Baker Hughes targets Horizon 2 IET orders above $45B as it forecasts $27.35B 2026 revenue and integrates Chart
View original at seekingalpha.comBaker Hughes targets Horizon 2 IET orders above $45B as it forecasts $27.35B 2026 revenue and integrates Chart Earnings Call Insights: Baker Hughes (BKR) Q2 2026 MANAGEMENT VIEW * Chairman, President & CEO Lorenzo Simonelli framed Q2 as a quarter where “disciplined execution and the strength of our diversified portfoli…
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Q3 2026 guidance is company revenue of $6.87 billion and adjusted EBITDA of $1.205 billion, assuming Middle East activity remains broadly unchanged through year-end
60% confidenceAsked about the drivers of record IET orders and margins on recent orders
60% confidenceBaker Hughes is not providing Chart segment guidance today and will provide updated guidance ahead of Q3 earnings
60% confidenceUncertainty centers on project timing, local supply chains, Gas Tech equipment backlog conversion, and the aeroderivative supply chain; free cash strength reflected milestone and advanced payments, with working capital driving quarter-to-quarter variability
60% confidenceGAAP diluted EPS was $0.68; excluding $0.04 of adjusting items, adjusted diluted EPS was $0.64
60% confidenceOFSE revenue was $3.45 billion, EBITDA $605 million, margin 17.5%, a significantly stronger-than-anticipated quarter despite Middle East disruptions
60% confidenceData centers are one of the clearest near-term commercial opportunities with Chart, alongside actionable gas infrastructure opportunities across hydrogen, helium, CO2, nitrogen, oxygen, and longer-term adjacencies in space, geothermal and mining
60% confidenceChart will operate as Baker Hughes' third reporting segment with integration driven through 18 work streams
60% confidence