Baker Hughes surprises Wall Street with a strong Q2 beat, posting 31.5% higher-than-expected profit despite a 2.4% revenue dip, fueled by robust industrial orders, resilient upstream operations, and a strategic pivot toward AI-driven power demand. Their $6.74B revenue and record backlog signal momentum, while the newly acquired Chart Industries promises $325M in savings and unlocks new frontiers in data centers, gas infrastructure, and even space and mining.
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