Baker Hughes posts transcript of Q2 2026 earnings call
BKR•Orders and backlog
- IET orders hit a record $7.1 billion.
- Company orders totaled $10.5 billion.
- IET RPO rose to $37.1 billion, lifting total RPO to $40.06 billion.
- Management raised the IET Horizon 2 (2026-2028) orders target to more than $45 billion.
Q2 2026 earnings call highlights
Baker Hughes held its second-quarter 2026 earnings call with Chairman and CEO Lorenzo Simonelli, CFO Ahmed Moghal, and IR VP Chase Mulvehill.
- Adjusted EBITDA was $1.23 billion, beating guidance.
- Adjusted EPS was $0.64.
- Free cash flow was $1.1 billion.
- Adjusted EBITDA margin was 18.3%.
Chart Industries acquisition and outlook
Management said it expects added capacity by 2029 to support nearly in annual Power Systems revenue.
