Order Growth

Baker Hughes ended 2025 with flat revenue but a strong order book, driven by record orders in its Industrial & Energy Technology (IET) segment. The company achieved significant free cash flow and expects continued growth in IET, offsetting a weaker Oilfield Services & Equipment (OFSE) segment. This strategic focus positions Baker Hughes for enhanced durability and profitability.

Cisco (CSCO) shares jumped after reporting strong Q1 2026 results, exceeding revenue and EPS expectations. Revenue grew 8% year-over-year to $14.88 billion, driven by double-digit order growth fueled by AI-related demand. Cisco highlighted a “deepening” relationship with clients and a campus networking refresh cycle. While security revenue declined, the company projects strong Q2 2026 revenue of $15-$15.2 billion. Cisco is benefiting from the AI infrastructure boom with significant orders from hyperscalers, positioning itself as an AI play with improving subscription revenue.