Baker Hughes Q1 revenue rises 2% to $6.6 billion; GAAP net income up 131%
Baker Hughes reported first-quarter 2026 revenue of $6.6 billion, up 2% from a year earlier but down 11% from the fourth quarter of 2025. GAAP net income attributable to the company was $930 million, helped by a $721 million gain on business dispositions, while adjusted EBITDA rose 12% year over year to $1.2 billion. The company said its outlook for business fundamentals is unchanged, excluding ongoing Middle East impacts.
Key points
- Revenue of $6.6 billion was up 2% year over year and down 11% sequentially.
- GAAP diluted EPS was $0.93 versus $0.40 a year earlier; the quarter included a $721 million gain on business dispositions.
- Adjusted diluted EPS was $0.58, up from $0.51 a year earlier but down from $0.78 in the fourth quarter of 2025.
- Adjusted EBITDA was $1.2 billion, up 12% year over year; a conference call is set for Friday, April 24, 2026 at 9:30 a.m. Eastern Time.
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.