Baker Hughes posts smaller-than-expected Q2 revenue drop, tops profit estimates

Baker Hughes

27/07/2026 01:14

Overview
Energy technology firm's Q2 revenue fell 2% yr/yr, less than analyst expectations
Adjusted EPS beat analyst expectations
Company completed previously announced Chart Industries acquisition in all-cash transaction

Outlook
Baker Hughes expects to achieve the midpoint of its full-year guidance despite Middle East uncertainty
Company raises full-year IET order guidance and increases Horizon 2 IET orders outlook to over $45 bln
Baker Hughes sees continued robust demand in power systems, LNG, and energy infrastructure markets

Result Drivers
STRONG IET ORDERS - Co said record IET orders were driven by robust demand in power systems and LNG, with strong momentum in power generation
COST AND PRODUCTIVITY INITIATIVES - Sequential and year-over-year increases in adjusted net income and EBITDA were primarily driven by higher volume, price, productivity, FX, and cost-out initiatives, partially offset by inflation and lower volume
BUSINESS DISPOSITIONS - Year-over-year revenue decline mainly due to the impact of the Precision Sensors & Instrumentation and Surface Pressure Control dispositions

Company press release: ID:nGNX6dp935

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$6.74 bln
$6.52 bln (17 Analysts)
Q2 Adjusted EPS
Beat
$0.64
$0.50 (22 Analysts)
Q2 EPS
 
$0.68
 
Q2 Free Cash Flow
 
$1.11 bln
 
Q2 Orders
 
$10.50 bln
 

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)