NOV

Q3 FY2026 EarningsQ3 FY26 results were mixed relative to consensus: revenue of $2.23B slightly beat expectations of $2.20B, driven by strength in the Energy Products and Services segment. However, gross margin of 19.7% missed the 23.4% consensus by 3.70pct, and GAAP Net Income of $90M fell short of the $92.6M expected due to $28M in restructuring charges and asset write-downs. Q4 revenue guidance is roughly flat, with Adjusted EBITDA expected at $260M-$300M, largely in line with current momentum but factoring in a moderation in Middle East activity.