Update: the company only beat on the top line.
On the EPS line the company delivered $2.47 vs. the FactSet analyst's estimate of $3.18.
The stock is now down $87.11 (-8.07%) at $991.92.
From the company, July 22:
GE Vernova reports second quarter 2026 financial results and raises 2026 financial guidance
Strong performance with significant orders and backlog growth, margin expansion, and cash generation
Second Quarter 2026 Highlights:
- Orders of $24.2B, +88% organically led by robust growth in Power and Electrification
- Backlog1 growth of $13.0B sequentially from equipment and services
- Gas Power equipment backlog and slot reservation agreements grew from 100 to 116 GW; now anticipate reaching at least 125 GW by year-end 2026
- 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*
- Cash from operating activities of $5.5B; free cash flow* of $5.1B, more than all of 2025
- $13.1B cash balance; $3.9B in capital returned to shareholders year-to-date...
....MUCH MORE
In very early pre-market trade the stock is up $10.96 (+1.02%) at $1,089.99
