Q3 25 EPS
$0.68
BEAT +9.68%
Est. $0.62
Q3 25 Revenue
$7.01B
vs S&P Since Q3 25
+36.8%
BEATING MARKET
BKR +43.2% vs S&P +6.4%
Market Reaction
Did BKR Beat Earnings? Q3 2025 Results
Baker Hughes closed out Q3 2025 on a confident note, posting adjusted diluted EPS of $0.68 against a consensus estimate of $0.62, a beat of nearly 9.68%, while revenue came in at $7.01 billion, up 1.5% year-over-year in an environment where broader o… Read more Baker Hughes closed out Q3 2025 on a confident note, posting adjusted diluted EPS of $0.68 against a consensus estimate of $0.62, a beat of nearly 9.68%, while revenue came in at $7.01 billion, up 1.5% year-over-year in an environment where broader oilfield services demand has softened noticeably. The headline driver was a standout performance from the Industrial & Energy Technology segment, where Gas Technology Equipment revenue surged 32% year-over-year and IET orders reached $4.14 billion, up 44% annually, pushing the segment's record backlog to $32.1 billion and underscoring the durability of demand from LNG infrastructure buildout, power generation, and offshore development. That momentum helped absorb an 8% year-over-year decline in OFSE revenue as upstream activity moderated, a dynamic familiar to earnings beats built on segment mix rather than broad-based growth. Looking ahead, management expects full-year IET orders to exceed its prior midpoint forecast, backed by strong Q4 award visibility and a transformative pending acquisition of Chart Industries for approximately $13.60 billion.
Key Takeaways
- • Gas Technology Equipment revenue up 32% year-over-year driving IET growth
- • Business System deployment driving operational discipline and structural cost-out
- • Strong U.S. land performance leveraging production-related activity
- • Favorable foreign exchange rates
- • IET segment EBITDA margins expanded to 18.8%
- • Record IET orders of $4.1 billion and record IET RPO of $32.1 billion
BKR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
BKR Revenue by Segment
With YoY comparisons, source: SEC Filings
BKR Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our strong third quarter performance represents clear evidence of the consistent execution and operational discipline embedded across the organization. This performance reflects continued momentum from our Business System deployment, positive trends in Gas Technology, and strong outperformance in U.S. land, where our leverage to production-related activity gives us a clear advantage.”
— Lorenzo Simonelli, Q3 2025 Earnings Press Release
BKR Earnings Trends
BKR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BKR EPS Trend
Earnings per share: estimate vs actual
BKR Revenue Trend
Quarterly revenue: estimate vs actual
BKR Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 FY | — | $0.78 | — | $7.39B | — |
| FY Full Year | — | $2.60 | — | $27.73B | — |
| Q1 26 | — | — | — | — | — |
| Q3 25 BEAT | $0.62 | $0.68 | +9.68% | $7.01B | — |
| Q2 25 BEAT | $0.55 | $0.63 | +14.55% | $6.91B | — |
| Q1 25 BEAT | $0.47 | $0.51 | +8.51% | $6.43B | — |