Baker Hughes is expected to report Q1 2026 revenue of $6.39 billion, a 0.6% year-over-year decline, and EPS of $0.51, which remains flat compared to the previous year. The stock currently trades around $59.17, roughly 8% below the average analyst price target of $64.02.
Investors are primarily focused on the Industrial & Energy Technology (IET) segment, particularly its high-margin backlog and potential for new LNG and AI data center power generation orders.
The company enters the quarter with an unprecedented total backlog of $35.9 billion, providing significant multi-year visibility as it shifts focus toward energy transition and digital solutions. Additionally, management is expected to provide updates on the recently announced $1.45 billion asset sale to Hexagon and the continued integration of late-2025 acquisitions.