Filing Flows › Baker Hughes (BKR) › Q1 2026
Baker Hughes (BKR) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 24, 2026
Baker Hughes (BKR) reported revenue of $6.6B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before. Operating margin was 19.3%, net earnings $930M (14.1% of revenue).
Baker Hughes, Q1 2026: revenue $6.6B (+2% year over year), operating margin 19.3%, net earnings $930M, operating cash flow $500M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6B | -11% | +2% |
| Operating profit | $1.3B | +141% | +127% |
| Net earnings | $930M | +6% | +131% |
| Operating cash flow | $500M | -70% | -29% |
| Free cash flow | $164M | -87% | -60% |
What changed
Revenue was $6.6B in Q1 2026, up 2% year over year and down 11% from the previous quarter. Sales of goods was the largest line at 66% of revenue. Sales of goods added $0.21B year over year (up 5%), 133% of the total change. Sales of services declined 2%.
Operating profit was $1.3B, a 19.3% margin (up 10.6 points year over year). Of the extra revenue versus Q1 2025, 446% reached operating profit, above the 9% margin then. Total costs fell 9% while revenue rose 2%. Net earnings were $0.93B, up 131% year over year. The effective tax rate was 26.4%.
Operating cash flow was $0.50B (down 29% year over year), 53% of net earnings. Non-cash charges added back $0.35B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.84B. Capital expenditures of $0.34B left free cash flow of $0.16B.
Questions
What was Baker Hughes' revenue in the first quarter 2026?
Baker Hughes (BKR) reported revenue of $6.6B for the first quarter 2026 (Q1 2026), +2% from a year earlier and -11% from the quarter before.
Was Baker Hughes profitable in the first quarter 2026?
Operating profit was $1.3B (19.3% of revenue) and net earnings $930M.
Source: Baker Hughes 10-Q on SEC EDGAR.