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3d ago

GE Vernova Tops Q2 Estimates, Lifts Full-Year Revenue and Cash Flow Forecasts

Robust turbine demand with strong electrification equipment sales drove profit growth despite tariff-related costs and wind-unit losses.

Roger Martella, chief corporate officer & chief sustainability officer for GE Vernova, rings the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., April 22, 2025. REUTERS/Brendan McDermid/File Photo
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Overview

  • GE Vernova reported adjusted earnings of $1.86 per share on $9.11 billion in revenue, beating analysts’ estimates and delivering an 11% year-over-year sales increase.
  • The company raised its 2025 revenue outlook toward the high end of a $36 billion to $37 billion range and boosted free cash flow guidance to $3 billion–$3.5 billion.
  • Core profit in the power segment climbed 27% to $778 million, while the electrification unit more than doubled its profit to $332 million.
  • Offshore wind incurred a $165 million loss as higher service costs and U.S. tariffs continued to challenge project economics.
  • Shares jumped over 4% in premarket trading and have surged nearly 70% year to date on expectations of sustained AI-driven and residential power demand.