Baker Hughes posts transcript of Q2 2026 earnings call

Reuters2026/07/27 14:32

By:Reuters

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Baker Hughes held its second-quarter 2026 earnings call with Chairman and CEO Lorenzo Simonelli, CFO Ahmed Moghal, and IR VP Chase Mulvehill.
Adjusted EBITDA USD 1.23 billion beat guidance; adjusted EPS USD 0.64; free cash flow USD 1.1 billion; adjusted EBITDA margin 18.3%.
IET orders hit a record USD 7.1 billion; company orders USD 10.5 billion; IET RPO rose to USD 37.1 billion, lifting total RPO to USD 40.06 billion.
Management raised IET Horizon 2 (2026-2028) orders target to more than USD 45 billion; expects added capacity by 2029 to support nearly USD 5 billion annual Power Systems revenue.
Chart Industries acquisition closed July 16; Chart becomes a third reporting segment from 3Q 2026; targets USD 325 million annualized cost synergies by year three.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baker Hughes Company published the original content used to generate this news brief on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Baker Hughes posts transcript of Q2 2026 earnings call

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