GE Vernova said on Wednesday it expects full-year 2026 revenue of between $44 billion and $45 billion, a forecast that exceeds the average analyst projection of $41.97 billion based on LSEG data. The company attributed the stronger outlook to brisk purchases of gas turbines and storage equipment by power generation customers responding to rising electricity needs from data centers.
Shares of the company rose nearly 4% in pre-market trading following the announcement.
Quarterly orders and profit performance
During the quarter GE Vernova recorded $59.3 billion in orders, a 34% increase compared with the same period a year earlier. The surge in bookings was driven largely by activity in its power and electrification divisions.
The company's electrification unit posted a core profit of $505 million, an increase of 78.4% versus the prior year. The power unit reported a core profit of $971 million, representing nearly a 20% rise from the year-ago quarter.
Market context and demand drivers
Company executives pointed to strong sales of gas turbines and energy storage systems as central to the outlook. These products are being purchased by utilities and independent power producers that are accelerating capacity additions to serve expanding electricity consumption linked to data centers. The article noted that data centers are powering an artificial intelligence boom and contributing materially to rising global electricity demand.
Implications for stakeholders
For investors, the revenue range of $44 billion to $45 billion signals a top-line trajectory above recent analyst consensus. For customers in power generation and firms involved in data center expansion, the sizable order backlog and profit gains in electrification and power suggest continued supply-chain and equipment deployment activity.
Limitations of available information
The company provided the revenue guidance range and cited order and profit figures for the quarter, but the article does not include additional detail on segment-level revenue contributions, margin outlooks beyond core profit figures, or timing for delivery of the orders reported.