GE Vernova 2Q FY26 adjusted EBITDA climbs 62% to $1.25 billion; revenue rises 22% to $11.1 billion
GEV•GE Vernova reports higher profit, revenue, and cash flow in 2Q 2026
- GE Vernova posted 2Q 2026 net income of $649 million, up 32% year over year, on revenue of $11.1 billion, up 12%.
- Adjusted EBITDA rose to $1.25 billion from $770 million, lifting adjusted EBITDA margin 2.8 percentage points to 11.3%.
- Free cash flow climbed to $5.11 billion from $194 million, while backlog increased to $176.3 billion from $128.7 billion.
- Power revenue rose 14% to $5.48 billion; Electrification revenue climbed 68% to $3.64 billion, while Wind revenue fell 10% to $2.03 billion.
- GE Vernova raised 2026 free cash flow guidance to $11.5 billion-$12.5 billion from $6.5 billion-$7.5 billion; revenue outlook increased to $45.5 billion-$46.5 billion.
