NOV PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

NOV ▲ +7.99% at T+20d

SHORT call ✗ call lost -7.99% · α vs SPY -1.95% · entry $19.02 → $20.54

Next anchor: T+60d in 7w

Last close $20.81 (close May 22) · -9.41% from $19.02 entry (call sign-flipped)

Entry anchored
Apr 14, 03:59 PM ET
via Databento tick

T+1d

+0.84%

call -0.84% · α -0.59%

$19.18

settled 5w ago

T+5d

+3.94%

call -3.94% · α -2.30%

$19.77

settled 5w ago

T+20d

+7.99%

call -7.99% · α -1.95%

$20.54

settled 11d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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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.

Actionable Insight

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.

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

revenueepsebitdaoperating_margin

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

Exchange

NYSE

Sector

Oil & Gas Field Machinery & Equipment

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3274360

7 reports for NOV

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for NOV — sortable, filterable
	Type				Now
May 22, 2026 1d ago	8-K NEUTRAL ★ 3/10	$20.77 awaiting T+5	awaiting T+5	—	$20.81 (+0.19%)
May 21, 2026 2d ago	Press Release NEUTRAL ★ 2/10	—	awaiting T+5	—	—
Apr 27, 2026 26d ago	Press Release BEARISH ★ 7/10	$20.29 $19.95	▲ +1.68%	▲ +3.37%	$20.81 (−2.56%)
Apr 15, 2026 5w ago	8-K BEARISH ★ 7/10	$19.02 $19.77	▼ −3.94%	▼ −2.30%	$20.81 (−9.41%)
Apr 15, 2026 5w ago	Press Release BEARISH ★ 8/10	$19.02 $19.77	▼ −3.94%	▼ −2.30%	$20.81 (−9.41%)
Apr 9, 2026 6w ago	DEFA14A NEUTRAL ★ 3/10	$19.59 $19.18	▼ −2.09%	▼ −5.28%	$20.81 (+6.23%)
Mar 16, 2026 9w ago	Press Release NEUTRAL ★ 3/10	$18.66 $19.51	▲ +4.56%	▲ +7.21%	$20.81 (+11.52%)

US Market Status

Market Closed — Opens Tue (34h 50m)

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