GE Vernova Stock Falls After Profit Miss, Wind Unit Remains a Drag
GE Vernova Inc. (NYSE: GEV ) stock fell Wednesday after the company reported mixed second-quarter 2026 results, with revenue beating expectations but earnings falling short. Diluted EPS of $2.47 missed the $3.13 analyst estimate. Revenue rose 22% year over year to $11.104 billion, topping the $10.734 billion estimate. Net income increased to $649 million from $492 million. Adjusted EBITDA rose 62% to $1.25 billion, while margin expanded to 11.3% from 8.5% on higher volume, pricing and productivity. Equipment revenue climbed 32% to $6.46 billion, while services revenue increased 10% to $4.65 billion. Orders And Backlog Orders surged 88% organically to $24.22 billion, driven by 130% growth in equipment orders and a 15% increase in services orders. Backlog reached $176.3 billion, rising $13 billion sequentially and $47.6 billion year over year. Management expects backlog to reach $200 bi...
GE Vernova Inc. (NYSE: GEV ) stock fell Wednesday after the company reported mixed second-quarter 2026 results, with revenue beating expectations but earnings falling short. 13 analyst estimate. 734 billion estimate.
Net income increased to $649 million from $492 million. 5% on higher volume, pricing and productivity. 65 billion. 22 billion, driven by 130% growth in equipment orders and a 15% increase in services orders.
6 billion year over year. Management expects backlog to reach $200 billion in 2027. 8%. 73 billion.
GE Vernova signed 20 gigawatts of new gas contracts, converted 10 gigawatts of reservations and shipped 3 gigawatts. Backlog and slot reservations reached 116 gigawatts, with at least 125 gigawatts expected by year-end. 64 billion, including Prolec GE, and increased 29% organically. 4%.
6 billion. First-half data-center orders exceeded $5 billion. GE Vernova’s Wind business remained a drag on overall performance. S.
03 billion. The segment’s EBITDA loss widened to $275 million from $165 million a year earlier, hurt by lower Onshore Wind deliveries and higher Offshore Wind project costs. 11 billion from $194 million. 7 billion through share repurchases.
3 billion during the quarter and paid a quarterly dividend of 50 cents per share. Management Commentary Management said gas demand remains broad, with Southeast Asia accelerating. First-half gas-equipment pricing rose more than 20% from fourth-quarter 2025 levels, while service orders per unit grew at double-digit rates. Contracted gas capacity should continue rising over the next six quarters, though management stopped short of calling 2026 the peak order year.
Aeroderivative turbines are gaining traction as interim power solutions. Data-center content per gigawatt could eventually increase two to three times, with the larger opportunity expected from 2027. Management also warned that second-half free cash flow will be materially lower as slot-reservation deposits ease. S.
Onshore Wind orders remain uncertain amid permitting delays and Section 232 tariffs. 45 billion analyst estimate. 5 billion and maintained adjusted EBITDA margin guidance of 12%-14%. 75 at the time of publication on Wednesday, according to Pro data.
Photo via Shutterstock Read Also: BofA Securities Sees GE Vernova’s Power Demand Fueling Another Strong Quarter