GE Vernova Q2 Revenue Beats $111B, Raises Full-Year Free Cash Flow Guidance

GE Vernova reported second-quarter revenue of $11.1 billion, beating analyst expectations of $10.82 billion. Earnings per share came in at $2.47, up 32.8% from $1.86 a year earlier.

The company significantly raised its full-year adjusted free cash flow guidance to $11.5 billion to $12.5 billion, from a prior range of $6.5 billion to $7.5 billion. The company also reported a backlog of $176 billion. However, GE Vernova expects low double-digit percentage declines in wind power revenue for 2026 and Q3 specifically. Shares rose nearly 7% in pre-market trading.