GE Vernova expects FY revenue of $46.5 billion to $47.5 billion
GEV•GE Vernova forecast fiscal-year revenue of $46.5 billion to $47.5 billion and free cash flow of $16 billion to $17 billion. Third-quarter revenue was $12.64 billion and EPS was $4.81, while total backlog reached $197 billion.
1. Outlook and results
GE Vernova expects fiscal-year revenue of $46.5 billion to $47.5 billion and free cash flow of $16 billion to $17 billion. Third-quarter revenue was $12.64 billion and EPS was $4.81, compared with views of $11.99 billion in revenue and $3.97 in EPS.
2. Backlog and repurchases
The company said third-quarter backlog grew by $20 billion sequentially from equipment and services, reaching $197 billion. It expects backlog to exceed $200 billion in the fourth quarter and to exit 2026 with at least 130 GW of gas equipment under contract. In October, its board increased the share repurchase authorization to $20 billion.
