GE Vernova shares fall after Q2 EBITDA miss, wider Wind losses and tariff cost estimate

Shares fell on July 22 after Reuters reported that GE Vernova's second-quarter adjusted EBITDA missed analyst estimates compiled by LSEG, even though orders, backlog and guidance were strong. Wind segment losses widened, and the company estimated its 2026 tariff cost at $100 million to $200 million. Reuters reported the stock down about 5.8% on the day.

• Shares down about 5.8% on July 22 (Reuters)
• Adjusted EBITDA $1.25B, below LSEG-compiled estimates (Reuters)
• Wind segment EBITDA loss widened to $275M from $165M; Wind orders down about 40% year over year
• 2026 tariff cost estimate $100M-$200M, down from $250M-$350M projected in April