Jul. 22 at 4:44 PM
GE Vernoa released its second quarter results 2026 financial results on Wednesday.
Shares had declined more than 7% despite the company reporting revenue of
$11.1 billion in the second quarter.
CEO Scott Strazik said in a press release,” With a backlog of
$176 billion, continued revenue growth and margin expansion, and significant free cash flow generation, GE Vernova’s momentum is building, and we are raising our 2026 financial guidance.”
The company sees revenue of
$45.5 billion to
$46.5 billion for the year. According to the financial reports, GE Vernova’s total company orders surged by 88% to
$24.2 billion, led by robust growth in Power and Electrification
$GE