GE Vernova Inc. (GEV) Earnings Call Transcripts

GE Vernova Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, GE Vernova Inc. reported strong financial performance, with revenue reaching $24.2 billion, an 88% year-over-year increase, and adjusted EBITDA of $1.2 billion, up 61% year-over-year. The company raised its full-year revenue guidance to a range of $45.5 billion to $46.5 billion, reflecting robust demand in Power and Electrification segments. Additionally, free cash flow guidance was increased to between $11.5 billion and $12.5 billion, showcasing improved cash generation capabilities.

Reported metrics

Guidance from management

Management raised full-year revenue guidance to $45.5 billion to $46.5 billion and free cash flow guidance to between $11.5 billion and $12.5 billion, reflecting strong demand and operational performance.

What management said

Before we open the line, I'd ask everyone in the queue to consider your fellow analysts and ask just one question, so we can get to as many people as possible. Please return to the queue if you have follow-ups. Operator, please open the line.

Michael, team, everyone. I appreciate everyone giving us the time today. I would just reinforce for my teams. I appreciate what you're doing every day for our customers. Your faith in us motivates us to help you meet this moment together for our partners. We can only do this with you and are humbled and appreciative with all the stakeholders along on these early stages of a very exciting journey we're on in GE Vernov...

What analysts pressed on

Analysts expressed concerns regarding the Wind segment's declining orders and revenue, particularly in the U.S. market, where permitting delays and tariff uncertainties are impacting demand. There were also questions about international demand dynamics and capacity expansion beyond 2031.

Main topics on the call

• Order Growth — GE Vernova's orders surged to $24.2 billion, an 88% increase year-over-year, driven by strong demand in both equipment and services. CEO Scott Strazik noted, "Our equipment orders more than doubled and service orders gre...
• Backlog Expansion — The total backlog increased to $176 billion, up $13 billion from the previous quarter. Management indicated a target of reaching $200 billion by 2027, highlighting the strong demand environment.
• Margin Improvement — Adjusted EBITDA margin expanded by 340 basis points year-over-year to 12.5%, driven by higher pricing and productivity improvements. CFO Ken Parks stated, "We're benefiting from strong volume and price in power and elect...
• Electrification Segment Performance — Electrification revenue grew by 68% year-over-year, with significant contributions from data center orders. The segment's backlog rose to $41 billion, reflecting strong demand in North America and globally.

Read the full GE Vernova Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 19 GE Vernova Inc. earnings call transcripts on record, spanning March 6, 2024 to July 22, 2026. Based on this history, GE Vernova Inc. reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GEV

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Electrical Equipment

Calls on record

19

First call

March 6, 2024

Most recent

July 22, 2026

Reporting cadence

quarterly