Baker Hughes Q2 FY26 net income falls 3% year-over-year to $681 million; revenue drops 2% year-over-year to $6.7 billion - BKR News | RalliesBaker Hughes Q2 FY26 net income falls 3% year-over-year to $681 million; revenue drops 2% year-over-year to $6.7 billion
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BKR• Cash flow
- Cash flow from operating activities surged to $1.35 billion from Q1; free cash flow rose to $1.11 billion.
Acquisition and divestiture updates
- Completed the Chart acquisition in July; announced sale of Waygate Technologies to Hexagon for about $1.45 billion cash.
Quarterly results and operating metrics
- Baker Hughes posted Q2 2026 net income attributable to shareholders of $681 million, down 27% sequentially; GAAP diluted EPS fell 27% to $0.68.
- Orders climbed 29% sequentially to $10.5 billion; revenue rose 2% to $6.74 billion.
- Remaining performance obligations increased to $40.1 billion from Q1, including record IET RPO of $37.1 billion.
