Baker Hughes Company (BKR) Financials
Key financial figures for Baker Hughes Company (Q2 2026).
Baker Hughes posted record total orders of $10.5 billion in Q2 2026, led by IET orders that doubled year-over-year to $7.1 billion, pushing total RPO to a record $40.1 billion while GAAP diluted EPS came in at $0.68 and adjusted EPS at $0.64. Revenue of $6.7 billion (roughly flat year-over-year); GAAP diluted EPS of $0.68 and adjusted diluted EPS of $0.64, both down slightly year-over-year on a tougher comp; Adjusted EBITDA of $1,231 million exceeded the high end of guidance. IET delivered a blowout quarter: orders of $7.1 billion (up ~101% year-over-year, 45% sequentially), pushing IET RPO to a record $37.1 billion (up $4.0 billion sequentially) and the total book-to-bill ratio to 1.6x (IET book-to-bill 2.2x). On the outlook: Management expressed confidence in achieving the midpoint of full-year 2026 guidance (revenue and Adjusted EBITDA) while continuing to manage through Middle East operating uncertainty, and raised its full-year IET order guidance, increasing the Horizon 2 (2026-2028) cumulative IET orders outlook to more than $45 billion, up from the prior more-than-$40-billion target. Figures are for Q2 2026, as Baker Hughes Company reported them.
- Revenue
- $6.7B
- Net Income
- $682M
- Total Assets
- $52.6B
- Operating Cash Flow
- $1.3B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $6.7B | $682M | $0.69 | 12.67% | $1.0B |
| Q1 FY2026 | $6.6B | $930M | $0.93 | 12.28% | $164M |
| Q4 FY2025 | $7.4B | $876M | $0.88 | 13.13% | $1.3B |
| Q3 FY2025 | $7.0B | $609M | $0.61 | 13.52% | $634M |
| Q2 FY2025 | $6.9B | $701M | $0.71 | 12.84% | $209M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $27.7B | $2.6B | $2.60 | 12.83% | $2.5B |
| FY2024 | $27.8B | $3.0B | $2.98 | 12.15% | $2.1B |
| FY2023 | $25.5B | $1.9B | $1.91 | 10.35% | $1.8B |
Frequently asked questions
What was Baker Hughes Company's revenue last quarter?
Baker Hughes Company reported revenue of $6.74 billion for Q2 FY2026, down 2.4% from the same period a year earlier.
Is Baker Hughes Company profitable?
Yes. Baker Hughes Company reported net income of $682.0 million for Q2 FY2026, a net margin of 10.12% on revenue.
How has Baker Hughes Company's margin trended?
Operating margin was 12.67% in Q2 FY2026, compared with 12.84% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Baker Hughes Company report next?
Baker Hughes Company is scheduled to report results on 2026-10-22. The company has confirmed that date.
Full income statement, balance sheet and cash flow for Baker Hughes Company on SentiSense, with up to forty quarters and twenty fiscal years of history.