Q1 26 EPS
$0.58
BEAT +17.50%
Est. $0.49
Q1 26 Revenue
$6.59B
BEAT +4.09%
Est. $6.33B
vs S&P Since Q1 26
-7.5%
TRAILING MARKET
BKR -1.8% vs S&P +5.7%
Market Reaction
Did BKR Beat Earnings? Q1 2026 Results
Baker Hughes kicked off 2026 with a notably strong first quarter, posting earnings per share of $0.58 against a consensus estimate of $0.49, a beat of 17.50%, while revenue of $6.59 billion topped expectations by 4.09% and grew 2.5% year over year. T… Read more Baker Hughes kicked off 2026 with a notably strong first quarter, posting earnings per share of $0.58 against a consensus estimate of $0.49, a beat of 17.50%, while revenue of $6.59 billion topped expectations by 4.09% and grew 2.5% year over year. The headline driver behind the quarter's strength was the Industrial and Energy Technology segment, which delivered 14% revenue growth and a record $4.89 billion in orders, pushing IET's remaining performance obligations to $33.10 billion; major awards included LNG equipment for QatarEnergy and a 60-unit gas turbine solution capable of delivering 1 GW of power for a North American infrastructure project. Aggressive portfolio reshaping also defined the period, with completed sales of the PSI product line and the SPC business contributing to a broader divestiture program expected to generate roughly $3.00 billion in gross proceeds during 2026. Management's fundamental outlook remains intact, noting that ongoing Middle East disruptions are reinforcing energy security as a structural spending priority, a theme echoed broadly across the oilfield services sector this earnings season.
Key Takeaways
- • IET revenue growth of 14% year-over-year driven by Gas Technology Equipment and Gas Technology Services
- • Productivity, cost-out initiatives, favorable FX, and pricing improvements supporting adjusted EBITDA growth
- • Record IET orders of $4.9 billion with 1.5x book-to-bill ratio
- • Baker Hughes Business System driving disciplined execution and higher margins
- • $1.4 billion in Power Systems orders highlighting data center and power generation demand
BKR YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
BKR Revenue by Segment
With YoY comparisons, source: SEC Filings
BKR Revenue by Geography
With YoY comparisons, source: SEC Filings
“Our exceptional first-quarter performance highlights the strength of our portfolio and the momentum we are building as we progress through Horizon 2. Despite significant disruptions in the Middle East, our teams executed at a high level and delivered results that exceeded our guidance range. Although we recognize this achievement, we continue to prioritize the safety and wellbeing of our employees and their families in the region.”
— Lorenzo Simonelli, Q1 2026 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% |