GE Vernova raises annual revenue forecast as strong power demand boosts orders

July 22 (Reuters) - Power equipment maker GE Vernova GEV.N on Wednesday raised its annual revenue forecast for the second time in a row, as strong power demand accelerated order growth across its power and electrification units.

The company said it now expects revenue of $45.5 billion to $46.5 billion in 2026, compared with its prior view of $44.5 billion to $45.5 billion and analysts' estimates of $45.45 billion, according to data compiled by LSEG.

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.

The company reported $24.2 billion in orders in the second quarter.