Baker Hughes Q1 EPS $0.51, $6.4B Revenue; 350MW Data Center Contract; Warns Tariffs May Cut Profit $100M-$200M

Baker Hughes reported its first-quarter 2025 financial results, posting adjusted earnings per share of $0.51 and revenue of $6.4 billion. The company highlighted strong order momentum in its Industrial and Energy Technology segments, including a 350-megawatt contract for data center power solutions, indicating strategic growth in emerging sectors. However, Baker Hughes warned of a potential decline in global upstream spending, expecting a high single-digit decrease in 2025 overall and a low double-digit drop in North American upstream spending excluding Mexico. Additionally, the company anticipates that tariffs could reduce its full-year 2025 net profit by $100 million to $200 million, reflecting challenges from trade policies and market volatility impacting demand.