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Baker Hughes BKR Sales of services — Costs
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Where this comes from
Reported directly by Baker Hughes in its filing.
Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.
The source filing: Baker Hughes’s 10-Q, filed July 27, 2026.
- Filed
- Jul 27, 2026, 4:12 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001701605-26-000023
| (In millions, except per share amounts) | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|---|---|
| Total revenue | 6,742 | 6,910 | 13,329 | 13,337 |
| Costs and expenses: | ||||
| Cost of goods sold | 3,315 | 3,602 | 6,744 | 6,932 |
| Cost of services sold | 1,850 | 1,693 | 3,502 | 3,315 |
| Selling, general and administrative | 569 | 567 | 1,131 | 1,144 |
| Research and development costs | 143 | 161 | 277 | 307 |
| Restructuring | 11 | — | 50 | — |
| Other (income) expense, net | (104) | (134) | (691) | 6 |
ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)
FAQ
- What is Baker Hughes's sales of services — costs?
- Baker Hughes (BKR) reported sales of services — costs of $1.85B in Q2 2026.
- How has Baker Hughes's sales of services — costs changed year-over-year?
- Baker Hughes's sales of services — costs increased by 9.3% year-over-year, from $1.69B to $1.85B.
- What is the long-term trend for Baker Hughes's sales of services — costs?
- Over 4 years (2021 to 2025), Baker Hughes's sales of services — costs has grown at a 3.2% compound annual growth rate (CAGR), from $6B to $6.8B.
- What does sales of services — costs mean?
- This metric captures the direct and allocated costs associated with delivering the company's service-based offerings, including labor, field equipment maintenance, and specialized materials. It serves as a primary measure of operational efficiency and the cost-to-serve for the service segment. Monitoring this helps evaluate the profitability of service contracts and the impact of operational overhead on margins.
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