Filing Flows › Baker Hughes (BKR) › Q2 2026 › vs Q1 2026
Baker Hughes (BKR) Q2 2026 vs Q1 2026 (quarter over quarter)
Baker Hughes's revenue rose $155M (+2%) from $6.6B in Q1 2026 to $6.7B in Q2 2026. The biggest changes: Sales of services +$220M (+10%); Sales of goods −$65.0M (-1%). Operating margin 13.2% against 19.3% (-6.1 pts).
Baker Hughes, Q2 2026: revenue $6.7B (-2% year over year), operating margin 13.2%, net earnings $681M, operating cash flow $1.3B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.2% | 19.3% | -6.1 pts |
| Net margin | 10.1% | 14.1% | -4.0 pts |
| Free cash flow margin | 15.5% | 2.5% | +13.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Sales of goods | $4.3B | $4.4B | −$65.0M | -1% |
| Sales of services | $2.5B | $2.2B | $220M | +10% |
| Revenue | $6.7B | $6.6B | $155M | +2% |
| Operating profit | $892M | $1.3B | −$382M | -30% |
| Costs & expenses | $5.8B | $5.3B | $537M | +10% |
| Pre-tax earnings | $892M | $1.3B | −$382M | -30% |
| Research & development | $143M | $133M | $10.0M | +8% |
| SG&A | $569M | $562M | $7.0M | +1% |
| Other operating costs | $5.1B | $4.6B | $520M | +11% |
| Net earnings | $681M | $930M | −$249M | -27% |
| Minority interests | $1.0M | $8.0M | −$7.0M | -88% |
| Income tax | $210M | $336M | −$126M | -38% |
| Depreciation & amortization | $333M | $354M | −$21.0M | -6% |
| Share-based compensation | $57.0M | $45.0M | $12.0M | +27% |
| Working capital & other | $274M | −$829M | $1.1B | — |
| Operating cash flow | $1.3B | $500M | $845M | +169% |
| Free cash flow (OCF − capex) | $1.0B | $164M | $881M | +537% |
| Capital expenditures | $300M | $336M | −$36.0M | -11% |
Questions
How much did Baker Hughes's revenue grow quarter over quarter in Q2 2026?
Baker Hughes's revenue rose $155M (+2%) from $6.6B in Q1 2026 to $6.7B in Q2 2026.
What drove Baker Hughes's revenue change in Q2 2026?
Sales of services +$220M (+10%); Sales of goods −$65.0M (-1%).