Q3 25 EPS
$0.68
BEAT +9.78%
Est. $0.62
Q3 25 Revenue
$7.01B
BEAT +2.63%
Est. $6.83B
vs S&P Since Q3 25
+17.9%
BEATING MARKET
BKR +29.4% vs S&P +11.5%
Market Reaction
Did BKR Beat Earnings? Q3 2025 Results
Baker Hughes posted a solid third quarter, with adjusted diluted EPS of $0.68 beating the $0.62 consensus estimate by 9.78% and revenue of $7.01 billion topping expectations of $6.83 billion, a 2.63% beat on a modest 1.5% year-over-year gain. The hea… Read more Baker Hughes posted a solid third quarter, with adjusted diluted EPS of $0.68 beating the $0.62 consensus estimate by 9.78% and revenue of $7.01 billion topping expectations of $6.83 billion, a 2.63% beat on a modest 1.5% year-over-year gain. The headline numbers masked a sharp divergence beneath the surface: the Industrial & Energy Technology segment powered results higher, with revenue climbing 15% year-over-year to $3.37 billion and EBITDA expanding 20% to $635 million, while IET orders of $4.14 billion surged 44% year-over-year, lifting remaining performance obligations to a record $32.1 billion. Oilfield Services & Equipment, meanwhile, saw revenue fall 8% year-over-year to $3.64 billion amid broader macro headwinds. The pending acquisition of Chart Industries for approximately $13.6 billion, which comes as Chart itself reported record quarterly orders of $1.68 billion driven by LNG and data center demand, underscores Baker Hughes' strategic pivot toward high-growth industrial markets. Management raised its full-year IET order outlook beyond prior midpoint expectations, citing strong Q4 award visibility.
Key Takeaways
- • Gas Technology Equipment revenue up 32% year-over-year driving IET segment growth
- • Structural cost-out initiatives and favorable foreign exchange rates supporting margin improvement
- • Strong U.S. land outperformance with leverage to production-related activity
- • Business System deployment driving consistent execution and operational discipline
- • IET EBITDA margins expanded to 18.8% from 17.9% year-over-year
BKR YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
BKR Revenue by Segment
With YoY comparisons, source: SEC Filings
BKR Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our strong third quarter performance represents clear evidence of the consistent execution and operational discipline embedded across the organization. This performance reflects continued momentum from our Business System deployment, positive trends in Gas Technology, and strong outperformance in U.S. land, where our leverage to production-related activity gives us a clear advantage.”
— Lorenzo Simonelli, Q3 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% |