---
title: "GE Vernova | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 11.1 B"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293457645.md"
datetime: "2026-07-22T10:27:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293457645.md)
  - [en](https://longbridge.com/en/news/293457645.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293457645.md)
generator: "portal-rs"
---

# GE Vernova | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 11.1 B

Revenue: As of FY2026 Q2, the actual value is USD 11.1 B, beating the estimate of USD 10.77 B.

EPS: As of FY2026 Q2, the actual value is USD 2.47, missing the estimate of USD 3.1847.

EBIT: As of FY2026 Q2, the actual value is USD 928 M.

### Overall Financial Performance (Second Quarter 2026)

-   Total orders for GE Vernova Inc. were $24.2 billion, representing an 88% organic increase, primarily driven by strong growth in the Power and Electrification segments.
-   The company’s backlog expanded by $13.0 billion sequentially from equipment and services.
-   Total revenue reached $11.1 billion, an increase of 22% (12% organically), mainly led by the Power and Electrification segments.
-   Net income was $0.6 billion, with a net income margin of 5.8%.
-   Adjusted EBITDA stood at $1.2 billion, and the adjusted EBITDA margin was 11.3%, marking a 340 basis point organic increase.
-   Cash from operating activities was $5.5 billion, and free cash flow totaled $5.1 billion, which exceeded the total free cash flow for all of 2025.
-   GE Vernova Inc. held a cash balance of $13.1 billion.
-   A total of $3.9 billion in capital was returned to shareholders year-to-date.

### Segment Performance (Second Quarter 2026)

#### Power Segment

-   Orders increased by 134% organically to $16.7 billion, driven by Gas Power equipment.
-   Revenues grew 14% on a U.S. GAAP basis and organically to $5.5 billion, led by Gas Power equipment.
-   Segment EBITDA was $1.0 billion, with a segment EBITDA margin of 18.8%, up 240 basis points (320 basis points organically).
-   GE Vernova Inc. signed 20 gigawatts (GW) of new gas equipment contracts, converted 10 GW of existing slot reservation agreements to orders, and shipped 3 GW of equipment, resulting in a backlog growth from 44 GW to 53 GW.

#### Electrification Segment

-   Orders increased by 66% organically to $6.3 billion, with a book-to-bill ratio of approximately 1.7, reflecting strong demand for grid equipment.
-   Revenues increased 68% (29% organically) to $3.6 billion, primarily due to growth in Power Transmission and Grid Systems Integration.
-   Segment EBITDA was $0.7 billion, with a segment EBITDA margin of 18.4%, up 390 basis points (700 basis points organically).
-   Equipment backlog increased by $16.6 billion, or 69% year-over-year, to $40.6 billion, including $5 billion from Prolec GE.

#### Wind Segment

-   Orders decreased by -40% organically to $1.2 billion due to lower equipment orders in Onshore Wind.
-   Revenues decreased by -10% (-11% organically) to $2.0 billion, mainly driven by lower Onshore Wind equipment deliveries.
-   Segment EBITDA losses were - $0.3 billion, with a segment EBITDA margin of -13.6%, down -630 basis points on a U.S. GAAP basis and organically.

### Other Key Metrics and Company Updates

-   GE Vernova Inc. repurchased approximately 2.5 million shares for $2.3 billion in the quarter, totaling 4.3 million shares repurchased year-to-date through June 30 at an average price of $854.
-   A quarterly dividend of $0.50 per share was paid.
-   The company voluntarily contributed approximately $0.5 billion to the GE Energy Pension Plan.
-   GE Vernova Inc. announced the acquisition of Robotech Automation to enhance robotics and automation capabilities.
-   The remaining ownership stake in China XD Electric Co Ltd. was monetized, yielding approximately $0.6 billion in pre-tax proceeds.
-   $0.4 billion was invested in capital expenditures, contributing to a commitment of $6 billion in capex from 2025 through 2028.
-   $0.3 billion was funded for Research and Development (R&D), part of a $5 billion commitment from 2025 through 2028.

### Outlook / Guidance

GE Vernova Inc. raised its 2026 financial guidance, now expecting total revenue of $45.5-$46.5 billion and free cash flow of $11.5-$12.5 billion, while maintaining the adjusted EBITDA margin guidance at 12%-14%. Segment-specific guidance includes 18%-20% organic revenue growth for Power, and $14.5-$15.0 billion in revenue for Electrification. For the Wind segment, the company anticipates low-double digit organic revenue decline with approximately - $400 million in segment EBITDA losses.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**