Baker Hughes reports Q3 2026 revenue growth amid Middle East disruptions

Baker Hughes reported third-quarter 2026 revenue of $8.025 billion, a 14.5% increase compared to the same period last year. The company attributed this growth primarily to the acquisition of Chart, which delivered broad-based orders across its customer base.

Despite the revenue rise, net income attributable to the company declined by 32.5% year-on-year to $411 million. However, adjusted net income increased by 2.5% to $695 million, and adjusted EBITDA rose 14.3% to $1.415 billion. Total orders for the quarter reached $10.764 billion, up 31.2% from the previous year.

The results reflect challenges posed by ongoing conflict in the Middle East, a region from which Baker Hughes derives nearly 40% of its revenue. The company noted that Middle East and Asia revenue fell to $1.26 billion from $1.45 billion a year ago. Ongoing instability has impacted demand for services and equipment, leading to project delays and margin pressures. Additionally, the company lowered its annual revenue forecast for the Chart segment to $1.99 billion from a previous estimate of $2.05 billion, citing timing of LNG equipment volumes and soft hydrogen demand.