NOV: Q2 2026 saw higher profits, strong cash returns, and a $40M tariff refund amid industry volatility
Q2 2026 revenue was $2.13B, with net income up to $112M and operating profit up 35% year-over-year. Segment results were mixed, with Energy Equipment showing profit growth and Energy Products and Services facing lower sales but stable profitability. A $40M tariff refund and ongoing litigation were…