Q1 26 EPS
$N/A
Q1 26 Revenue
N/A
Did BKR Beat Earnings? Q1 2026 Results
Baker Hughes closed out Q4 2026 on a firm footing, reporting adjusted diluted EPS of $0.78 and revenue of $7.39 billion, up 14.9% year-over-year, as the company's industrial pivot continued to reshape its earnings profile. The most material driver of… Read more Baker Hughes closed out Q4 2026 on a firm footing, reporting adjusted diluted EPS of $0.78 and revenue of $7.39 billion, up 14.9% year-over-year, as the company's industrial pivot continued to reshape its earnings profile. The most material driver of the quarter was the sustained momentum in the Industrial & Energy Technology segment, which expanded EBITDA margins to 20% and anchored a record full-year IET backlog of $32.40 billion, a figure that speaks directly to the durability of demand across LNG, power systems, and gas infrastructure. A pattern visible across the broader oilfield services landscape, with international markets cushioning softer upstream activity in certain regions, was similarly evident in Baker Hughes' results, as OFSE faced macro-driven headwinds while IET carried the growth narrative. Looking ahead, management projects mid-single digit organic adjusted EBITDA growth in 2026, framing the next three years as "Horizon Two", a strategic phase designed to reduce cyclicality and build more resilient cash flows as the company deepens its identity as an industrialized energy solutions provider.
Key Takeaways
- • IET revenue growth of 9% year-over-year driven by Gas Technology Equipment and Gas Technology Services
- • Record IET backlog of $32.4 billion at year-end
- • Record full-year free cash flow of $2.7 billion enhanced by working capital efficiency and customer down payments
- • Adjusted EBITDA growth driven by productivity, cost out initiatives, price, and FX
- • IET EBITDA margin expanded to 20.0% in Q4
- • Non-LNG equipment orders represented approximately 85% of total IET orders for second consecutive year
BKR YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BKR Revenue by Segment
With YoY comparisons, source: SEC Filings
BKR Revenue by Geography
With YoY comparisons, source: SEC Filings
“Baker Hughes delivered exceptional performance in 2025. We continued to execute at a high level, delivering another quarter of strong results contributing to a record full-year Adjusted EBITDA. This achievement demonstrates sustained momentum from our Business System, active portfolio management, and positive performance in IET, which more than offset continued macro-driven softness in OFSE, where margins remained resilient through disciplined cost actions.”
— Lorenzo Simonelli, Q1 2026 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 | — |