Form10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarterly period ended June30, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period from_________to__________Commission File Number 1-38143Baker Hughes Company (Exact name of registrant as specified in its charter) 81-4403168 (I.R.S. Employer Identification No.) (State or other jurisdictionof incorporation or organization) 575 N. Dairy Ashford Rd., Suite 100Houston, Texas77079-1121(Address of principal executive offices)(Zip Code) Registrant's telephone number, including area code: (713)439-8600 Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)hasbeen subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer" "smaller reporting company," and "emerging growth company" in Rule12b-2 of the Exchange Act. (Check one): Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑ As of July23, 2026, the registrant had outstanding 992,674,071 shares of Class A Common Stock, $0.0001 par value per share. Baker Hughes CompanyTable of Contents Item 1.Financial Statements (Unaudited)Condensed Consolidated Statements of Income (Unaudited) - Three and six months ended June30, 2026 and 20251Condensed Consolidated Statements of Comprehensive Income (Unaudited) - Three and sixmonths ended June 30, 2026 and 20252Condensed Consolidated Statements of Financial Position (Unaudited) - June 30, 2026 andDecember 31, 20253Condensed Consolidated Statements of Changes in Equity (Unaudited) - Three and six monthsended June 30, 2026 and 20254Condensed Consolidated Statements of Cash Flows (Unaudited) - Six months ended June 30,2026 and 20256Notes to Unaudited Condensed Consolidated Financial Statements7Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk39Item 4.Controls and Procedures39PART II -OTHER INFORMATIONItem 1.Legal Proceedings40Item 1A.Risk Factors40Item 2.Unregistered Sales of Equity Securities and Use of Proceeds40Item 3.Defaults Upon Senior Securities40Item 4.Mine Safety Disclosures40Item 5.Other Information40Item 6.Exhibits40Signatures43 Baker Hughes CompanyCondensed Consolidated Statements of Income(Unaudited) Baker Hughes CompanyCondensed Consolidated Statements of Comprehensive Income(Unaudited) Baker Hughes CompanyCondensed Consolidated Statements of Financial Position(Unaudited) Baker Hughes CompanyCondensed Consolidated Statements of Changes in Equity(Unaudited) Baker Hughes CompanyCondensed Consolidated Statements of Cash Flows(Unaudited) Baker Hughes CompanyNotes to Unaudited Condensed Consolidated Financial Statements NOTE 1. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF THE BUSINESS Baker Hughes Company ("Baker Hughes," "the Company," "we," "us," or "our") is an energy technology company with adiversified portfolio of technologies and services that span the energy and industrial value chain. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements of the Company have been prepared inaccordance with accounting principles generally accepted in the United States of America ("U.S.") and pursuant to the rulesand regulations of the Securities and Exchange Commission for interim financial information. Accordingly, certain informationand disclosures normally included in the Company's annual financial statements have been condensed or omitted. Therefore,these unaudited condensed consolidated financial statements should be read in conjunction with the Company's auditedconsolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December31,2025 (the "2025 Annual Report"). In the opinion of management, the condensed consolidated financial statements reflect all adjustments (consisting ofnormal recurring adjustments) consi