GE Vernova boosts FY free cash flow outlook by up to $2B, raises revenue guidance on Q1 beat
Summary
GE Vernova reported strong first-quarter results, with revenue of $9.30 billion slightly exceeding analyst estimates of $9.22 billion, driven by 16% revenue growth and robust 71% organic order growth across all segments. More significantly, the company substantially raised its full-year 2026 guidance. It now expects FY26 revenue of $44.5-$45.5 billion (up from $44-$45 billion), adjusted EBITDA margin of 12%-14% (up from 11%-13%), and a notable increase in free cash flow to $6.5-$7.5 billion (up from $5.0-$5.5 billion). This significant guidance raise, particularly for free cash flow, indicates strong underlying business momentum, especially in its electrification segment driven by data center demand. This positive update provides a strong catalyst for the stock, reinforcing its growth narrative and potentially supporting its valuation near 52-week highs. Traders will be watching for continued execution on these elevated targets and sustained order growth.
At the time of this announcement, GEV was trading at $1,045.36 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $266.5B. The 52-week trading range was $306.21 to $1,016.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.