Baker Hughes (BKR) has seen a tariff impact of over $100 million this year, in line with its guidance provided in April, Bloomberg reported Monday, citing Chief Executive Officer Lorenzo Simonelli.

"It is an incremental pressure point, but it's something we have to manage through," Bloomberg quoted Simonelli as saying at the Energy Intelligence Forum in London.

Baker Hughes sold several gas turbines to data centers this year and plans to boost 2026 output, the report said, citing Simonelli.

In April, the company flagged a potential impact of $100 million to $200 million on its core profit this year due to tariffs.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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