The company said revenue for Q1 2026 was $6.6 billion, up $0.2 billion (2%) from Q1 2025. IET revenue rose $0.4 billion (14%), while OFSE revenue fell $0.3 billion (7%).

1. 01

   The company said revenue for Q1 2026 was $6.6 billion, up $0.2 billion (2%) from Q1 2025. IET revenue rose $0.4 billion (14%), while OFSE revenue fell $0.3 billion (7%).

2. 02

   Baker Hughes said net income for Q1 2026 was $0.9 billion, up $0.5 billion from Q1 2025. It cited net gains on sale from the PSI and SPC dispositions as contributing factors. The company also said other income rose $728 million, mainly related to gains of $721 million on business dispositions.

3. 03

   The company said it completed an offering of $6.5 billion of USD-denominated notes and €3.0 billion of Euro-denominated notes on March 11, 2026, and that as a result it terminated the Bridge Facility entered into on July 28, 2025. It said it expects to close the Chart acquisition in Q2 2026, while regulatory reviews are still underway in certain jurisdictions.

4. 04

   Baker Hughes said cash and cash equivalents rose to $14.8 billion as of March 31, 2026, from $3.7 billion as of December 31, 2025. For Q1 2026, cash flows from operating activities were $500 million, investing activities $1,038 million, and financing activities $9,523 million.

Key figures

Quarter ended March 31, 2026

Revenue

$6.6B

Net income

$930M

Operating cash flow

$500M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.