BKR Q3 Earnings Beat Estimates on Strong IET Growth & Chart Gains

Baker Hughes (BKR) beat Q3 2026 earnings expectations with adjusted EPS of 70 cents and revenues of $8.03 billion, driven by strong Industrial and Energy Technology (IET) orders that surged 42% to $5.89 billion. The company raised its full-year IET orders outlook to $21.5-$23.5 billion and targets over $50 billion in cumulative orders through 2028, though GAAP profitability declined due to acquisition-related costs and higher debt from the Chart acquisition.