--- 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) --- # 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 - $400 million in segment EBITDA losses. ### Related Stocks - [GEV.US](https://longbridge.com/en/quote/GEV.US.md) ## Related News & Research - [Ascopiave announces filing of H1 2026 interim financial report](https://longbridge.com/en/news/294500822.md) - [International Paper Q2 2026 Earnings Preview](https://longbridge.com/en/news/294266740.md) - [Regeneron announces Q3 2026 distribution of R$ 0.05 per unit](https://longbridge.com/en/news/294532948.md) - [Vale updates financial events calendar for 2026](https://longbridge.com/en/news/294418484.md) - [Equatorial Energia updates financial calendar for 2026 disclosures](https://longbridge.com/en/news/294368263.md)