Baker Hughes Company announced second-quarter 2026 financial results, reporting revenue of $6.74 billion, a 2% decrease year-over-year. Attributable net income was $681 million, compared to $701 million in the prior-year period. The company reported orders of $10.5 billion, including $7.1 billion in Industrial & Energy Technology (IET) orders, which doubled year-over-year. Remaining Performance Obligations (RPO) reached $40.1 billion. Key strategic activities included the completion of the Chart Industries acquisition and the announced sale of Waygate Technologies for approximately $1.45 billion. The company reported adjusted diluted EPS of $0.64 and free cash flow of $1.11 billion. Baker Hughes is an energy technology company providing solutions to energy and industrial customers.
