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Baker Hughes beats Q1 2026 guidance with $930M net income amid Middle East disruptions

Company Fundamentals
23 Apr 2026
GlobeNewsWire
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Bullish
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Baker Hughes reported strong first-quarter 2026 results, with net income rising 6% sequentially to $930 million, exceeding guidance despite Middle East challenges. Orders hit $8.16 billion, driven by Industrial & Energy Technology's record $4.9 billion, while revenue was $6.59 billion. The company advanced portfolio management with $3 billion in expected proceeds from recent divestitures, including Waygate Technologies. Baker Hughes remains confident in long-term growth amid energy security priorities and structural spending increases in upstream and infrastructure sectors.

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