BKR
FY2026 Q2 · Calendar Q3 2026
Baker Hughes Company
Baker Hughes reported a strong Q2 2026, with adjusted EBITDA of $1.23 billion beating the high end of guidance and margins expanding to a record 18.3%. EPS of $0.64 exceeded the consensus estimate of $0.511 by 25.2%, while revenue of $6.74 billion topped estimates by 3.1%. The standout was IET orders doubling year over year to a record $7.1 billion, pushing the order backlog to $37.1 billion. The completed Chart Industries acquisition unlocks $325 million in targeted annual cost synergies by year three and creates cross-selling opportunities across data centers, gas infrastructure, and emerging markets such as space and geothermal. Management raised full-year 2026 revenue and EBITDA guidance and identified a $5 billion annual power systems revenue opportunity by 2029, driven largely by AI-related data-center demand. Despite the beat and raised outlook, shares fell 3.5% in the…
EPS surprise+25.2%
Market move-3.5%
