earnings
confidence high
sentiment positive
materiality 0.80
Baker Hughes Q1 net income $930M, EPS $0.93; adjusted EPS $0.58; IET orders record $4.9B
Baker Hughes Co
- Orders $8.2B, record IET orders $4.9B (book-to-bill 1.5x); RPO $36.1B, record IET RPO $33.1B.
- Revenue $6.6B (+2% YoY); net income $930M; GAAP diluted EPS $0.93, adjusted diluted EPS $0.58.
- Adj. EBITDA $1,158M (+12% YoY); operating cash flow $500M; free cash flow $210M.
- Results exceeded guidance despite Middle East disruptions; Waygate divestiture expected to generate ~$3B proceeds in 2026.