Overview
- GE Vernova, which reported first-quarter results Wednesday, posted $9.34 billion in revenue and GAAP EPS of $17.44 that included a roughly $4 billion Prolec GE gain.
- Orders reached $18.3 billion, up 71% year over year, with $2.4 billion from electrification gear for hyperscalers and data-center builders.
- Management raised 2026 guidance, setting Ebitda near $5.9 billion, lifting free cash flow to $6.5–$7.5 billion, and pulling its $200 billion backlog goal to end-2026.
- Shares jumped as much as 15.2% intraday and closed up 13% at $1,127.56, while Baird lifted its target to $1,400 and JPMorgan to $1,150.
- Leaders cited strong structural demand but warned that permitting, labor, gas supply, and build timelines can slow deliveries as backlog stands near $163 billion.