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BKRBullishEarningsnews
High materiality8/10

Baker Hughes Q2 2026 strong results with record IET orders and Chart acquisition

Jul 26, 2026, 5:03 PM EDT5 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Strong top-line and cash-flow indicators, record IET orders, higher Horizon 2 outlook, and Chart integration imply improved growth trajectory and potential multiple expansion, even as Middle East uncertainty persists.

AI summary

What happened, with direct paths to the underlying reporting

Baker Hughes posted a solid Q2 2026, with revenue of $6.742B and GAAP net income $681M. IET orders surged to a record $7.088B, backlog rose 19% YoY to $40.1B, and Horizon 2 IET orders outlook rose above $45B. The Chart Industries acquisition closed and Waygate Technologies was sold for about $1.45B, supporting higher growth and cash flow, while the company reaffirmed guidance and maintained a favorable full-year trajectory.

  • Q2 2026 revenue was $6.742B; GAAP net income was $681M.
  • IET orders hit a record $7.1B; backlog rose 19% YoY.
  • RPO reached $40.1B; Horizon 2 IET outlook above $45B.
  • Chart acquisition closed; Waygate sale to Hexagon completed for $1.45B.
  • Guidance reaffirmed; IET horizon outlook raised; FCF remains robust.

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