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Baker Hughes Announces Second-Quarter 2026 Results
Record IET bookings and LNG demand lifted Baker Hughes results as the company raised its full-year orders outlook to more than $45 billion.
- Record quarterly orders of $10.5 billion, a 49% increase year-over-year, were reported by Baker Hughes yesterday, driven by robust demand for its industrial and energy technology solutions.
- Broadening demand across data centers, liquefied natural gas infrastructure, and power generation projects fueled the record bookings, helping the company navigate operational challenges in the Middle East.
- The company achieved $6.74 billion in revenue and adjusted EBITDA of $1.23 billion, exceeding guidance, while operating cash flow more than doubled to $1.35 billion.
- CEO Lorenzo Simonelli said customers remain focused on maximizing production from existing assets while preserving flexibility to respond to evolving market conditions.
- The company raised its full-year industrial and energy technology order guidance, increasing its Horizon 2026-2028 outlook to more than $45 billion as it expands gas turbine capacity.
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Baker Hughes released profit and revenue above expected in the second quarter. Exclusive material for subscribers. To have full access, access the link of the material and register.
·Rio de Janeiro, Brazil
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Hastings TribuneReposted by 
Globe Newswire
Globe NewswireBaker Hughes Announces Second-Quarter 2026 Results
Second-quarter highlights
·Nebraska, United States
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·London, United Kingdom
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right3Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
C 63%
R 37%
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