Citable filing context
GEV's research view summarizes recent SEC filing context, starting with earnings from Jul 22, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 22, 2026 | earnings | GE Vernova reported second-quarter 2026 revenue of $11.1 billion and raised its full-year 2026 financial guidance. |
| May 22, 2026 | management_change | GE Vernova Inc. stockholders elected three Class II directors at the annual meeting on May 20, 2026. |
| Apr 22, 2026 | earnings | GE Vernova Inc. released its first-quarter 2026 financial results. |
| Jul 22, 2026 | Guidance: adjusted_ebitda_margin | 12.00 to 14.00 |
| Jul 22, 2026 | Guidance: free_cash_flow | 11.50 to 12.50 |
| Jul 22, 2026 | Guidance: revenue | 45.50 to 46.50 |
| Jul 22, 2026 | mda_quarterly | GE Vernova’s financial performance for the first half of 2026 was significantly shaped by the $5.3 billion acquisition of the remaining 50% stake in Prolec GE, which bolstered the Electrification segment’s transformer and grid solutions capabilities. This transaction triggered a $4.0 billion pre-tax gain, driving net income to $5.4 billion for the six-month period. Total revenue grew 19% to $20.4 billion, supported by strong organic growth in the Power and Electrification segments. Power segment results were driven by robust demand for heavy-duty gas turbines and aeroderivative equipment, while Electrification benefited from increased volume in switchgear, transformers, and substation solutions. Conversely, the Wind segment remains a headwind, reporting negative EBITDA due to lower onshore equipment deliveries and persistent cost pressures in offshore wind. While the Vineyard Wind project’s turbine installation is complete, the company continues to navigate project execution risks and outstanding claims. Management estimates global tariff impacts will cost between $100 million and $200 million in 2026. Despite these challenges, the company maintains a strong liquidity position with $13.1 billion in cash and cash equivalents, supported by a $3.0 billion revolving credit facility. RPO reached $176.3 billion, reflecting sustained demand for energy infrastructure and grid modernization. |
| Apr 22, 2026 | mda_quarterly | GEV reported a strong first quarter 2026, with total revenues increasing 16% to $9.3 billion, and organic revenues up 7%. Net income surged to $4.7 billion, and diluted EPS reached $17.44, primarily driven by a $4.0 billion pre-tax gain from remeasuring its previously held equity interest in Prolec GE. The company completed the acquisition of the remaining 50% stake in Prolec GE, an electric industry leader in North America producing transformers and components, for $5.3 billion, integrating it into the Electrification segment. Adjusted EBITDA nearly doubled to $0.9 billion, and free cash flow significantly improved to $4.8 billion. The Electrification segment experienced substantial growth, with revenues up 61% and EBITDA rising sharply, fueled by the Prolec GE acquisition and strong demand for switchgear, transformers, and substation solutions. The Power segment also performed well, with revenues increasing 12% and EBITDA up 57%, largely due to Heavy-Duty Gas Turbines and favorable pricing. Conversely, the Wind segment faced significant challenges, with revenues declining 23% and EBITDA worsening to a $(382) million loss. This was attributed to lower Onshore Wind deliveries, the impact of global tariffs estimated at $250-$350 million for 2026, and higher contract losses in Offshore Wind, despite the Vineyard Wind project moving to commissioning. GEV issued $2.6 billion in senior notes to help fund the Prolec GE acquisition and increased its share repurchase authorization to $10.0 billion, repurchasing $1.3 billion in the quarter. |
Source: SEC EDGAR filing text and events; period Jul 22, 2026; filed Jul 22, 2026.
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