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

GEV•2026-07-22

GE Vernova posted Q2 net income of USD 0.6 billion, lifting revenue 22% to USD 11.1 billion.
Adjusted EBITDA rose to USD 1.25 billion from USD 770 million; margin widened 2.8 percentage points to 11.3%.
Orders more than doubled to USD 24.2 billion, driving sequential backlog growth of USD 13 billion to USD 176 billion.
Free cash flow climbed to USD 5.1 billion from USD 194 million; cash from operating activities rose to USD 5.49 billion from USD 367 million.
Guidance raised to revenue of USD 45.5-46.5 billion, free cash flow of USD 11.5-12.5 billion; CEO Scott Strazik targets at least 125 GW of gas equipment under contract by year-end 2026.

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