Baker Hughes beats Q2 estimates, sees AI demand lifting IET

Baker Hughes beats Q2 estimates, sees AI demand lifting IET

Baker Hughes reported Q2 EPS of $0.63, beating estimates, as data center-related orders surged. About $500M in new orders were tied to AI-driven power demand, offsetting weakness in oilfield activity. Revenue hit $6.9 billion, topping forecasts. The firm expects IET growth to counter upstream softness.

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