GE Vernova Raises 2026 Revenue And Free Cash Flow Outlook After Q2 Order Growth Jumps 88%

According to CNBC, GE Vernova raised its full-year 2026 revenue outlook to $45.5 billion to $46.5 billion from $44.5 billion to $45.5 billion and increased its free cash flow forecast to $11.5 billion to $12.5 billion from $6.5 billion to $7.5 billion after second-quarter order growth surged. Revenue in the quarter ended June 30 rose about 22% year over year to $11.1 billion, topping the $10.7 billion LSEG consensus, while adjusted earnings per share climbed 33% to $2.47, below the $3.01 estimate. Orders increased 88% organically, or 95% on a reported basis, to $24.2 billion, and the company said its backlog reached $176 billion.