GE Vernova Q2 Revenue Hits $11.1B, But Shares Drop 7.5% on Tariff Fears
GEV sits 89% above its 52-week low of $530.16.
Summary
GE Vernova reported Q2 revenue of $11.1B, up 22% YoY, with net income of $649M ($2.47/share). Orders nearly doubled to $24.2B, and backlog grew $13B to $176B. The company raised full-year revenue guidance to $45.5–$46.5B and executed $2.3B in buybacks. Despite the strong numbers, shares fell ~7.5% — the market focused on a $100–$200M tariff headwind estimate for 2026 and possibly profit-taking after a big run. This follows yesterday's guidance raise headlines, adding granular quarterly data and the negative price reaction. The tariff disclosure and the sell-off are the new signals here.
At the time of this announcement, GEV was trading at $1,001.80 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $264.7B. The 52-week trading range was $530.16 to $1,195.94. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.