GE Vernova Orders Surge 88% to Record $24.2 Billion on Data Center Demand
GE Vernova reported a record $24.2 billion in second-quarter orders, an 88% increase, fueled by demand for gas turbines and power equipment supporting artificial intelligence data centers. Revenue rose 22% to $11.1 billion, surpassing estimates, and the order backlog climbed to $176 billion.
The company reported adjusted earnings per share of $2.47, missing the $3.01 estimate, and the wind segment is projected to post a $400 million loss in 2026. Management raised full-year revenue guidance to $45.5 billion to $46.5 billion, but shares fell in premarket trading following the earnings miss.
From the sources (13 posts)
@financialjuice$GEV GE Vernova Q2 Earnings EPS $2.47 vs. $1.86 y/y Rev. $11.10B, est. $10.82B Adj. EBITDA $1.25B, est. $1.29B Net income $649M, +32% y/y Gas power backlog, slot reservations grew to 116GW
@wallstengine$GEV Q2’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $11.10B (Est. $10.7B) 🟢; +22% YoY 🔹 Orders: $24.2B; +88% organic 🔹 Backlog: $176B; +$13B QoQ 🔹 Data Center Orders: Over $5B YTD, more than double 2025 total FY Guide: 🔹 Revenue: $45.5B-$46.5B (Est
@stockmktnewzGE VERNOVA $GEV JUST REPORTED EARNINGS EPS of $2.47 missing expectations of $3.10 Revenue of $11.1B beating expectations of $10.8B GEV raised its full year 2026 guidance up to ~$46B from $45B
@firstsquawkGE Vernova Q2 2026 Earnings -EPS $2.47 VS. $1.86 Y/Y -Adj. EBITDA $1.25b (Est $1.29B) -Rev $11.10B (est $10.73 B) -FY Revenue $45.5 B - $46.5 B (Est $45.45 B) -Sees FY Adj FCF $11.5B To $12.5B, Saw $6.5B To $7.5B -Expect To Have At Le
@wallstengine$GEV shares are now lower after Q2 EPS missed expectations, even as the broader print showed strong demand and cash generation The main weak spot remains Wind, where revenue fell 10% & segment EBITDA loss widened to $275M on lower Onsh
@alphasenseinc$GEV Earnings: - Revenue of $11.1B, +22%, +12% organically led by Power and Electrification - Net income of $0.6B; net income margin of 5.8% - Adjusted EBITDA of $1.2B; adjusted EBITDA margin of 11.3%, up +340 basis points organically - Or
@thetranscript_GE Vernova CEO: "With a backlog of $176B, continued revenue growth and margin expansion, and significant free cash flow generation, GE Vernova’s momentum is building & we are raising our 2026 financial guidance $GEV: -4% Pre-Market htt
@stockmktnewzGE Vernova $GEV brought in $11.1B of revenue last quarter, up from $9.1B in the same quarter last year
@fiscal_aiGE Vernova now has $176B in Remaining Performance Obligations, up 37% YoY. "The long-cycle electric power industry is in the early stages of a multi-decade growth opportunity" $GEV
@stocksavvyshay$GEV now holds $176B in RPO (+37% YoY) with 116 GW of gas turbine backlog and reservations effectively filling capacity through 2027. Management says the power industry is only in the “early stages of a multi-decade growth opportunity,” wh
@businessGE Vernova’s shares slid after a higher revenue outlook failed to impress investors, a sign that it’s getting harder for companies that sell equipment to data centers to meet the market’s sky-high hopes
@oilandenergyGE Vernova's AI-driven power boom is accelerating. Q2 orders surged 88% to a record $24.2 billion, while data center orders topped $5 billion this year alone. Wind remains the weak spot, with losses expected to reach $400 million in 2026. #
@snipy_inGE Vernova's Q2 order growth jumps 88% to $24.2 billion → Revenue up 22% to $11.1 billion, beating $10.7 billion estimate → Backlog hits $176 billion, up from lower levels → Free cash flow soars 2,500% to $5.12 billion, above $1.2 billion