GE Vernova Lifts 2026 Revenue Outlook Again on Surging Power Demand
GEV has more than doubled off its 52-week low of $530.16.
Summary
GE Vernova raised its 2026 revenue forecast for the second consecutive time, now expecting $45.5B-$46.5B, up from $44.5B-$45.5B and above the $45.45B consensus. The upgrade reflects accelerating order growth across power and electrification units, with Q2 orders hitting $24.2B. The company reported Q2 revenue of $11.1B, adjusted EBITDA of $1.25B with an 11.3% margin, and free cash flow of $5.11B. This follows major contract wins including a 1.35 GW hydropower plant, wind turbine deals, and gas turbine demand tied to AI data-center expansion. The raised guidance signals sustained revenue momentum from surging power infrastructure spending, with U.S. power consumption forecast to rise through 2027. The stock is likely to react positively to the beat-and-raise quarter.
At the time of this announcement, GEV was trading at $1,080.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $289.9B. The 52-week trading range was $530.16 to $1,195.94. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.