GE Vernova Shares Slide on Raised Guidance Despite $176 Billion Backlog
GE Vernova reported a $176 billion backlog of gas turbine orders, up 37% from last year, and raised its revenue outlook, driven by sustained demand from data centers seeking power for artificial intelligence applications. Management stated the company's manufacturing capacity is filled through 2027 via backlog and customer reservations, with gas turbines representing a rapid path to dispatchable power in a market served by only three global suppliers.
GE Vernova shares slid after the raised revenue guidance failed to impress investors, reflecting the difficulty equipment suppliers to data centers face in meeting soaring market expectations. The company reported revenue of $11.1 billion for the prior quarter, up from $9.1 billion in the same period last year, and highlighted that customer advance payments for manufacturing slots underscore strong pricing power in the gas turbine segment.
From the sources (11 posts)
@financialjuice$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