Hexagon AB (publ)

Baker Hughes announced second-quarter 2026 results with orders reaching $10.5 billion, including $7.1 billion from its Industrial & Energy Technology segment, which saw record bookings double year-over-year. Revenue was $6.7 billion, while attributable net income came in at $681 million, or $0.68 per diluted share on a GAAP basis, and adjusted diluted earnings per share was $0.64. Adjusted EBITDA was $1,231 million, exceeding the high end of the company's guidance range, and cash flows from operating activities were $1,345 million with free cash flow of $1,109 million. The company raised its full-year IET order guidance and increased its Horizon 2 IET orders outlook to more than $45 billion, citing robust demand across power systems and LNG. Baker Hughes also completed its acquisition of Chart Industries and announced the sale of Waygate Technologies to Hexagon for approximately $1.45 billion.

The global inline metrology market is projected to grow from $2.63 billion in 2026 to $3.80 billion by 2032, at a compound annual growth rate of 6.3%. The semiconductor and electronics end-use industry is expected to register the fastest growth throughout the forecast period, driven by increased device complexity and advanced manufacturing nodes. Quality control and inspection applications are projected to account for the largest market share by 2032, as manufacturers integrate measurement and inspection directly into production lines. North America is anticipated to hold the second-largest market share in 2026, supported by advanced manufacturing, semiconductor fabrication, and automotive production hubs. Major industry players include Hexagon AB, Carl Zeiss AG, KLA Corporation, KEYENCE CORPORATION, and Renishaw plc.