News · Baker Hughes Company (BKR) · Energy

Baker Hughes rises 5.3% after quarterly results beat estimates

Session of October 27, 2026 · Published October 28, 2026 · 4 min read

What happened

Baker Hughes (BKR) rose 5.3% on October 27, 2026, after third-quarter results topped estimates, driven by stronger-than-expected commercial orders and a large AI-related equipment win. The stock closed at $59.00. Trading volume was 2.2 times its 20-day average and the S&P 500 rose 0.6% that day.

Closing price over the last 30 trading sessions. On October 27, 2026, BKR closed at $59.00, up 5.3% on the day and 4.8% higher than 30 sessions earlier.

How big was the move

The one-day gain was 2.7 times a typical daily move for the stock and 5.0 percentage points better than the Energy sector median, which rose 0.3% on the day. Over the last five sessions the stock rose 6.0% while the S&P 500 rose 0.1%. The stock’s market sensitivity is a beta of 0.85, meaning the stock tended to move less than the market.

Each bar is one day's price change; the outlined bar is October 27, 2026. A typical daily move over the past year was 2.1%, so the latest move equals 2.6 times that. Moves outside the dashed lines (about 4.2%) are unusual.

In the past five years the stock had 18 sessions with a gain of at least 5.3%. Twenty trading days later the median result was a gain of 0.9%, and 9 of 18 were higher. The session’s above-normal volume underscored investor interest in the company’s quarterly disclosures.

The technical picture

The stock was 5.4% above its 20-day moving average and 0.6% above its 50-day moving average, while it remained 1.9% below its 200-day moving average. The 50-day average was below the 200-day average, a sign of a weak longer-term trend. Relative Strength Index (14 days) registered 59, in a neutral range between 30 and 70, and the stock was 16.2% below the 52-week high.

Closing price over the past year. BKR ends the period 15.3% below its 52-week high, above its 50-day average ($58.68) and below its 200-day average ($60.16).

Shorter-term momentum was positive: the stock rose 3.3% over one month and 0.5% over three months. Over one year the stock rose 24.7%, putting it 11.0 percentage points ahead of the S&P 500. Volatility annualized over 60 days was 31%, lower than 59% of its own readings over five years.

Fundamentals and valuation

For the four quarters through September 30, 2026, revenue was $28.74 billion, which grew 3.7% from a year earlier. Diluted earnings per share were $2.91, which rose 0.3% from a year earlier. Gross margin improved to 23.5% from 22.8% a year earlier, and operating margin was 12.8% versus 12.7% a year earlier.

Quarterly revenue by period end. The latest quarter brought $8.0B, 14.5% more than the same quarter a year earlier.

Free-cash-flow margin stood at 12.2% and return on invested capital was 9.2%. The balance sheet showed net debt of 2.9 times EBITDA, and share count over one year increased by 0.6%. Market value was $55.45 billion as of the session.

Valuation stood at 20.3 times trailing earnings and 21.9 times expected earnings, with a free-cash-flow yield of 6.3%. The price to trailing earnings was higher than 62% of its own readings over the past five years; the five-year median was 19.3 times earnings.

Earnings and analyst expectations

Baker Hughes reported on October 27, 2026, earnings per share of $0.70 against $0.61 expected, 14.8% above estimates, extending a run of beats to 15 consecutive quarters. The company’s average surprise over the last four reports was 19.2% above estimates. Typical two-day reactions after recent reports saw the stock rise 3.4%.

Diluted earnings per share by quarter. The latest quarter shows $0.41, against $0.61 in the same quarter a year earlier.

Analysts’ consensus price target was $73.67, 24.9% above the closing price, based on 45 analysts with a consensus rating of Buy. Sixty-seven percent of analysts rate the stock Buy or Strong Buy.

News accompanying the results showed mixed profit metrics. Reuters and Zacks Investment Research reported GAAP profit of $411 million, or $0.41 per share, down from $609 million, or $0.61 a year earlier. The outlets said the company cited weaker demand in the Middle East as a factor weighing on oilfield services performance.

Those GAAP figures contrasted with the company’s adjusted EPS beat, highlighting differing profitability measures for the quarter. GlobeNewsWire reported commercial metrics that showed strength: Orders of $10.8 billion and RPO of $46.4 billion, including record IET RPO of $39.4 billion.

GlobeNewsWire also said a major U.S. technology company placed a large order for integrated power generation and cooling equipment to support approximately 1.1 gigawatts of high-density AI compute, including turbines, generators, gearboxes and a substantial order for Chart dry coolers.

The company’s board declared a quarterly cash dividend of $0.23 per share, payable on November 20, 2026, to holders of record on November 10, 2026, GlobeNewsWire reported.

What to watch

Third-quarter metrics: Orders of $10.8 billion and RPO of $46.4 billion, including record IET RPO of $39.4 billion (reported by GlobeNewsWire).
GAAP profit of $411 million, or $0.41 per share, versus $609 million, or $0.61, a year earlier, and the company’s note on weaker Middle East demand (reported by Reuters and Zacks Investment Research).
The large order for integrated power generation and cooling equipment to support approximately 1.1 gigawatts of high-density AI compute (reported by GlobeNewsWire).
The declared quarterly cash dividend of $0.23 per share, payable on November 20, 2026, to holders of record on November 10, 2026 (reported by GlobeNewsWire).

Full BKR analysis: scores, chart and financials →