Baker Hughes
Supplies oilfield services, turbomachinery, LNG systems, and industrial process equipment worldwide.
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Profile
Supplies oilfield tools and services, gas turbines, compressors, LNG systems, and industrial process equipment worldwide. Revenue combines equipment sales, field services, and lifecycle agreements, with customer capital spending and complex project execution shaping results.
Supplies drilling, completion, production, and subsea equipment and services across the life of onshore and offshore wells. Oilfield Services & Equipment pairs tools and systems with field services for exploration, development, production, and decommissioning.
Builds gas turbines, compressors, LNG equipment, and related aftermarket services through Industrial & Energy Technology, serving energy and broader industrial customers worldwide. The newly acquired Chart Industries segment adds air and gas handling, thermal-management equipment, and lifecycle services for gas infrastructure, nuclear, data centers, carbon capture, geothermal, and other industrial markets.
Revenue combines equipment sales, field services, and long-duration service agreements tied to installed machinery. Demand remains tied to customer capital spending, while complex equipment and long-term service contracts require accurate cost estimates and project execution.
Company facts
Key statistics
Year to date +32.4% · Average volume (30d) 7.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 25, 2026 | RBC Capital | Reiterate | Outperform | $71 | $76 |
| Aug 7, 2026 | Morgan Stanley | Target | $45 | $70 | |
| Jul 28, 2026 | UBS | Reiterate | Neutral | $71 | $51 |
| Jul 28, 2026 | Susquehanna | Reiterate | Positive | $70 | $72 |
| Jul 28, 2026 | Stifel Nicolaus | Target | $74 | $75 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 26, 2026Q2 FY26 | $0.51 | $0.64 | +25.2% | $6.54B | $6.74B | +3.1% | +5.83% |
| Apr 23, 2026Q1 FY26 | $0.49 | $0.58 | +17.6% | $6.34B | $6.59B | +3.9% | +6.90% |
| Jan 25, 2026Q4 FY25 | $0.67 | $0.78 | +16.8% | $7.07B | $7.39B | +4.4% | +4.40% |
| Oct 23, 2025Q3 FY25 | $0.62 | $0.68 | +10.4% | $6.83B | $7.01B | +2.6% | −3.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $6.43B | $6.91B | $7.01B | $7.39B | $6.59B | $6.74B | |
| Gross profit | $1.48B | $1.62B | $1.70B | $1.75B | $1.50B | $1.58B | |
| Operating income | $752.0M | $887.0M | $948.0M | $970.0M | $809.0M | $854.0M | |
| Net income | $402.0M | $701.0M | $609.0M | $876.0M | $930.0M | $682.0M | |
| Diluted EPS | $0.40 | $0.71 | $0.61 | $0.88 | $0.93 | $0.69 | |
| Gross margin | 23.0% | 23.4% | 24.3% | 23.7% | 22.8% | 23.4% | |
| Operating margin | 11.7% | 12.8% | 13.5% | 13.1% | 12.3% | 12.7% |
Fiscal years (4-quarter sums)FY21 $20.50B · FY22 $21.16B · FY23 $25.51B · FY24 $27.83B · FY25 $27.73B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $17.06B · Total debt $16.25B · Total assets $52.62B · Shareholders' equity $19.91B
Dividends
Raised for 37 straight years — most recently to $0.23 from $0.21 in Feb 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 7, 2026 | Aug 7 | Aug 17 | $0.23 | |
| May 5, 2026 | May 5 | May 15 | $0.23 | |
| Feb 17, 2026 | Feb 17 | Feb 27 | $0.23 | |
| Nov 4, 2025 | Nov 4 | Nov 14 | $0.23 | |
| Aug 5, 2025 | Aug 5 | Aug 15 | $0.23 | |
| May 6, 2025 | May 6 | May 16 | $0.23 | |
| Feb 11, 2025 | Feb 11 | Feb 21 | $0.23 | raised from $0.21 |
| Nov 4, 2024 | Nov 4 | Nov 14 | $0.21 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 992.67M · Float 990.32M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 99.12M | 9.98% | 13F | Aug 7, 2026 |
| JPMorgan Chase & Co | 69.94M | 7.05% | 13F | Aug 12, 2026 |
| Vanguard Capital Management LLC | 64.83M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 64.58M | 6.51% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 49.05M | 4.94% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 1, 2026 | Maria C. Borras | officer: Chief Growth & Experience Ofcr | −72,000 | $55.05 |
| Jun 22, 2026 | Lorenzo Simonelli | director, officer: Chairman, President and CEO | −181,411 | $58.43 |
| Jun 12, 2026 | Lorenzo Simonelli | director, officer: Chairman, President and CEO | −181,411 | $63.36 |
| Jun 15, 2026 | Ahmed Farhan Moghal | officer: EVP, Chief Financial Officer | −23,392 | $62.38 |
| Jun 3, 2026 | Rebecca L. Charlton | officer: SVP, Controller & CAO | −5,088 | $64.22 |
Peers
- SLB
World’s largest OFS company; rival across every OFSE product line.
- Halliburton
Second Big Three OFS peer; deepest rivalry in pressure pumping and completions.
- GE Vernova
Primary IET rival in gas turbines, power generation, and LNG turbomachinery.
- Weatherford International
Smaller fourth OFS peer competing across drilling, completions, and production.
- NOV
Drilling-equipment OEM competing with BKR OFSE on drill bits and downhole tools.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| GE Vernova | $914.10 | +0.30% | $242.88B | 26.2 | 43.5 | 5.9 | +21.9% |
| Weatherford International | $93.79 | +0.01% | $6.72B | 18.5 | 15.3 | 1.4 | −8.2% |
| NOV | $20.79 | −0.91% | $7.48B | 80.7 | 19.8 | 0.9 | −2.5% |
| Median | 26.2 | 19.8 | 1.4 | +3.7% |