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# Baker Hughes Lifts Industrial Order Goal To $50 Billion Plus As Chart Adds $888 Million Of Sales
- URL: https://www.bullished.co/baker-hughes-lifts-industrial-order-goal-to-50-billion-plus-as-chart-adds-888-million-of-503810eb/
- Published: 2026-10-27T21:22:40.000Z
- Updated: 2026-10-28T15:10:48.000Z
- Description: Revenue rose 14% to $8,025 million, while net income attributable to Baker Hughes fell 33% to $411 million.
- Author: Matteo Parrino
- Tags: Earnings, BKR, Industry: Energy

[Baker Hughes](https://www.bullished.co/tag/bkr/), the energy technology company that sells equipment and services to oil, gas, LNG and power customers, raised its [full-year order guidance](https://www.sec.gov/Archives/edgar/data/0001701605/000170160526000033/earningsreleaseex991093020.htm?ref=bullished.co) for its Industrial & Energy Technology unit to $50 billion plus, in third-quarter results reported Tuesday. Revenue climbed 14% from a year earlier, mostly on the Chart acquisition, but standard-accounting profit fell by a third.

## Sales up, profit down

Revenue came to [$8,025 million](https://www.globenewswire.com/news-release/2026/10/27/3389707/0/en/baker-hughes-announces-third-quarter-2026-results.html?ref=bullished.co), up 14% from a year earlier and 19% from the second quarter. The company said the year-over-year gain was mainly the contribution from Chart, which it bought on July 16 in an all-cash deal.

Net income attributable to Baker Hughes [fell 33% to $411 million](https://www.globenewswire.com/news-release/2026/10/27/3389707/0/en/baker-hughes-announces-third-quarter-2026-results.html?ref=bullished.co), or $0.41 per share. Other expense of $157 million was primarily transaction-related costs tied to acquisitions and disposals, and interest expense rose to $177 million from $56 million a year earlier.

On an adjusted basis, earnings were $695 million, or $0.70 per share, up 2%. Adjusted EBITDA, a measure of operating profit before interest, taxes and depreciation, rose 14% to $1,415 million. Free cash flow was $769 million, up 10% from a year earlier.

## The $50 billion order outlook

The raised target covers both the full year and the company's 2026-2028 order outlook for the industrial unit, which it ties to demand from data centers, space, LNG and gas infrastructure. The unit booked $5.9 billion in orders, its second-largest quarter, up 42% from a year earlier.

Total orders were $10,764 million, up 31%. Remaining performance obligations, the backlog of contracted work, reached $46.4 billion, including a record $39.4 billion at the industrial unit. Chart added $3.6 billion of that backlog.

CEO Lorenzo Simonelli said the demand and capacity expansions "reinforces our long-term growth outlook."

## Chart's first quarter, and the debt

Chart contributed $888 million of revenue and $156 million of segment EBITDA from the acquisition date through September 30\. It received $831 million of orders in that period.

The purchase reshaped the balance sheet. Long-term debt was $17,476 million at September 30, against $5,398 million at the end of 2025, and the company recorded $158 million of transaction-related costs. Net cash paid for acquisitions in the quarter was $14,150 million.

The oilfield services segment had revenue of $3,660 million, up 1% from a year earlier.

Management discusses the results and outlook on a conference call at 9:30 a.m. Eastern on Wednesday.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — Baker Hughes Co (BKR)](https://www.sec.gov/Archives/edgar/data/0001701605/000170160526000033/bkr-20261027.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit earningsreleaseex991093020.htm — Baker Hughes Co 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001701605/000170160526000033/earningsreleaseex991093020.htm?ref=bullished.co) — SEC EDGAR
- [Baker Hughes Announces Third-Quarter 2026 Results](https://www.globenewswire.com/news-release/2026/10/27/3389707/0/en/baker-hughes-announces-third-quarter-2026-results.html?ref=bullished.co) — globenewswire.com

### More on Baker Hughes

- [Baker Hughes CEO Sees Timing Risk, Not 'Broad-Based' Cancellations, In AI Power Backlog](https://www.bullished.co/baker-hughes-ceo-sees-timing-risk-not-broad-based-cancellations-in-ai-power-backlog-22a686c4/)
- [Baker Hughes Lifts Its Horizon 2 Equipment Order Target To More Than $50 Billion](https://www.bullished.co/baker-hughes-lifts-its-horizon-2-equipment-order-target-to-more-than-50-billion-c855b077/)

[All Baker Hughes (BKR) coverage →](https://www.bullished.co/tag/bkr/)