Seeking Alpha downgrades DNOW stock to Hold rating in September

Published on 10/08/2026 at 18:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 1.31 billion, up 10.00 percent. DNOW stock costs EUR 13.85 on October 8, 2026 after EUR 13.75, plus 0.73 percent.

Key points in brief

Seeking Alpha downgraded DNOW to Hold on September 24, 2026, while Q2 revenue reached USD 1.31 billion.
Adjusted gross margin was 20.80 percent in Q2 2026 versus 21.60 percent in Q1 2026.
DNOW stock was at EUR 13.85 at Lang & Schwarz on October 8, 2026, plus 0.73 percent versus EUR 13.75.

DNOW, US67011P1003, Illustration mit AI erstellt.

DNOW (ISIN US67011P1003) was downgraded to Hold by Seeking Alpha on September 24, 2026, as summarized by Simply Wall St. DNOW stock was at EUR 13.85 at Lang & Schwarz on October 8, 2026 at 6:01 p.m. CEST, up 0.73 percent versus the prior close of EUR 13.75.

What does the downgrade mean for margins?

The key issue is earnings quality after DNOW's integration of MRC Global. In the second quarter of 2026, revenue reached USD 1.31 billion, a 10.00 percent sequential increase, while adjusted EBITDA rose to USD 60.00 million, up 54.00 percent from the first quarter, according to Yahoo Finance.

The margin picture was less straightforward. Adjusted gross profit was USD 272.00 million, or 20.80 percent of revenue, in the second quarter of 2026, compared with USD 256.00 million, or 21.60 percent, in the first quarter, according to the same earnings-call material.

Three milestones frame the decision

On November 6, 2025, DNOW completed its USD 1.20 billion acquisition of MRC Global, according to Simply Wall St. On August 6, 2026, second-quarter revenue reached USD 1.31 billion, according to Yahoo Finance. On September 24, 2026, Seeking Alpha downgraded DNOW to Hold while citing the USD 1.31 billion quarterly revenue figure, as reported by Simply Wall St.

When are the next results due?

DNOW is scheduled to report third-quarter 2026 results before the market opens on November 4, 2026, with a conference call at 9:00 a.m. ET, according to MarketBeat. That report will test whether stronger sales are converting into wider gross and operating margins.

Stock price and investor context

DNOW's Lang & Schwarz price stood at EUR 13.85 after the Xetra close on October 8, 2026 at 6:01 p.m. CEST, up 0.73 percent against the EUR 13.75 prior close from October 7, 2026. The primary listing is on the NYSE, where finance data placed the stock at USD 15.45 at 12:06 p.m. ET on October 8, 2026, with a USD 10.94 to USD 17.26 52-week range and USD 2.8 billion market capitalization.

The further course of trading is shown by the continuously updated real-time quote of DNOW stock.