Baker Hughes Company (BKR) Earnings Call Transcripts
Baker Hughes Company's Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, Baker Hughes Company (BKR) reported strong financial results, with revenue reaching $6.87 billion and adjusted EBITDA of $1.23 billion, exceeding guidance. Adjusted earnings per share were $0.64, reflecting a 2% year-over-year increase. Management raised full-year revenue guidance to $27.35 billion and adjusted EBITDA to $4.85 billion, citing robust order momentum and a record backlog as key drivers for future growth.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $6.87B (beat) |
| Adjusted EBITDA | $1.23B (beat) |
| Adjusted EPS | $0.64 (inline) |
| Free Cash Flow | $1.1B (positive) |
| IET Orders | $7.1B (positive) |
| Backlog | $37.1B (positive) |
Guidance from management
Management expects third quarter revenue of $6.87 billion and adjusted EBITDA of $1.205 billion. Full-year revenue guidance has been raised to $27.35 billion, with adjusted EBITDA now expected to be $4.85 billion.
What management said
Thank you to everyone for taking the time to join our earnings call today, and I look forward to speaking with you all again soon. Operator, you may now close out the call. Thank you.
What analysts pressed on
Analysts expressed concerns about the ongoing geopolitical instability in the Middle East and its potential impact on project timing and local supply chains. There were also questions regarding the pace of backlog conversion and how inflationary pressures might affect margins moving forward.
Main topics on the call
- Record Orders in IET — Baker Hughes achieved record orders of $7.1 billion in the Industrial Technology (IET) segment, doubling year-over-year. Management noted, "These results highlight the breadth and versatility of the IET portfolio and rei...
- Strong Free Cash Flow Generation — The company generated robust free cash flow of $1.1 billion in the quarter, supported by strong customer collections. This performance underscores the company's operational efficiency and ability to manage working capita...
- Acquisition of Chart Industries — The completion of the Chart Industries acquisition is expected to enhance Baker Hughes' capabilities across energy infrastructure and industrial markets. Management stated, "Chart adds differentiated capabilities in ther...
- Guidance Raised for Full Year — Management raised full-year revenue guidance to $27.35 billion and adjusted EBITDA to $4.85 billion, reflecting strong order momentum and a record backlog. This adjustment indicates confidence in the company's growth tra...
Read the full Baker Hughes Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Baker Hughes Company
Baker Hughes Company (BKR) is a publicly listed company in the Energy Equipment and Services industry, within the Energy sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 46 calls on record spanning January 22, 2020 to July 27, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 46 Baker Hughes Company earnings call transcripts on record, spanning January 22, 2020 to July 27, 2026. Based on this history, Baker Hughes Company reports quarterly. The most recent call on file is dated July 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- BKR
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Energy
- Industry
- Energy Equipment and Services
- Calls on record
- 46
- First call
- January 22, 2020
- Most recent
- July 27, 2026
- Reporting cadence
- quarterly