NOV Inc. NOV

NOV Inc. reported $2.05B of revenue for the three months to 31 March 2026 and turned that into $19.0M of net income attributable to the parent, or diluted earnings of $0.05 per share, according to its 10-Q filed via SEC EDGAR. Operating income for the period was $47.0M. The gap between a multi-billion-dollar top line and a high-single-digit-million bottom line is the central fact of the quarter.

NOV is an oilfield equipment and technology company: it makes and services the heavy hardware drillers use, from drill pipe and rig systems to downhole tools and the parts that keep them turning. That is a capital-intensive, cyclical business, which is why a single quarter carries large inventory balances and meaningful warranty commitments. Inventory net stood at $1.87B at period end, and the standard product warranty accrual issued was $29.0M, recorded against the 10-K for the year ending 31 December 2025.

The cash picture diverged from the profit picture. Net cash used in operating activities was $26.0M for the quarter, while payments to acquire property, plant and equipment were $65.0M, and inventories increased by $91.0M. The balance sheet shows $11.14B of assets, $4.88B of liabilities, $6.21B of stockholders' equity attributable to the parent, and $1.34B of cash and cash equivalents (all 10-Q, period ending 31 March 2026). Weighted average diluted shares outstanding were 364.0M.

On the corporate-event rail, NOV's 8-K dated 28 April 2026 confirms it issued a press release on 27 April 2026 announcing first-quarter results, with accompanying presentation materials posted to www.nov.com. A further 8-K dated 22 May 2026 records that stockholders voted on and approved the matters put to the annual meeting held on 20 May 2026. A Form SD filed 29 May 2026 covers conflict minerals disclosure. Several Form 4 insider filings were lodged on 22 May 2026.

This file does not include a chart route, price levels, segment-level detail, guidance figures, or dividend and buyback amounts, so none are asserted here. What the supplied evidence proves is a large, profitable-on-paper but cash-consuming quarter for a heavy-equipment supplier, alongside routine governance and disclosure filings. What would deepen the file next is segment revenue and order intake, the actual contents of the 27 April earnings release and presentation, and a subsequent quarter showing whether operating cash flow turns positive as inventory converts to deliveries.