Strong Q2 Performance: Baker Hughes reported adjusted EBITDA of $1.21 billion for Q2 2025, reflecting a 7% year-over-year increase and a 170 basis point improvement in margins. This marks the 10th consecutive quarter of meeting or exceeding EBITDA guidance, demonstrating strong operational execution despite market challenges.

Order Growth and Backlog: Total bookings for the second quarter reached $7 billion, with $3.5 billion attributed to Industrial & Energy Technology (IET). The IET backlog surged to a record $31.3 billion, reinforcing a positive growth outlook, especially in areas such as gas infrastructure and data center solutions, where significant orders were received amounting to over $650 million year-to-date.

Portfolio Optimization Transactions: The company announced three strategic transactions including divesting non-core assets for around $1.5 billion and acquiring Continental Disc Corporation for $540 million. These moves aim to enhance profitability and create long-term growth opportunities by reallocating capital into higher-margin segments.