The financials
Baker Hughes by the numbers
Baker Hughes (BKR) reported revenue of $6.59B in Q1 2026 (quarter ended March 31, 2026), up 2.5% from the same quarter a year earlier. That came with net income of $930M (14% of revenue). For the full year FY2025, revenue was $27.7B (−0.3% year on year) and net income $2.59B. Its largest product in 2026-Q2 was Gas Technology Equipment at $1.52B, 23% of the disclosed total, just ahead of Production Solutions at 14%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $6.59B | $6.43B | +2.5% |
| Net income | $930M | $402M | +131% |
| Product | Revenue | Share |
|---|---|---|
| Gas Technology Equipment | $1.52B | 23% |
| Production Solutions | $930M | 14% |
| Well Construction | $899M | 14% |
| Gas Technology Services | $831M | 13% |
| Industrial Technology | $731M | 11% |
| Subsea And Surface Pressure Systems | $678M | 10% |
| Industrial Products | $549M | 8.4% |
| Climate Technology Solutions | $205M | 3.1% |
| Industrial Solutions | $182M | 2.8% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q2 2026Total $6.53B (+2.3%)
Climate Technology Solutions grew +31% year on yearIndustrial Solutions -33% year on year
Segment Latestquarter on quarteryear on year
- Gas Technology Equipment$1.52B$1.52BQoQ -8.5%year on year -6.2%-8.5%-6.2%
- Production Solutions$930.0M$930.0MQoQ +3.6%year on year -3.9%+3.6%-3.9%
- Well Construction$899.0M$899.0MQoQ +6.6%year on year -2.4%+6.6%-2.4%
- Gas Technology Services$831.0M$831.0MQoQ +5.1%year on year +11%+5.1%+11%
- Industrial Technology$731.0M$731.0MQoQ +8.1%year on year -3.9%+8.1%-3.9%
- Subsea And Surface Pressure Systems$678.0M$678.0MQoQ +11%year on year -15%+11%-15%
- Industrial Products$549.0M$549.0MQoQ +12%year on year +13%+12%+13%
- Climate Technology Solutions$205.0M$205.0MQoQ -6.0%year on year +31%-6.0%+31%
- Industrial Solutions$182.0M$182.0MQoQ -1.6%year on year -33%-1.6%-33%
Oil & Gas Equipment & Services
Ranks #2 of 27 by Smart Score