GE Vernova (GEV), an energy equipment manufacturer, has reported mixed second-quarter financial results.
The Boston-based company announced earnings per share (EPS) of $2.47 U.S., which fell short of the $3.17 U.S. forecast among analysts.
However, revenue of $11.1 billion U.S. came out ahead of the $10.8 billion U.S. that was forecast on Wall Street.
Despite the uneven print, GE Vernova raised its full-year guidance, saying it now expects 2026 revenue in a range of $45.5 billion U.S. to $46.5 billion U.S.
Previous guidance called for sales of $45 billion U.S. This is the second consecutive quarter in which GE Vernova has raised its 2026 revenue outlook.
Management said that orders in the most recent quarter totaled $24.2 billion, up 88% year-over-year, and up from $18.3 billion U.S. in this year’s first quarter.
GE Vernova has benefitted from the artificial intelligence (A.I.) infrastructure buildout as its energy equipment is used to power data centres.
GEV stock is down 7% immediately after the latest financial results were made public on July 22. Over the last 12 months, the company’s shares have risen 97% to trade at $ 1,078.81 U.S.
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