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Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Arun Jayaram | JPMorgan | 7 | 0% |
| Scott Gruber | Citigroup | 6 | 0% |
| David Anderson | Barclays | 6 | 0% |
| Saurabh Pant | Bank of America | 5 | 0% |
| Steve Gengaro | Stifel | 4 | 0% |
| Jim West | Melius Research | 3 | 0% |
| Marc Bianchi | TD Cowen | 2 | 0% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| JPMorgan | 1 | 7 | 0% |
| Barclays | 1 | 6 | 0% |
| Citigroup | 1 | 6 | 0% |
| Bank of America | 1 |
| 5 |
| 0% |
| Stifel | 1 | 4 | 0% |
| Melius Research | 1 | 3 | 0% |
| TD Cowen | 1 | 2 | 0% |
Baker Hughes posted Q1 FY2026 with record IET orders at $4.9 billion and $33.1 billion in remaining performance obligations, as IET margins surpassed 20% with 35% EBITDA growth. Revenue grew 2.5% and EPS surged 132.5% off a depressed base. The Middle East conflict disrupted OFSE operations, Power Systems orders reached $1.4 billion, and the Waygate divestiture advanced portfolio optimization. Full-year guidance was maintained but management signaled performance tracking below midpoint.
Demand | Margin | Capex Investment | Capital Allocation | M&A | Cost Pressure | Cloud & AI | Trade Tariffs | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 2 | 1 | 2 | 1 | 1 | 1 | |
| 2025Q1 | 2 | 2 | 1 | 1 | 3 | |||
| 2025Q2 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | |
| 2025Q3 | 3 | 2 | 1 | 1 | 2 | 1 | 1 | |
| 2025Q4 | 2 | 1 | 2 | 1 | 1 | 1 | 2 | |
| 2026Q1 | 4 | 2 | 2 | 1 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 3 | 2 | 1 | 3 | 2 | 4 |
| Margin | 2 | 2 | 1 | 2 | 1 | 2 |
| Capex Investment | 1 | 1 | 1 | 2 | 2 | |
| Capital Allocation | 2 | 1 | 1 | 1 | 1 | |
| M&A | 1 | 1 | 2 | 1 | 1 | |
| Cost Pressure | 1 | 1 | 2 | 1 | 1 | |
| Cloud & AI | 1 | 1 | 1 | 2 | 1 | |
| Trade Tariffs | 3 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
BKR Baker Hughes | 6 | +2.5% | |
| HAL Halliburton | 4 | -0.3% | |
| SLB Schlumberger | 2 | +2.7% |