GE Vernova Q1 Beats Estimates, Revenue +16%

GE Vernova reported Q1 2026 adjusted EPS $17.44, far beating the $1.67 estimate, with revenue $9.34 bn up 16% YoY.
Orders surged 71% organically to $18.3 bn and backlog rose $13 bn sequentially to $163 bn, driven by Power and Electrification demand.
Net income $4.7 bn included $4.5 bn pre‑tax M&A gains from Prolec GE acquisition; free cash flow $4.8 bn quadrupled YoY.
FY2026 guidance lifted to $44.5‑$45.5 bn revenue, 12‑14% EBITDA margin and $6.5‑$7.5 bn free cash flow.