Baker Hughes posts Q3 2026 earnings beat, orders surge but shares slide on Chart acquisition leverage
Baker Hughes reported third‑quarter 2026 results with revenue of $8.0 billion and adjusted earnings of $0.70 per share, beating analyst expectations. Orders jumped 31% year‑over‑year to $10.8 billion, driving a record backlog (RPO) of $46.4 billion. The company completed its all‑cash acquisition of Chart Industries, which lifted long‑term debt and prompted a post‑earnings sell‑off of about 6% as investors focused on higher leverage.
Why it matters
The earnings beat shows strong commercial momentum, but the share decline highlights market concern that the Chart acquisition may pressure margins and cash flow in the near term. Investors will watch how integration costs and debt levels evolve while the order book supports future revenue growth.
Key facts
- 1Orders totaled $10.8 billion, including $5.9 billion of IET orders. stocktitan.net
- 2Revenue was $8.0 billion for the quarter. stocktitan.net
- 3Attributable net income was $411 million, down 33% year‑over‑year. stocktitan.net
- 4Adjusted diluted EPS was $0.70. stocktitan.net
- 5Free cash flow was $769 million. stocktitan.net
- 6Remaining performance obligations (RPO) reached a record $46.4 billion. stocktitan.net
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.