GE Vernova announced it expects full-year revenue to exceed consensus forecasts by approximately 5%, driven by record sales of its HA gas turbines and grid-scale battery storage modules. Orders for its 7HA.02 turbines increased by 20% year-over-year, while storage equipment shipments grew 35%, reflecting power generation companies’ urgent need to support data center expansions in North America and Europe. Management highlighted backlog of $15 billion at the end of December, up from $12 billion a year ago.

In the fourth quarter, GE Vernova reported adjusted operating profit margin of 12%, up from 9% a year earlier, and raised its full-year adjusted EPS outlook to a midpoint of $3.40, compared with analysts’ prior consensus of $3.20. Revenue for the quarter increased 8% year-over-year, led by 15% growth in its Electrification segment. The company cited cost efficiencies from its new manufacturing line in Florence, South Carolina, which will ramp to full capacity by mid-2026 and is expected to improve segment margins by 150 basis points.

Wall Street projects GE Vernova’s Q4 EPS at $3.03, representing a 75% increase versus the prior year, while revenue is forecast at $10.04 billion, a 5% decline due to timing of gas turbine deliveries and soft onshore wind orders. Over the past month, EPS estimates have been revised down by 3.4%, but the stock has still outperformed peers based on an average earnings surprise of 21.3% over the last four quarters. Financial ratios include a P/E of 110.9 and a price-to-sales of 5.0, reflecting a premium valuation tied to its strong order book and recurring service revenue initiatives such as the new Argentina repair center.