Baker Hughes Company (BKR) Revenue by Segment

Baker Hughes revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Baker Hughes's largest business segment was Oilfield Services and Equipment, with $3.45 billion or 51% of revenue, down 4.6% from a year earlier. Next: Industrial and Energy Technology (49%).

By product or service, Product brought in 64% and Service brought in 36% of revenue in Q2 fiscal 2026.

By region, Non-US brought in 76% and United States brought in 24% of revenue in Q3 fiscal 2022.

The fastest-growing business segment from a year earlier was Industrial and Energy Technology (-0.1%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

Baker Hughes Company

BKREnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Oilfield Services and EquipmentIndustrial and Energy TechnologyTurbomachinery and Process SolutionsOilfield EquipmentDigital Solutions

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before	Trend
Oilfield Services and Equipment	USD 3.45B	51.2%	-4.6%
Industrial and Energy Technology	USD 3.29B	48.8%	-0.1%

Sum of items USD 6.74B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Oilfield Services and Equipment	3.5B	3.2B	3.6B	3.6B	3.6B	3.5B	3.9B	4.0B	4.0B	3.8B	4.0B	4.0B	3.9B	3.6B	3.6B	3.4B	3.2B	3.0B	–	2.4B	2.4B	2.2B	–	2.3B	2.4B	3.1B	3.3B	3.3B	3.3B	3.0B	3.1B	3.0B	2.9B	2.7B	–	2.7B
Industrial and Energy Technology	3.3B	3.4B	3.8B	3.4B	3.3B	2.9B	3.5B	2.9B	3.1B	2.6B	2.9B	2.7B	2.4B	2.1B	2.3B	2.0B	–	1.8B	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Turbomachinery and Process Solutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.8B	–	–	1.6B	1.6B	1.5B	–	1.5B	1.2B	1.1B	1.6B	1.2B	1.4B	1.3B	1.8B	1.4B	1.4B	1.5B	–	1.4B
Oilfield Equipment	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	603.0M	637.0M	628.0M	–	726.0M	696.0M	712.0M	765.0M	728.0M	693.0M	735.0M	729.0M	631.0M	617.0M	664.0M	–	613.0M
Digital Solutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	510.0M	520.0M	470.0M	–	503.0M	468.0M	489.0M	659.0M	609.0M	632.0M	592.0M	691.0M	653.0M	662.0M	598.0M	–	614.0M

Baker Hughes revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Oilfield Services and Equipment	$3.5B	$3.2B	$3.6B	$3.6B	51%
Industrial and Energy Technology	$3.3B	$3.4B	$3.4B	$3.3B	49%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Baker Hughes revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Product	$4.3B	$4.4B	$4.6B	$4.5B	64%
Service	$2.5B	$2.2B	$2.4B	$2.4B	36%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Baker Hughes revenue by region, last 4 quarters

Region	Q3 FY22	Q2 FY22	Q1 FY22	Q3 FY21	Share
Non-US	$4.1B	$3.8B	$3.7B	$3.9B	76%
United States	$1.3B	$1.2B	$1.1B	$1.2B	24%

In USD, fiscal quarters as reported; share = part of Q3 FY22 revenue.

Questions and answers

What are Baker Hughes's business segments?

Oilfield Services and Equipment and Industrial and Energy Technology (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Baker Hughes?

Oilfield Services and Equipment: $3.45 billion, or 51% of revenue, in Q2 fiscal 2026.

What are Baker Hughes's main products and services?

By revenue in Q2 fiscal 2026: Product (64%) and Service (36%).

Where does Baker Hughes make its money?

By region in Q3 fiscal 2022: Non-US (76%) and United States (24%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.