GE Vernova raises annual revenue forecast as strong power demand boosts orders

GE Vernova

22/07/2026 11:20

    July 22 (Reuters) - Power equipment maker GE Vernova GEV.N on Wednesday raised its annual revenue forecast for the second time in a row, as strong power demand accelerated order growth across its power and electrification units.
The company said it now expects revenue of $45.5 billion to $46.5 billion in 2026, compared with its prior view of $44.5 billion to $45.5 billion and analysts' estimates of $45.45 billion, according to data compiled by LSEG.

    U.S. power consumption is forecast to rise in 2026 and 2027 as data-center expansion and electrification drive demand, with commercial-sector demand expected to outpace residential this year.
The company reported $24.2 billion in orders in the second quarter.

(Reporting by Sumit Saha in Bengaluru; Editing by Vijay Kishore and Jonathan Ananda)
((Sumit.Saha@thomsonreuters.com;))