GE Vernova flags up to $200 million tariff hit after second-quarter profit miss

The company raised its 2026 revenue forecast for a second consecutive quarter, helped by strong power demand and rising orders.

It now expects $45.5 billion-$46.5 billion, up from $44.5 billion-$45.5 billion.

GE Vernova reported $24.2 billion in orders in the second quarter, compared with $12.4 billion a year earlier.

U.S. power consumption is forecast to rise in 2026 and 2027 as data center expansion and electrification drive demand, with commercial-sector demand expected to outpace residential this year.

It also raised its annual free cash flow forecast to $11.5 billion-$12.5 billion from its previous range of $6.5 billion-$7.5 billion.

The electrification unit reported a core profit of $671 million, up from $314 million a year ago, while the power unit posted $1.03 billion, nearly a 31.3% rise.

GE Vernova GEV.N said on Wednesday global tariffs would increase its costs by about $100 million to $200 million in 2026, after the company narrowly missed estimates for second-quarter core profit.