Quarterly ResultJul 26, 2026, 05:02 PM
Baker Hughes Q2 Orders $10.5B, Revenue $6.7B; Adj. EPS $0.64
AI Summary
Baker Hughes reported strong second-quarter 2026 results with orders of $10.5 billion and revenue of $6.7 billion. Adjusted diluted EPS rose 12% sequentially to $0.64, and Adjusted EBITDA increased 6% sequentially to $1.23 billion, exceeding guidance. The company completed the acquisition of Chart Industries and announced the sale of Waygate Technologies for $1.45 billion, while raising full-year IET order guidance.
Key Highlights
- Orders reached $10.5 billion, a 49% increase year-over-year, including $7.1 billion in IET orders.
- Revenue was $6.7 billion, up 2% sequentially.
- GAAP diluted EPS was $0.68, while adjusted diluted EPS was $0.64, up 12% sequentially.
- Adjusted EBITDA was $1.23 billion, a 6% sequential increase, exceeding guidance.
- Free cash flow was $1.11 billion, significantly up from $210 million sequentially.
- Completed the acquisition of Chart Industries, enhancing portfolio and market reach.
- Announced the sale of Waygate Technologies for approximately $1.45 billion.
- Raised full-year IET order guidance and increased Horizon 2 IET orders outlook to over $45 billion.
Price Impact
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