Overview

• Second-quarter earnings per share reached $1.86 on $9.11 billion in revenue, surpassing analyst expectations and marking 11% year-over-year growth.
• The company signaled full-year revenue will hit the upper end of its $36 billion–$37 billion range alongside the higher free cash flow target.
• Surging demand from AI data centers, industrial electrification, and decarbonization initiatives underpinned backlog conversion and cash flow growth.
• Core profit in the power segment rose 27% to $778 million and electrification profit more than doubled to $332 million, while the wind unit posted a $165 million loss due to tariffs and higher costs.
• Shares climbed over 4% in premarket trading and have gained nearly 70% year-to-date amid analyst price-target increases.