Q2 25 EPS
$0.63
BEAT +13.68%
Est. $0.55
Q2 25 Revenue
$6.91B
BEAT +4.21%
Est. $6.63B
vs S&P Since Q2 25
+36.8%
BEATING MARKET
BKR +55.8% vs S&P +19.0%
Market Reaction
Did BKR Beat Earnings? Q2 2025 Results
Baker Hughes posted a notably strong second quarter in 2025, with earnings per share of $0.63 beating the $0.55 consensus estimate by 13.68% and revenue of $6.91 billion topping expectations by 4.21%, even as total revenue slipped 3.2% year-over-year… Read more Baker Hughes posted a notably strong second quarter in 2025, with earnings per share of $0.63 beating the $0.55 consensus estimate by 13.68% and revenue of $6.91 billion topping expectations by 4.21%, even as total revenue slipped 3.2% year-over-year. The standout driver was the Industrial & Energy Technology segment, where revenue grew 5% to $3.29 billion and EBITDA margins expanded to 17.8% from 15.9% a year ago, fueled by record remaining performance obligations of $31.30 billion and more than $550 million in data center-related orders during the quarter alone. Companywide adjusted EBITDA margins expanded 170 basis points to 17.5%, reflecting structural cost reductions that helped offset softness in Oilfield Services & Equipment, where revenue fell 10% year-over-year. The IET momentum is large enough that management raised full-year revenue and EBITDA guidance for the segment while reestablishing OFSE guidance, expressing confidence that IET growth will absorb broader oilfield market pressures. Baker Hughes also announced the planned acquisition of Chart Industries for $13.60 billion, a deal designed to deepen its presence in LNG and data center infrastructure.
Key Takeaways
- • Structural cost improvements and productivity gains drove 170 basis point year-over-year adjusted EBITDA margin expansion to 17.5%
- • IET segment EBITDA increased 18% year-over-year with positive pricing, favorable FX, and productivity
- • OFSE maintained flat EBITDA margins year-over-year at 18.7% despite 10% revenue decline
- • Favorable foreign currency exchange impact across both segments
- • Data center related orders exceeding $550 million in Q2
BKR YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
BKR Revenue by Segment
With YoY comparisons, source: SEC Filings
BKR Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered strong second-quarter results, with total adjusted EBITDA margins increasing 170 basis points year-over-year to 17.5% despite a modest decline in revenue. This performance reflects the benefits of structural cost improvements and continued deployment of our business system, which is driving higher productivity, stronger operating leverage and more durable earnings across the company.”
— Lorenzo Simonelli, Q2 2025 Earnings Press Release
BKR Earnings Trends
BKR vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BKR EPS Trend
Earnings per share: estimate vs actual
BKR Revenue Trend
Quarterly revenue: estimate vs actual
BKR Quarterly Results
9 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.67 | $0.78 | +16.73% | $7.39B | +4.30% |
| FY Full Year | — | $2.60 | — | $27.73B | — |
| Q1 26 BEAT | $0.49 | $0.58 | +17.50% | $6.59B | +4.09% |
| Q3 25 BEAT | $0.62 | $0.68 | +9.78% | $7.01B | +2.63% |
| Q2 25 BEAT | $0.55 | $0.63 | +13.68% | $6.91B | +4.21% |
| Q1 25 BEAT | $0.47 | $0.51 | +7.59% | $6.43B | -1.15% |
| Q4 24 BEAT FY | $0.63 | $0.70 | +11.86% | $7.36B | +4.15% |
| FY Full Year | — | $2.35 | — | $27.83B | — |
| Q3 24 BEAT | $0.61 | $0.67 | +9.84% | $6.91B | -4.27% |
| Q2 24 BEAT | $0.49 | $0.57 | +16.33% | $7.14B | +4.91% |
| Q1 24 BEAT | $0.40 | $0.43 | +7.50% | $6.42B | +0.78% |