Baker Hughes Co Class A

BKR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Baker Hughes Earnings: Doubling of Industrial Order Book Leads Us to Materially Raise Fair Value

Joshua Aguilar

Jul 28, 2026

Baker Hughes' second-quarter revenue fell 2% year on year to $6.74 billion, while adjusted EBITDA grew 2% on year to $1.23 billion. Earnings topped consensus estimates, but matched ours. Still, the most important figure was industrial and energy technology orders doubling year on year.

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Baker Hughes Co Class A

Baker Hughes Earnings: Doubling of Industrial Order Book Leads Us to Materially Raise Fair Value

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