Baker Hughes updated its fiscal 2026 outlook and long-term targets, projecting higher revenue and EBITDA, largely driven by the acquisition of Chart Industries. The company anticipates significant market expansion and margin improvements through Chart's integration, despite some near-term acquisition-related costs.
Baker Hughes (BKR) has provided an updated fiscal 2026 outlook and longer-term targets, highlighting the strategic benefits of its acquisition of Chart Industries. The company now projects higher revenue and adjusted EBITDA for 2026, with Chart expected to contribute significantly to these figures. This is a positive development for BKR, as it outlines a clear path to increased market share and profitability, expanding its serviceable addressable market to $57 billion by 2030. While there are near-term costs associated with the acquisition, the long-term outlook suggests substantial value creation through cost synergies and commercial opportunities, making this a significant catalyst for the stock.