Baker Hughes (BKR) Beats Q2 2026 Estimates for the 10th Straight Quarter
As seen on the 24/7 Wall St. homepage on July 27, 2026.
Baker Hughes crushed earnings for a 10th straight quarter, posting EPS of $0.64 versus $0.49 consensus as record $7.1 billion in Industrial & Energy Technology orders flood in from data centers and LNG projects. The backlog expansion and guidance raise underscore how tight the race is for power generation capacity tied to AI infrastructure buildout.
Continue ReadingShow less
Baker Hughes posted Q2 2026 earnings per share of $0.64, clearing the $0.49 consensus by about 31% and extending its unbroken run of beats to ten consecutive quarters. Revenue came in at $6.74 billion, topping estimates of roughly $6.51 billion by about 3.6%. The consistent outperformance suggests the company is not simply catching a favorable quarter here and there but is running structurally ahead of what Wall Street models.
The headline driver is a record $7.1 billion in Industrial & Energy Technology orders, fueled by demand from data centers and LNG projects. That backlog expansion points to durable revenue visibility well beyond the current quarter, and management paired it with a guidance raise — a signal that the order momentum is expected to convert into recognized revenue. The competition for power generation capacity tied to AI infrastructure is intensifying, and Baker Hughes appears to be one of the clearer beneficiaries on the equipment and technology side.
Sponsored
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Looking back at recent history, BKR has beaten EPS estimates in every quarter shown in its earnings history, with reported figures ranging from $0.51 in Q1 2025 to $0.78 in Q4 2025. The Q2 2026 result of $0.64 sits comfortably in that range and continues a pattern investors will want to watch as AI-driven energy infrastructure spending either accelerates or stabilizes in the quarters ahead.
Mentioned: BKR