Baker Hughes Raises 2026 Outlook on Record Q2 Orders

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1. 1Baker Hughes (BKR) raised its 2026 IET segment order outlook alongside its second-quarter results.
2. 2Total Q2 orders came in at $10.5 billion, up 49% year-over-year, while IET orders more than doubled to $7.1 billion, reaching an all-time high.
3. 3Revenue was $6.74 billion and adjusted EBITDA was $1.23 billion, exceeding the high end of guidance.

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