GE Vernova raises 2026 guidance after strong third-quarter results
Filed with the SEC on · Summarized by InvestorsBot
GE Vernova reported third-quarter 2026 revenue of $12.6 billion, net income of $1.3 billion, adjusted EBITDA of $1.9 billion and free cash flow of $5.4 billion, while backlog reached $197 billion. The company raised its 2026 guidance for revenue to $46.5-$47.5 billion, adjusted EBITDA margin to 13.5%-14.5% and free cash flow to $16-$17 billion, and increased its share repurchase authorization to $20 billion from $10 billion; it also agreed to acquire Trench Group for $9.0 billion, with closing expected in late 2027 subject to regulatory approvals.