Baker Hughes (BKR) reported second-quarter 2026 revenue of $6.7 billion, down 2% from a year earlier and up 2% sequentially. Net income attributable to Baker Hughes was $681 million, compared with $701 million a year earlier.
The company reported GAAP diluted EPS of $0.68, compared with $0.71 in the prior-year quarter. Orders totaled $10.5 billion, including $7.1 billion from Industrial and Energy Technology.
- Revenue was $6.742 billion for the quarter ended June 30, 2026.
- Net income attributable to Baker Hughes was $681 million.
- GAAP diluted EPS was $0.68, while basic EPS was $0.69.
- Orders were $10.501 billion, up 49% year over year.
- Remaining performance obligations ended the quarter at $40.1 billion, including $37.1 billion in IET RPO.
- Oilfield Services and Equipment revenue was $3.451 billion, down 5% year over year.
- Industrial and Energy Technology revenue was $3.291 billion, flat year over year.
- The company completed its previously announced acquisition of Chart Industries in July and announced the sale of Waygate Technologies for about $1.45 billion in cash.
