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Baker Hughes FY26 Q1 net income more than doubled to $930 million; revenue rises 2% to $6.6 billion

PUBT·04/23/2026 21:10:15
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Baker Hughes FY26 Q1 net income more than doubled to $930 million; revenue rises 2% to $6.6 billion
  • Baker Hughes posted first-quarter 2026 net income attributable to shareholders of $930 million, more than doubled from a year earlier.
  • Revenue rose 2% to $6,587 million.
  • Adjusted EBITDA increased 12% to $1,158 million.
  • Orders climbed 26% to $8,159 million, with IET orders hitting a record $4,887 million and lifting IET backlog to a record $33.1 billion.
  • Portfolio moves included $1.15 billion of proceeds from sale of Precision Sensors & Instrumentation and $344.5 million from surface pressure control JV with Cactus; management said outlook for business fundamentals remains unchanged excluding ongoing Middle East impacts.


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 via GlobeNewswire (Ref. ID: 202604231700PRIMZONEFULLFEED9696050) on April 23, 2026, and is solely responsible for the information contained therein.