Baker Hughes Reports Third-Quarter 2026 Results and Raises IET Order Guidance
Baker Hughes Company announced its third-quarter 2026 financial results, reporting revenue of $8.0 billion and net income attributable to the company of $411 million, alongside the completion of the Chart Industries acquisition. Driven by strong commercial momentum, the company raised its full-year Industrial & Energy Technology order guidance and Horizon 2 order outlook to over $50 billion. Shareholders gain insight into segment performance across Oilfield Services & Equipment, IET, and Chart, with total remaining performance obligations ending at $46.4 billion.
Key points
- Reported third-quarter 2026 revenue of $8.0 billion and GAAP diluted EPS of $0.41.
- Generated $1,005 million in cash flows from operating activities and $769 million in free cash flow.
- Raised full-year Industrial & Energy Technology order guidance and Horizon 2 order outlook to $50 billion plus.
- Total remaining performance obligations reached $46.4 billion as of September 30, 2026.
The filing
Written by AI on Oct 29, 2026, 3:00 AM ET, from this filing only.
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.