- Prev close
- $62.75
- Day range
- $61.54 – $62.84
- Next earnings
- in 74 days
Baker Hughes looks supported by a well-received Q2 update, including strong order momentum in Industrial & Energy Technology and large turbine orders, while the 0.5% move is modest versus the 1.4% S&P 500 gain and 1.8% Nasdaq 100 gain.
BKR
BAKER HUGHES CO
As of Aug 3, 2026
72/100
Looks healthyHealth ScoreWhy it moved
The stock moved +0.5%, while the S&P 500 rose 0.5% and the Nasdaq 100 rose 0.5%, so this was not a broad-market-driven move. Peers were mixed to weaker — SLB fell 0.6%, HAL fell 0.5%, NOV rose 0.5%, and AROC fell 0.5% — which points to a stock-specific response to the company’s own news rather than a clean sector trade. The primary driver was the favorable Q2 earnings backdrop and follow-through from new turbine orders, both of which reinforced idiosyncratic support even as the energy-services group was uneven.
Volatility check
This looks like ordinary volatility for a stock with beta 0.97, and the move is small relative to the company’s fundamentals and valuation. Revenue is only +0.4% YoY (TTM) and the latest quarter was -2.4% YoY, while EPS is +1.9% YoY (TTM), so growth is modest rather than explosive. Margins are solid at gross +23.6%, operating +14.0%, and net +11.2%, and the stock trades at PE 19.4, forward PE 21.9, and PEG 1.61 — a PEG of 1.61 means investors are paying 1.61× the growth rate, so some of the earnings strength is already in the price. That makes both upside and downside responses more measured than in a low-multiple name, but nothing in the numbers suggests the session reflected deterioration.
Earnings preview
The next earnings date is 2026-10-21. The facts here do not provide consensus revenue or EPS expectations for that report, so I cannot quote a street growth or margin forecast this period. What the market will be looking for is whether the company can sustain the Q2 pattern of strong order momentum in Industrial & Energy Technology, whether turbine orders like the 76 NovaLT16 gas turbines convert into backlog and revenue, and whether management can hold margins near the current gross +23.6%, operating +14.0%, and net +11.2% levels despite the latest quarter’s -2.4% YoY revenue dip. Prior-event reaction data are not given in the facts, so I won’t infer a historical pattern.
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