Baker Hughes beats revenue and profit forecasts in third quarter of 2026

what happened

According to StockStory, Baker Hughes reported third-quarter 2026 revenue of $8.03 billion. That is up 14.5% from a year earlier and 3.2% above the average analyst estimate. Adjusted earnings per share came in at $0.70, against market expectations of $0.61.

Adjusted EBITDA reached $1.42 billion, with a margin of 17.6%. Free cash flow was $734 million, a 9.1% margin, close to the level of a year ago. The company's market capitalization stands at $55.6 billion, and the shares stayed roughly flat at $58.25 after the report.

Management said the IET segment booked $5.9 billion in orders, its second-largest order quarter, and the remaining performance obligations backlog grew to another record.

why it matters

For markets, the report is a signal of steady demand for energy equipment and services. The company cited data centers, LNG and gas infrastructure as drivers. Raising its IET order guidance suggests management expects this momentum to continue. However, the results concern one company, so their effect on oil and gas prices is limited.

market impact

Oil and gas services sector: Baker Hughes' strong report supports interest in the company's shares

tags

instruments