Baker Hughes Q2 FY2026: record orders, EPS beat, revenue -2%
Baker Hughes beat on profit and booked its strongest order quarter, even as revenue slipped year over year. Read the scorecard in two layers: orders and RPO describe future revenue, while this quarter's income statement shows a business absorbing asset sales, higher debt and Middle East disruption. The view is Bullish, with the backlog doing the arguing.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.68 and adjusted diluted EPS was $0.64, against a consensus estimate of $0.5073 — a 26.2% beat on the adjusted line. GAAP EPS was still 3.0% below last year's $0.71, and GAAP net income of $681 million was down 3.0% year over year. Adjusted net income of $640 million rose 12.0% sequentially and 3.0% year over year.
Revenue of $6.742 billion fell 2.0% from $6.910 billion a year ago, though it rose 2.0% from $6.587 billion in the first quarter. Management pinned the year-over-year drop on the PSI and SPC dispositions rather than on lost demand. Orders tell the other story: $10.5 billion in the quarter, up 49% year over year, for a total book-to-bill ratio of 1.6.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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