BKR · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue fell 2.4% y/y to $6.74B, operating margin 12.7% vs 12.8%, net income $681M (−2.9% y/y).
Net income attributable to Baker Hughes Company
$681M
down 2.9% y/y
Revenue
$6,742M
down 2.4% y/y
Operating income (calculated)
$854M
down 3.7% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenue | $6,742 · −2.4% |
| Cost of revenue | $5,165 · −2.5% |
| Selling, general and administrative | $569 · +0.4% |
| Research and development costs | $143 · −11.2% |
| Restructuring | $11 · vs $0 |
| Operating income (calculated) | $854 · −3.7% · 12.7% margin |
| Other (income) expense, net | $104 · −22.4% |
| Interest expense, net | $66 · +22.2% |
| Income before income taxes | $892 · −7.8% |
| Provision for income taxes | $210 · −18.0% · 23.5% effective rate |
| Less: Net income attributable to noncontrolling interests | $1 · −90.0% |
| Net income attributable to Baker Hughes Company | $681 · −2.9% · $0.68/sh · 10.1% margin |
Verdict: revenue fell 2.4% y/y to $6.74B, operating margin 12.7% vs 12.8%, net income $681M (−2.9% y/y).
Source and notation
Source: Baker Hughes press release, 8-K EX-99.1 of 07/27/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL. Operating income is calculated (revenue less costs and operating expenses): the release does not report it.
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<figure> <a href="https://whoreportstoday.com/t/bkr/q2-2026"><img src="https://whoreportstoday.com/t/bkr/q2-2026/sankey.png" alt="BKR Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/bkr/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/bkr/q2-2026">BKR Q2 2026 earnings chart (Who Reports Today)</a>
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- Operating income was $854M, a 12.7% margin vs 12.8% a year earlier.
- The effective tax rate was 23.5% vs 26.5% a year earlier.
- Diluted EPS was $0.68 vs $0.71 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
BKR — an energy technology company working in over 120 countries that provides oilfield services and equipment for drilling, well completion and production, and supplies gas turbines, compressors, LNG equipment, power and industrial technology.
It reports two segments: Oilfield Services & Equipment, and Industrial & Energy Technology. · Source: annual report (Form 10-K, SEC)
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