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FinanceBaker Hughes beats Q2 estimates, shares rise ~2% premarket
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Baker Hughes (NASDAQ: BKR) reported better-than-expected second-quarter results on July 27, 2026, with adjusted earnings per share of $0.64 surpassing the consensus estimate of $0.49. Revenue reached $6.74 billion, exceeding forecasts of $6.52 billion despite a 2% year-over-year decline. The company secured $10.5 billion in new orders, led by its Industrial & Energy Technology division with $7.1 billion, and ended the quarter with record remaining performance obligations of $40.1 billion. Adjusted EBITDA hit $1.23 billion, while operating cash flow was $1.34 billion and free cash flow totaled $1.11 billion. CEO Lorenzo Simonelli highlighted strong portfolio breadth, momentum in data center and gas infrastructure markets, and disciplined execution amid Middle East uncertainties. Shares rose about 2% in premarket trading following the announcement.
Source report
Fiona Craig Mon, July 27, 2026 at 6:28 AM PDT 2 min read
- BKR -3.52%
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Baker Hughes (NASDAQ: BKR) reported better-than-expected second-quarter results on Monday, sending its shares approximately 2% higher in premarket trading as investors welcomed stronger earnings and solid operational performance.
The energy technology and oilfield services company posted adjusted earnings per share of $0.64, comfortably ahead of analysts' consensus estimate of $0.49.
Revenue totaled $6.74 billion, exceeding expectations of $6.52 billion, despite declining 2% from the same quarter last year.
Orders Remain Strong Despite Challenging Conditions
Baker Hughes secured $10.5 billion in new orders during the quarter, with its Industrial & Energy Technology (IET) division contributing $7.1 billion.
The company ended the quarter with remaining performance obligations (RPO) of $40.1 billion, including a record $37.1 billion within the IET business, highlighting continued demand for its energy and industrial technologies.
"Baker Hughes delivered another strong quarter, reflecting the breadth of our portfolio and continued momentum across data center, gas infrastructure, and upstream markets. Disciplined execution and our ability to effectively navigate ongoing Middle East challenges contributed to Adjusted EBITDA exceeding the high end of our guidance range," said CEO Lorenzo Simonelli.
"Looking ahead, favorable underlying fundamentals support our confidence in achieving the midpoint of our full-year guidance as we continue to manage through the Middle East uncertainty," he added.
Profitability and Cash Generation Remain Robust
Adjusted EBITDA reached $1.23 billion during the second quarter, reflecting continued operational strength across the business.
The company also generated $1.34 billion in cash flow from operating activities, while free cash flow totaled $1.11 billion, underscoring its ability to convert earnings into cash despite ongoing geopolitical uncertainty.
The latest results suggest Baker Hughes continues to benefit from resilient demand across key energy infrastructure markets while maintaining strong financial discipline and cash generation.
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Baker Hughes beats Q2 expectations on strong cash flow, shares rise