From The Motley Fool · Motley Fool Transcribing · · 2m
Baker Hughes Q3 2026 Earnings Report
Baker Hughes reports record orders and AI power demand growth in Q3 2026.
In brief
Baker Hughes reports record orders and AI power demand growth in Q3 2026. Baker Hughes reported $10.8 billion in Q3 2026 orders with 31% year-over-year growth driven by AI infrastructure demand. Originally reported by The Motley Fool.
Q3 Orders
Baker Hughes reported $10.8 billion in Q3 2026 orders, representing 31% year-over-year growth.
Adjusted EBITDA
Adjusted EBITDA reached $1.42 billion, a 14% year-over-year increase.
Adjusted EPS
Adjusted EPS rose to $0.70, up 2% year-over-year.
Industrial & Energy Technology RPO
Industrial & Energy Technology RPO hit $39.4 billion, a record level with 23% year-over-year growth.
Data Center Orders
Data center orders reached $4.9 billion year to date, a 500% year-over-year increase.
Free Cash Flow
Free cash flow totaled $769 million including $200 million transaction costs from Chart acquisition.
Chart Segment Revenue
Chart segment revenue reached $888 million following acquisition close on July 16, 2026.
Industrial & Energy Technology Orders
Industrial & Energy Technology orders totaled $5.9 billion with a book-to-bill ratio of 1.7.
Oilfield Services Revenue
Oilfield Services revenue increased 6% sequentially driven by 17% growth in Middle East.
Chart Segment EBITDA Margin
Chart segment EBITDA margin targets 22% to 23% by second half of 2028.
Leverage Ratio
Leverage ratio stands at 2.5 with target reduction to less than 1.5 by second half of 2028.
Mature Asset Solutions
Mature Asset Solutions targets $3 billion revenue by 2030 with high single-digit CAGR.
Power System Orders
Power system orders target $15 billion over Horizon 2 driven by data center and distributed power.
LNG Equipment Orders
LNG equipment orders reached $4 billion year to date with potential to reach $5 billion in 2026.
Backlog Conversion
33% of combined Gas Technology Equipment and Climate Technology Solutions backlog converts to revenue in 2027.
Total Addressable Market
Total addressable market expanded to $400 billion plus following Chart acquisition.
The big picture
Baker Hughes reported $10.8 billion in Q3 2026 orders with 31% year-over-year growth driven by AI infrastructure demand.
