Novatti Group Limited (NOV) Earnings Call Transcripts

Novatti Group Limited's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, NOV Inc. reported revenues of $2.05 billion and net income of $19 million, translating to earnings of $0.05 per share. The results were negatively impacted by the ongoing conflict in the Middle East, which management estimated reduced revenue by approximately $54 million and EBITDA by $32 million. Despite these challenges, management indicated that the market is primed for a recovery, with a potential new capital equipment cycle on the horizon, suggesting that full-year results could align with 2025 if conditions stabilize.

Reported metrics

Guidance from management

Management expects Energy Equipment segment revenue to decline by 2% to 4% year-over-year in Q2 2026, with EBITDA projected between $135 million and $155 million. They anticipate that the impact from the Middle East conflict will be slightly larger than in Q1, but conditions are improving.

What management said

Thank you, Rodney. In closing, while the first quarter presented challenges, it also marked a significant shift in the market environment. we believe a meaningful new capital equipment cycle is unfolding, which will cause NOV's technology equipment and expertise to be in [indiscernible] over the coming years. We are confident in how we are positioning the company for the future and remain intently focused on deliveri...

What analysts pressed on

Analysts expressed concerns regarding the ongoing impact of the Middle East conflict on logistics and delivery schedules, questioning how this would affect future revenue and EBITDA. There were also inquiries about the potential for order deferrals and the overall market recovery timeline.

Main topics on the call

• Impact of Middle East Conflict — The ongoing conflict in the Middle East has significantly disrupted NOV's operations, with management stating, "we estimate that the conflict in the Middle East negatively impacted revenue by approximately $54 million an...
• Strong Order Intake — Management reported that bookings in the Energy Equipment segment totaled $520 million, resulting in a book-to-bill ratio of 80%. This represented the strongest first-quarter order intake since 2019, with management noti...
• Operational Efficiency Improvements — NOV has implemented significant cost-reduction measures, including an 8% reduction in headcount and the closure of over 40 facilities. Management stated, "we expect our efforts to begin to more than offset the tariff and...
• Future Market Outlook — Management expressed optimism about a potential recovery in the market, stating, "the market is increasingly primed for a recovery" and highlighting the need for increased investment in production capacity. They noted th...

Read the full Novatti Group Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Novatti Group Limited earnings call transcripts on record, spanning February 7, 2020 to July 31, 2026. Based on this history, Novatti Group Limited reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

NOV

Exchange

ASX

Country

AU

Sector

Information Technology

Industry

Software

Calls on record

29

First call

February 7, 2020

Most recent

July 31, 2026

Reporting cadence

quarterly