GE Vernova reports 88% order growth, $5.1B free cash flow, raises 2026 guidance

Filed July 22, 2026 · Period ending July 22, 2026 · ~1 min read

Key Changes

• high

  Q2 orders surged 88% organically to $24.2B led by Power and Electrification; revenue grew 22% to $11.1B; free cash flow of $5.1B exceeded all of 2025.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• high

  Raised 2026 revenue guidance to $45.5–$46.5B (from $44.5–$45.5B) and free cash flow to $11.5–$12.5B (from $6.5–$7.5B); adjusted EBITDA margin guidance unchanged at 12%–14%.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →
• high

  Gas Power backlog and slot reservations grew to 116 GW (from 100 GW), targeting at least 125 GW by year-end; scaling production capacity to 30 GW by 2030 from 20 GW in Q3 2026.

  Item 2.02 — Results of Operations and Financial Condition verify on EDGAR →