Baker Hughes posts Q3 2026 earnings beat, lifts full‑year order outlook
Baker Hughes reported third‑quarter 2026 revenue of about $8.0 billion and adjusted earnings per share of $0.70, both surpassing analysts’ expectations. The company booked $10.8 billion of new orders, including $5.9 billion in its Industrial and Energy Technology segment, and its record order backlog rose to $46.4 billion. Management completed the all‑cash acquisition of Chart Industries and raised its Horizon 2 IET order guidance to over $50 billion for 2026‑2028.
Why it matters
The company said the higher order intake and the Chart acquisition justify raising its full‑year IET order guidance, which could improve revenue visibility for investors. The earnings beat and stronger cash flow may support continued dividend or share‑repurchase activity, according to the company’s commentary.
Key facts
- 1Orders totaled $10.8 billion, including $5.9 billion of IET orders. stocktitan.net
- 2Revenue was $8.0 billion (reported as $8.03 billion in other releases). stocktitan.net
- 3Adjusted diluted EPS was $0.70. stocktitan.net
- 4Attributable net income was $411 million. stocktitan.net
- 5Free cash flow was $769 million. stocktitan.net
- 6RPO reached $46.4 billion, with a record IET RPO of $39.4 billion. stocktitan.net
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.