Baker Hughes reports higher third-quarter revenue and raises IET order outlook
Filed with the SEC on · Summarized by InvestorsBot
Baker Hughes reported third-quarter 2026 revenue of $8.0 billion, up 14% year over year, while adjusted diluted EPS rose to $0.70 from $0.68; GAAP diluted EPS fell to $0.41 from $0.61, partly reflecting $284 million in adjustments. Orders totaled $10.8 billion and remaining performance obligations reached a record $46.4 billion, with IET orders of $5.9 billion; following its July 16 acquisition of Chart Industries, Baker Hughes raised its 2026-2028 IET order outlook to more than $50 billion.