GE Vernova Q2 FY26 net income rises 32% to $649 million; revenue climbs 22% to $11.1 billion

GE Vernova Inc.

GE Vernova Inc.

GEV

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  • GE Vernova posts Q2 net income of $649 million, up 32%, as revenue climbs 22% to $11.1 billion.
  • Orders more than doubled to $24.2 billion, while backlog rises $13 billion sequentially to $176 billion.
  • Adjusted EBITDA increases 62% to $1.25 billion; adjusted EBITDA margin widens 2.8 percentage points to 11.3%.
  • Operating cash flow surges to $5.49 billion, lifting free cash flow to $5.11 billion, more than all of 2025.
  • Raises 2026 outlook for revenue to $45.5-$46.5 billion and free cash flow to $11.5-$12.5 billion; targets at least 125 GW gas equipment under contract by year-end.


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