NOV (NOV) Q1 FY26 earnings call

NOV Inc. navigated a challenging Q1 FY26 marked by significant disruption from the Middle East conflict, which impacted revenue and EBITDA. Despite these headwinds, the company saw strong order intake in its Energy Equipment segment and record performance in key offshore-related businesses. Management believes the conflict has accelerated and amplified the need for increased investment across the energy industry, positioning NOV for a new capital equipment cycle and a broad-based recovery in the mid-to-longer term.