DNOW's second quarter revenue grew to $1.31B and adjusted EPS of $0.12 beat estimates amid strong U.S. recovery.

DNOW reported second quarter 2026 revenue of $1.31 billion, up 10% sequentially, and an adjusted EPS of $0.12, beating consensus estimates. The company posted a GAAP net loss of $21 million, or ($0.11) per share, but generated strong operating cash flow of $133 million.

Key Highlights

• Adjusted EBITDA surged 54% sequentially to $60 million, with the adjusted EBITDA margin reaching 4.6%, a positive development toward its 4.5% full-year goal.
• The U.S. segment led the recovery with revenue growing 13% sequentially, indicating progress in resolving prior operational bottlenecks.
• The company returned $25 million to shareholders via stock repurchases, bringing the year-to-date total to $75 million.