Form 8-K · Current report
Baker Hughes 8-K, filed Jul 27, 2026
- Filed
- CIK
- 0001701605
- Accession no.
- 0001701605-26-000021
Summary
Baker Hughes reported second-quarter 2026 orders of $10.5 billion, revenue of $6.7 billion and attributable net income of $681 million, and raised its full-year Industrial & Energy Technology (IET) order guidance while lifting its 2026-2028 IET orders outlook to more than $45 billion; CEO Lorenzo Simonelli attributed the quarter to momentum across data center, gas infrastructure and upstream markets. The company completed its all-cash acquisition of Chart Industries in July and announced the sale of Waygate Technologies to Hexagon for approximately $1.45 billion.
Key points
- Second-quarter orders were $10.5 billion, including $7.1 billion of IET orders, with remaining performance obligations of $40.1 billion including record IET RPO of $37.1 billion.
- Adjusted EBITDA of $1,231 million exceeded the high end of guidance, and free cash flow was $1,109 million; GAAP diluted EPS was $0.68 and adjusted diluted EPS was $0.64.
- IET bookings doubled year-over-year to $7.1 billion, with backlog up 19% to an all-time high, driven by Power Systems and LNG demand.
- Awards included a Venture Global order for 12 liquefaction modules, Cheniere and Bechtel work at Sabine Pass Train 7, a Golar floating LNG award, and a Kodiak Gas Services agreement supporting up to 1.8 GW of power generation.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.02Results of Operations and Financial Condition
- 7.01Regulation FD Disclosure
- 9.01Financial Statements and Exhibits
From the filing
Item 2.02 Results of Operations and Financial Condition. On July 26, 2026, Baker Hughes Company (the "Company") issued a news release announcing its financial results for the quarter ended June 30, 2026, a copy of which is furnished with this Form 8-K as Exhibit 99.1 and incorporated herein by reference. In accordance with General Instructions B.2. of Form 8-K, the information shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific…
An excerpt of the text as filed with the SEC, cut for length.
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