GE Vernova (energy company)GE VernovaGE Vernovafirst quarter / Q1dì yī jìdù第一季度financial results / performanceyèjì业绩to exceed / to surpasschāo超expectations / estimatesyùqī预期，to raise / to increase (guidance)shàng tiáo上调full-year / annualquánnián全年revenueshōurù收入outlook / guidancezhǎnwàng展望。
April 23, 2026 at 8:30 AM
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BusinessGE Vernova Reports Strong Q1 Results and Raises 2026 Revenue Guidance
Energy company GE Vernova beat expectations in the first quarter of 2026, with revenues up 16 percent year-over-year, and raised its full-year guidance due to surging data center demand.
Energy company GE Vernova announced its 2026 first quarter financial results on April 22nd, with performance exceeding market expectations. The company raised its full-year revenue outlook. Q1 revenue reached $9.34 billion, representing 16% year-over-year growth, with earnings per share of $17.44. Data center operations were the most notable growth driver this quarter, with related orders reaching approximately $2.4 billion, surpassing the entire year 2025 total. Full quarter orders totaled $18.3 billion, up 71% year-over-year, setting a historic record. The company has accumulated a backlog of $163 billion orders, benefiting from significant increases in equipment orders. GE Vernova raised its full-year revenue forecast to between $44.5 billion and $45.5 billion. The company also increased its annual free cash flow target by nearly 40%, projected to be between $6.5 billion and $7.5 billion. The stock price surged significantly after results were announced, with pre-market gains exceeding 8%.
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