Baker Hughes Q2 FY26 net income flat at $0.7 billion; revenue falls 2% to $6.7 billion

Reuters2026/07/27 20:17

By:Reuters

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Baker Hughes posted Q2 revenue of $6.7 billion, down 2% from a year earlier; net income held at $0.7 billion.
Segment EBITDA fell 11% to $605 million in Oilfield Services & Equipment, while Industrial & Energy Technology rose 16% to $678 million.
Orders climbed to $10.5 billion, up from $7.03 billion a year earlier, driven by Industrial & Energy Technology at $7.09 billion.
Remaining performance obligations totaled $40.1 billion, including $37.1 billion in Industrial & Energy Technology.
Completed the Chart Industries acquisition on July 16 for $210 per share, an enterprise value of about $13.6 billion, funded with senior notes and cash.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baker Hughes Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001701605-26-000023), on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Baker Hughes Q2 FY26 net income flat at $0.7 billion; revenue falls 2% to $6.7 billion

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