Filing Flows › Baker Hughes (BKR) › Q3 2026 › vs Q3 2025
Baker Hughes (BKR) Q3 2026 vs Q3 2025 (year over year)
Baker Hughes's revenue rose $1.0B (+14%) from $7.0B in Q3 2025 to $8.0B in Q3 2026. The biggest changes: Chart +$888M (—); IET +$103M (+3%); OFSE +$24.0M (+0.7%). Operating margin 6.5% against 11.7% (-5.2 pts).
Baker Hughes, Q3 2026: revenue $8.0B (+14% year over year), operating margin 6.5%, net earnings $411M, operating cash flow $1.0B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 6.5% | 11.7% | -5.2 pts |
| Net margin | 5.1% | 8.7% | -3.6 pts |
| Free cash flow margin | 9.1% | 9.0% | +0.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| OFSE | $3.7B | $3.6B | $24.0M | +0.7% |
| IET | $3.5B | $3.4B | $103M | +3% |
| Chart | $888M | $0 | $888M | — |
| Revenue | $8.0B | $7.0B | $1.0B | +14% |
| Operating profit | $519M | $821M | −$302M | -37% |
| Costs & expenses | $7.5B | $6.2B | $1.3B | +21% |
| Pre-tax earnings | $519M | $821M | −$302M | -37% |
| Research & development | $150M | $146M | $4.0M | +3% |
| SG&A | $732M | $597M | $135M | +23% |
| Other operating costs | $6.6B | $5.4B | $1.2B | +22% |
| Net earnings | $411M | $609M | −$198M | -33% |
| Minority interests | $11.0M | $8.0M | $3.0M | +38% |
| Income tax | $97.0M | $204M | −$107M | -52% |
| Depreciation & amortization | $505M | $282M | $223M | +79% |
| Share-based compensation | $57.0M | $51.0M | $6.0M | +12% |
| Working capital & other | $32.0M | −$13.0M | $45.0M | — |
| Operating cash flow | $1.0B | $929M | $76.0M | +8% |
| Free cash flow (OCF − capex) | $734M | $634M | $100M | +16% |
| Capital expenditures | $271M | $295M | −$24.0M | -8% |
Questions
How much did Baker Hughes's revenue grow year over year in Q3 2026?
Baker Hughes's revenue rose $1.0B (+14%) from $7.0B in Q3 2025 to $8.0B in Q3 2026.
What drove Baker Hughes's revenue change in Q3 2026?
Chart +$888M (—); IET +$103M (+3%); OFSE +$24.0M (+0.7%).