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, specifically focusing on oil and gas equipment and services....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a critical measure of a company's profitability and will indicate how well NOV is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, which is essential in the competitive energy sector.

N/A

1 more metrics, 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, specifically focusing on oil and gas equipment and services. As a key player in this industry, the company's performance is closely tied to global energy demand and oil prices, making it significant for investors tracking energy trends.

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, which raised concerns about its profitability. The stock reacted positively the next day, gaining 1.56%, suggesting some investor optimism despite the miss.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are cautious ahead of NOV's upcoming earnings, given the company's recent history of missing EPS estimates. Investors are looking for signs of recovery in profitability and revenue growth.

Bull Case

If NOV can exceed expectations on EPS and show strong revenue growth, it could signal a turnaround in its financial performance, leading to increased investor confidence.

Bear Case

Conversely, if the company continues to miss earnings estimates and fails to provide a clear path to recovery, it could lead to further declines in stock price and investor sentiment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the significant misses in previous quarters, the EPS figure will be crucial for assessing whether NOV is on a recovery path.

How does NOV plan to improve revenue growth moving forward?

Investors will be keen to hear about strategies for driving revenue growth, as this will indicate the company's ability to compete effectively in the energy sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about NOV's recovery potential, underestimating the company's ability to adapt to changing market conditions.

Supporting Evidence

Despite recent misses, NOV's stock has shown resilience with positive reactions following earnings.

The options market is pricing in a significant move, indicating that investors are anticipating a potential surprise.

Historical patterns suggest that stocks often rebound after a series of misses, particularly in volatile sectors like energy.

Key Risk

If NOV can report an EPS above $0.20, it could significantly shift market sentiment and challenge the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether NOV can turn around its recent poor earnings performance and demonstrate a clear path to growth.

Bull Confirmed If

An EPS of $0.20 or better would confirm the bull case, indicating a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.05 would confirm the bear case, suggesting continued struggles in financial performance.

Pre-Earnings Positioning

Options Market

Implied Move

±14.96%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant potential move following the earnings report, indicating heightened uncertainty among investors.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Energy

n=30

Fade rate: 17 of 29 (59%)

This setup has occurred 30 times across Energy in the last 2 years. 17 of 29 faded and 12 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 3.5%, with a raw directional average of -0.0% (roughly flat historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NOV beats expectations, history suggests the stock could rise by around 2.17%, confirming a positive turnaround narrative.

In-Line / Cautious

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

Miss

A miss could lead to a decline of about 1.02%, reinforcing concerns about the company's ongoing challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Details on new contracts or projects that could drive revenue growth.
3Management's outlook on oil and gas market trends and how they plan to navigate them.
4Insights into operational efficiencies that could improve margins.
5Any commentary on competitive positioning within the energy sector.

See the full picture

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

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul27

DYNBMO

Dyne Therapeutics, Inc.

PreviewView

Jul27

ARLPBMO

Company Snapshot

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

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a critical measure of a company's profitability and will indicate how well NOV is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, which is essential in the competitive energy sector.

N/A

1 more metrics, 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

Analysts are cautious ahead of NOV's upcoming earnings, given the company's recent history of missing EPS estimates. Investors are looking for signs of recovery in profitability and revenue growth.

Bull Case

If NOV can exceed expectations on EPS and show strong revenue growth, it could signal a turnaround in its financial performance, leading to increased investor confidence.

Bear Case

Conversely, if the company continues to miss earnings estimates and fails to provide a clear path to recovery, it could lead to further declines in stock price and investor sentiment.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026?

Given the significant misses in previous quarters, the EPS figure will be crucial for assessing whether NOV is on a recovery path.

How does NOV plan to improve revenue growth moving forward?

Investors will be keen to hear about strategies for driving revenue growth, as this will indicate the company's ability to compete effectively in the energy sector.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be overly pessimistic about NOV's recovery potential, underestimating the company's ability to adapt to changing market conditions.

Supporting Evidence

Despite recent misses, NOV's stock has shown resilience with positive reactions following earnings.

The options market is pricing in a significant move, indicating that investors are anticipating a potential surprise.

Historical patterns suggest that stocks often rebound after a series of misses, particularly in volatile sectors like energy.

Key Risk

If NOV can report an EPS above $0.20, it could significantly shift market sentiment and challenge the current bearish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around whether NOV can turn around its recent poor earnings performance and demonstrate a clear path to growth.

Bull Confirmed If

An EPS of $0.20 or better would confirm the bull case, indicating a strong recovery in profitability.

Bear Confirmed If

An EPS below $0.05 would confirm the bear case, suggesting continued struggles in financial performance.

Pre-Earnings Positioning

Options Market

Implied Move

±14.96%

Historical Avg

±1.5%

Pricing rich

The options market is pricing in a significant potential move following the earnings report, indicating heightened uncertainty among investors.

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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter miss + options pricing rich in Energy

n=30

Fade rate: 17 of 29 (59%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NOV beats expectations, history suggests the stock could rise by around 2.17%, confirming a positive turnaround narrative.

In-Line / Cautious

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

Miss

A miss could lead to a decline of about 1.02%, reinforcing concerns about the company's ongoing challenges.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on cost management strategies and their impact on profitability.
2Details on new contracts or projects that could drive revenue growth.
3Management's outlook on oil and gas market trends and how they plan to navigate them.
4Insights into operational efficiencies that could improve margins.
5Any commentary on competitive positioning within the energy sector.