US EditionGE Vernova Capitalizes on AI Boom, Nears Top Spot Among State's Public Firms
CAMBRIDGE, MASSACHUSETTS, JUL 22 – GE Vernova raised 2025 revenue guidance to nearly $37 billion and increased free cash flow forecast by up to 30% after beating Q2 earnings estimates.
- GE Vernova, a General Electric spin-off based in Cambridge, reported strong second-quarter 2025 earnings with revenue of $9.11 billion and profit of $1.86 per share.
- The results exceeded Wall Street's consensus estimates due to increased equipment and service contract gains, driving backlog growth of $5.2 billion this quarter.
- CEO Scott Strazik raised revenue and free cash flow guidance for 2025, indicating expected revenue near $37 billion and free cash flow between $3 and $3.5 billion.
- Strazik expressed confidence in the company's ability to further enhance both growth and profit margins moving forward, as shares climbed nearly 8% in premarket trading to $589.99 on Wednesday.
- These strong financials position GE Vernova well for continued growth in the power and electrification sectors, supported by robust order intake and improved margins.
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Total News Sources14
Leaning Left3Leaning Right0Center6Last UpdatedBias Distribution67% Center
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- 67% of the sources are Center
67% Center
L 33%
C 67%
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