GE Vernova falls as company misses core-profit estimates
GEV•Wind segment weakness and tariff outlook
- Revenue from the wind segment fell 10% to $2.03 billion because of lower onshore wind equipment deliveries, while its core loss widened to about $275 million.
- The company expects global tariffs to increase its costs by about $100 million to $200 million in 2026.
- GE Vernova raised its 2026 revenue forecast to $45.5 billion to $46.5 billion, compared with its prior view of $44.5 billion to $45.5 billion.
- As of the last close, GEV was up 65% year to date.
Shares fall after second-quarter core profit miss
- Shares of power equipment maker GE Vernova GEV.N reversed course, down 8.3% at $989.8 premarket.
- GEV narrowly missed estimates for second-quarter core profit.
- It reported adjusted core earnings of $1.25 billion for the quarter, missing analysts' estimates of $1.28 billion, according to LSEG data.
