Baker Hughes' second quarter 2026 results were driven by record IET orders of $7.1 billion, doubling year-over-year.

Baker Hughes reported second quarter 2026 revenue of $6.7 billion and adjusted EPS of $0.64. Results were highlighted by record order intake in the Industrial & Energy Technology (IET) segment, driven by strong demand for LNG and power generation.

Key Highlights

• Overall orders grew 49% year-over-year to $10.5 billion, led by a record $7.1 billion in the Industrial & Energy Technology (IET) segment, which more than doubled from the prior year.
• The company generated strong free cash flow of $1.1 billion for the quarter, a significant increase from $239 million in the same period last year.
• Remaining Performance Obligation (RPO) reached $40.1 billion, with the IET segment's RPO growing to a record $37.1 billion, enhancing future revenue visibility.