GE Vernova raises revenue forecast as power and electrification orders accelerate

Traders Union
All News
Financial News
GE Vernova raises forecast

Highlights

GE Vernova raises 2026 revenue forecast to $45.5 billion-$46.5 billion, exceeding previous guidance and LSEG analyst consensus of $45.45 billion.
Second-quarter orders more than double to $24.2 billion from $12.4 billion, with electrification unit profit reaching $671 million and power unit profit up 31.3% to $1.03 billion.
Company lifts annual free cash flow target to $11.5 billion-$12.5 billion and warns global tariffs will increase 2026 costs by $100 million-$200 million.

Forecast upgrade backed by orders growth

As reported by Reuters, GE Vernova says it now expects 2026 revenue of $45.5 billion to $46.5 billion, up from its previous forecast of $44.5 billion to $45.5 billion. The updated range is also above analysts' estimate of $45.45 billion, according to data compiled by LSEG.

The company also raises its annual free cash flow forecast to $11.5 billion to $12.5 billion from $6.5 billion to $7.5 billion. CEO Scott Strazik says GE Vernova expects to have at least 125 gigawatts of gas equipment under contract by the end of 2026 and remains on track to reach annual gas turbine output of 20 GW in the third quarter of 2026, rising to 24 GW in 2028.

Power demand outlook and cost pressures

U.S. power consumption is forecast to rise in 2026 and 2027 as data center expansion and electrification drive demand, with commercial-sector demand expected to outpace residential this year. That backdrop supports increased spending on grid expansion and power capacity, helping lift demand across the company's Power and Electrification segments.

GE Vernova reports $24.2 billion in second-quarter orders, compared with $12.4 billion a year earlier. Its electrification unit posts core profit of $671 million, up from $314 million a year ago, while the power unit reports $1.03 billion, nearly a 31.3% increase.

The company says global tariffs are expected to increase its costs by about $100 million to $200 million in 2026, even after contract protections and efforts to recover part of the tariff-related impact.

In our earlier article on National Grid’s fiscal 2024 results, we noted that higher operating profit and steady regulated earnings in its UK and US networks helped support investor confidence. The piece also highlighted the company’s progressive dividend policy and ongoing infrastructure spending, while flagging mixed near-term technical signals despite an overall bullish structure.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.