Baker Hughes Reports Strong Q3 2026 Results Driven by Industrial and Data Center Demand
Baker Hughes (BKR) reported robust third-quarter 2026 financial results, highlighted by a 31% year-over-year increase in total orders reaching $10.8 billion. The company's Industrial & Energy Technology segment saw record Remaining Performance Obligations (RPO) of $39.4 billion, providing significant long-term revenue visibility. A standout performer was the data center segment, which recorded $4.9 billion in year-to-date orders, a massive 500% increase driven by AI infrastructure power requirements. Despite higher interest expenses and transaction costs related to the Chart acquisition, adjusted EPS rose 2% to $0.70. The company also updated its full-year 2026 Adjusted EBITDA guidance to a midpoint of $5.27 billion. While growth in Oilfield Services remains steady with strong Middle East activity, management noted potential logistical risks in that region due to ongoing disruptions.
Tickers: $BKR
Topics: acquisition AI infrastructure earnings report EBITDA revenue growth