Baker Hughes beats Q2 estimates on record orders

EarningsM&A · Partnership
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Summary · why it matters

Baker Hughes reported second-quarter 2026 adjusted earnings of 64 cents per share, beating the Zacks Consensus Estimate of 51 cents by 25.5%, while revenues of $6.74 billion surpassed the consensus mark of $6.49 billion by 3.9% but declined 2% year over year. Orders across all business segments totaled $10.5 billion, up 49% from $7.03 billion a year ago, driven by record order intake from the Industrial & Energy Technology segment, and remaining performance obligations reached $40.06 billion, up 18% year over year. The company completed its acquisition of Chart Industries and expects Chart to become a third reporting segment beginning in the third quarter of 2026, with run-rate cost synergies projected at $95 million in year one, $230 million in year two, and $325 million in year three. For the third quarter of 2026, Baker Hughes expects revenues of $6.57 billion to $7.17 billion and adjusted EBITDA of $1.12 billion to $1.30 billion, while full-year 2026 guidance calls for revenues of $26.65 billion to $28.05 billion and adjusted EBITDA of $4.6 billion to $5.1 billion. The company raised its IET order guidance to $17.5 billion to $19.5 billion and increased its Horizon 2 IET order target to more than $45 billion for 2026 through 2028.

Impact on stocks 3

Energy Transition & Power Demand▲ · 2 stocks
Baker Hughes Co
BKR
▲ PositiveCapitalrelevance

Beat Q2 estimates with record orders and raised guidance.

Chart Industries Inc
GTLS
▲ PositiveCapitalrelevance

Acquired by Baker Hughes, expected to become a reporting segment with synergies.

Energy▲ · 1 stocks

Theme Impact 1

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