Baker Hughes Announces Third-Quarter 2026 Results
Baker Hughes reported Q3 2026 revenue of $8.0 billion, up 14% year-over-year, with orders of $10.8 billion (+31% YoY) and adjusted diluted EPS of $0.70 versus GAAP EPS of $0.41. IET booked $5.9 billion in orders, its second-largest quarter ever, driving record RPO of $46.4 billion including $39.4 billion in IET; management raised full-year IET order guidance to $50 billion plus. GAAP net income fell 33% YoY to $411 million on Chart acquisition-related charges including $158 million of transaction costs and $143 million of intangible amortization, but adjusted EBITDA rose 14% to $1,415 million.
Key figures
- Eps
- 0.41
- Revenue
- 8025000000
- Guidance
- Full-year IET order guidance and Horizon 2 (2026-2028) IET order outlook raised to $50 billion plus
- Revenue Yoy
- 14%
- Rpo
- $46.4 billion
- Orders
- $10.8 billion
- Iet orders
- $5.9 billion
- Adjusted eps
- 0.7
- Book to bill
- 1.3
- Free cash flow
- 769000000
- Iet rpo record
- $39.4 billion
- Net income yoy
- -33%
- Adjusted ebitda
- 1415000000
- Iet book to bill
- 1.7
- Adjusted net income
- 695000000
- Operating cash flow
- 1005000000
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