GE Vernova raises 2026 revenue guidance to $45.5B-$46.5B and free cash flow to $11.5B-$12.5B

GE Vernova raised its 2026 revenue outlook to $45.5 billion to $46.5 billion, from $44.5 billion to $45.5 billion. It lifted free cash flow guidance to $11.5 billion to $12.5 billion from $6.5 billion to $7.5 billion, while keeping the adjusted EBITDA margin target at 12% to 14%. Power and Electrification growth targets were both raised, while Wind is still expected to lose money.

• Revenue guidance $45.5B-$46.5B (previously $44.5B-$45.5B)
• Free cash flow guidance $11.5B-$12.5B (previously $6.5B-$7.5B); adjusted EBITDA margin unchanged at 12%-14%
• Power organic revenue growth 18%-20% (previously 16%-18%), segment EBITDA margin 17%-19%
• Electrification revenue $14.5B-$15.0B (previously $14.0B-$14.5B), including about $3.1B from Prolec GE
• Wind: organic revenue down low double digits and about $400M of segment EBITDA losses