GE Vernova Projects 2026 Revenue of $46.5B-$47.5B and Significant Free Cash Flow Growth
GE Vernova (GEV) has provided optimistic long-term financial guidance, projecting annual revenue between $46.5 billion and $47.5 billion by 2026. The company expects to generate substantial free cash flow in the range of $16 billion to $17 billion during that period, supported by a massive expansion in its order backlog. The company's growth is being driven by strong demand for core businesses and new products, resulting in nearly $30 billion in new orders. This momentum has pushed the total backlog from $176 billion to approximately $200 billion. To return value to shareholders, management highlighted a planned $20 billion buyback program alongside strategic moves such as the $9 billion Trench deal.
Tickers: $GEV
Topics: earnings call order backlog revenue growth