GE Vernova's third-quarter revenue rose 27% year over year to $12.6 billion, beating the $11.99 billion estimate, while orders increased 96% organically to $29 billion. The company raised its 2026 revenue, adjusted EBITDA margin and free cash flow forecasts, agreed to acquire Trench Group for $9 billion and increased its share repurchase authorization to $20 billion.
GE Vernova reported third-quarter revenue of $12.6 billion, up 27% year over year and above the $11.99 billion analyst estimate. Net income was $1.3 billion, and orders totaled $29 billion, up 96% organically, led by equipment at Power and continued services strength.
The company raised its 2026 revenue forecast to $46.5 billion-$47.5 billion from $45.5 billion-$46.5 billion. It now expects an adjusted EBITDA margin of 13.5%-14.5%, versus 12%-14%, and free cash flow of $16 billion-$17 billion, up from $11.5 billion-$12.5 billion.
GE Vernova agreed to acquire Trench Group for $9 billion to expand its grid equipment offerings. Its board increased the share repurchase authorization to $20 billion.
