GE Vernova reports Q2 2026 results and raises guidance

GE Vernova has announced its second-quarter 2026 financial results and raised its full-year 2026 guidance.

• The company reported backlog of $176 billion and said it is raising 2026 financial guidance after strong Q2 performance, with cash balance of $13.1 billion and $4.3 billion increase year over year.
• CEO Scott Strazik said GE Vernova expects at least 125 GW of gas equipment under contract by year-end 2026 and continued demand in Electrification, with data center orders over $5 billion year-to-date; the company also expects 20 GW annual gas turbine output in Q3 2026, 24 GW in 2028, and 30 GW in 2030.