FN2 Earnings Intelligence
BKR expanded earnings history
Baker Hughes Company (BKR) quarterly earnings scorecards, market reactions, transcript intelligence, and historical context.
Earnings History
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…
Baker Hughes Company
The supplied analysis supports a constructive operating picture: strong IET bookings, a large RPO, and demand from data centers, AI compute, electrification, and energy security provide growth support. The counterweight is execution and cyclicality, especially capacity constraints, macro disruption, LNG volatility, and the pending Chart transaction.
Baker Hughes Company
The current analysis supports a constructive but qualified view: power-systems, data-center, LNG, and New Energy demand provide growth support, while maintained guidance and execution, tariff, and upstream-spending risks temper the case.
Baker Hughes Company
The current quarter supports a constructive operating thesis: stronger IET orders, LNG and power-generation demand, and raised guidance provide evidence of momentum, while upstream cyclicality and acquisition execution remain important offsets.
Baker Hughes Company
The transcript supports a constructive, but conditional, growth thesis: gas infrastructure, LNG, digital services and new-energy activity are supporting orders and margin expansion, while policy uncertainty, oilfield cyclicality and execution remain material offsets.
Baker Hughes Company
The supplied analysis supports a constructive but conditional view: Baker Hughes' record Q3 margin, robust orders and growing recurring-service contribution strengthen the operating case, while project timing, geopolitics and execution risks temper the outlook.
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