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.