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12:24:14
Earnings
Earnings Updated
Results
EPS Miss 2.47 vs 3.13 est
Revenue Beat USD 11.1B vs USD 10.73B est
FY26 guidance
Revenue Raised USD 45.5B-46.5B from USD 44.5B-45.5B; vs USD 45.45B est
Q3 guidance
Revenue USD 3.8B-4B
FY guidance
Free cash flow Raised USD 11.5B-12.5B from USD 6.5B-7.5B
Key read
  • $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
  • Backlog of $176B
  • Sees FY rev. $45.5B-$46.5B, saw $44.5B-$45.5B
  • Sees FY adj. FCF $11.5B-$12.5B, saw $6.5B-$7.5B
  • Shares gain 6.7% after boosting FY revenue forecast