pre-Earnings Positioning

Options Market

Implied Move

±14.96%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings announcement.

Options are pricing ±15.0% while NOV has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

32.8%

Calls (14K)P/C Ratio: 0.01Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NOV beats expectations and raises guidance, history suggests the stock could rise by an average of 2.17%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors await clearer signals.

Miss

A miss on EPS could lead to a decline of about 1.02% in the stock price, as investor confidence may wane further.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost-cutting measures and their impact on profitability.
2Insights into demand trends for oil and gas equipment in the current market.
3Management's commentary on future capital expenditures and investments.
4Details on customer contracts or partnerships that could influence revenue.
5Any changes in guidance for the remainder of the fiscal year.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

NOV Inc. operates in the energy sector, focusing on oil and gas equipment and services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a crucial indicator of profitability and will help investors gauge the company's financial health this quarter.

N/A

Revenue Growth

Revenue growth reflects the company's ability to increase sales and capture market share, which is vital in the competitive energy sector.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

NOV Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

25%

Avg EPS Surprise

-33.61%

Avg Stock Reaction

+1.30%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as NOV continues to navigate a challenging energy market. Investors are looking for signs of recovery in profitability and revenue growth.

Bull Case

If NOV can demonstrate improved operational efficiency and capitalize on rising oil prices, it could see a significant rebound in earnings, leading to a strong stock performance.

Bear Case

Conversely, if the company fails to meet even modest expectations again, it could further erode investor confidence, leading to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to analyst expectations?

Given the significant misses in previous quarters, the market will closely scrutinize EPS to assess whether the company is on a recovery path.

What is the outlook for revenue growth in the upcoming quarters?

Revenue growth is critical for investor confidence, especially after recent disappointing results, and will indicate the company's ability to adapt to market conditions.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for a recovery in oil prices and NOV's ability to capitalize on this trend, which could lead to better-than-expected earnings.

Supporting Evidence

Historical patterns show that NOV has had strong rebounds after previous earnings misses.

The options market is pricing a significant move, indicating that traders expect volatility, which could favor a positive surprise.

Key Risk

If oil prices rise significantly leading up to the earnings report, it could boost revenues unexpectedly.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether NOV can turn around its recent performance and show signs of growth amidst a challenging energy landscape.

Bull Confirmed If

A positive EPS of $0.20 or higher would indicate a strong recovery and boost investor confidence.

Bear Confirmed If

An EPS below $0.05 would suggest ongoing struggles and could lead to further declines in stock price.

Pre-Earnings Positioning

Options Market

Implied Move

±14.96%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant move, suggesting that traders anticipate volatility around the earnings announcement.

Options are pricing ±15.0% while NOV has averaged ±1.5% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

32.8%

Calls (14K)P/C Ratio: 0.01Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NOV beats expectations and raises guidance, history suggests the stock could rise by an average of 2.17%, confirming a positive turnaround.

In-Line / Cautious

If results are in line with expectations but lack strong guidance, the stock may see muted movement as investors await clearer signals.

Miss

A miss on EPS could lead to a decline of about 1.02% in the stock price, as investor confidence may wane further.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost-cutting measures and their impact on profitability.
2Insights into demand trends for oil and gas equipment in the current market.
3Management's commentary on future capital expenditures and investments.
4Details on customer contracts or partnerships that could influence revenue.
5Any changes in guidance for the remainder of the fiscal year.