Baker Hughes (BKR) Revenue — Quarter Ended Jun 30, 2024
Baker Hughes reported higher revenue for the quarter. The improvement was evident both from the immediately preceding quarter and from the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Baker Hughes reported higher revenue for the quarter. The improvement was evident both from the immediately preceding quarter and from the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.1B
Revenue reported for this quarter.
Quarter-over-quarter
+11.2%
Change from the immediately preceding quarter.
Year-over-year
+13.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$27B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $6.6B | +23.7% |
| Dec 31, 2023 | $6.8B | +15.7% |
| Mar 31, 2024 | $6.4B | +12.3% |
| Jun 30, 2024 | $7.1B | +13.0% |
Revenue performance
Revenue increased compared to the prior quarter and also rose compared to the same quarter a year ago.
Quarterly comparison
The revenue for this quarter was higher than both the preceding quarter and the same quarter one year prior, reflecting continued growth.
What to watch
The company's revenue growth remained positive on both a sequential and year-over-year basis.