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GE Vernova Inc.
GEV - NYSE - $990.29 ▲ +%0.85
-
Earnings
Wed 28 Oct
GE Vernova opens the
books on Wednesday evening.
8 analysts' median target is $1274[FMP target], stock is $990, +28.6% vs the analyst consensus median. After Q2 +-22.1% EPS beat[FMP earnings], the stock moved +4.7%.
↓
summary below
Quick Take - in 40 seconds
A-
BUY
Council 4/6
-
Moonshot 49
A- = MoonshotScore 49[multi-pillar formula] + Council 4/6[6-lens rule]. Power guidance reduction from 14% -> 17-19%[Ken Parks Q-prev transcript] and the current Form 4 signal (0 transactions)[FMP Form 4] prevented an A- grade.
Quick AnswerGEV
Q1 consensus: revenue $12.0B[FMP est], EPS $4.00[FMP est]. Ken Parks lowered Power guidance to 17-19% (previous 14%) in the Q2 earnings call[Ken Parks Q-prev transcript]. 0 consecutive quarters of beat[FMP earnings].
$4.00
EPS Estimate
Last year $17.44 - +144% YoY YoY
19%
Power Guidance
Previous quarter was 14%
0
Beat Streak
Expectations beaten consecutively for the last 0 quarters
Q2 EPS +-22.1% beat[FMP] but the stock +4.7% D+1[FMP D+1].
$10 billion
Expectation / Guide
Free Cash Flow Guidance
free_cash_flow_guidance
GE Vernova generated $10 billion in free cash flow year-to-date and raised its 2026 free cash flow guidance to between $11.5 billion and $12.5 billion.
"Year-to-date, we have generated approximately $10 billion in free cash flow, more than 2.5 times our 2025 results... we're increasing our 2026 free cash flow guidance to between $11.5 billion and $12.5 billion, up from $6.5 billion-$7.5 billion."
- Ken Parks, CFO - Q2 FY26 Earnings Call - July 22, 2026
Margin Expansion Productivity
margin_expansion_productivity
The company significantly expanded margins to 10.5% in the first half of 2026, up 360 basis points from the first half of 2025, and achieved 20% savings in sourcing.
"In the first half of 2026, we have grown margins to 10.5%, up 360 basis points from the first half of 2025... As a result, we've negotiated approximately 20% savings on an additional approximately $300 million of spend."
- Scott Strazik, CEO - Q2 FY26 Earnings Call - July 22, 2026
$2.7 billion
Investor Focus
Electrification Data Center Growth
electrification_data_center_growth
The Electrification segment demonstrated strong growth with $2.7 billion in data center orders in Q2 and over $5 billion total in the first half of 2026.
"In 2Q, we booked $2.7 billion of data center orders in Electrification, bringing total segment data center orders to over $5 billion in the first half of 2026, more than double full year 2025."
- Scott Strazik, CEO - Q2 FY26 Earnings Call - July 22, 2026
$176 billion
Expectation / Guide
Backlog Growth Outlook
backlog_growth_outlook
GE Vernova's total backlog has reached $176 billion, marking significant growth, and is on track to reach $200 billion by 2027.
"Our total backlog has reached $176 billion with improving margins. This is up $13 billion from last quarter and is on track to reach $200 billion in 2027."
- Scott Strazik, CEO - Q2 FY26 Earnings Call - July 22, 2026
20-gigawatt
Investor Focus
Capacity Expansion Long Term Investment
capacity_expansion_long_term_investment
The company aims to expand Gas Power production capacity to 30 gigawatts annually by 2030 and is investing in new technologies like SMRs and solid-state transformers.
"In gas power, given that we've now reached our 20-gigawatt annualized run rate and are on track for 24 gigawatts in 2028, we now see further opportunity to serve this growing demand with 30 gigawatts of annual output in 2030... In 2Q, we secured two more tech selects and early work agreements for our SMR in the U.S. In Electrification, we're making progress on solid-state transformers."
- Scott Strazik, CEO - Q2 FY26 Earnings Call - July 22, 2026
three gigawatts
Investor Focus
Gas Power Demand Pricing
gas_power_demand_pricing
Gas Power equipment orders reached 20 gigawatts, with pricing more than 20% above 4Q 2025 equipment orders.
"In Gas Power, we shipped three gigawatts while signing 20 gigawatts of orders and slot reservation agreements in the quarter... On the equipment side, first half 2026 orders were priced more than 20% above 4Q 2025 equipment orders, reflecting a conversion of higher-priced SRAs to backlog."
- Scott Strazik, CEO - Q2 FY26 Earnings Call - July 22, 2026
Stock Expert AI - Methodology
Do our scoring pillars, 7 perspectives, and Munger lens point in the same direction?
MoonshotScore
49 / 100
multi-pillar methodology. Cash Runway and News Sentiment strong. Gross Margin weak.
How is it calculated? ->
Revenue Growth6.0
Q2 vs Q3: healthy growth (+11.4%)
Gross Margin2.0
Q2: low margin (21.3%, capital-intensive or commodity)
Operating Leverage1.0
op margin average (5.9%)
Cash Runway10.0
FCF very strong ($5.1B, 13.2x CapEx)
R&D Intensity3.0
average R&D (3.2%)
Price Momentum4.0
RSI 46.3 balanced, 50d below
News Sentiment8.0
strong buy consensus (79%)
Council Score
4 / 6 Bullish
6 investor frameworks. 4 bullish (Ray Dalio, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 1 neutral (Jim Simons).
How is it calculated? ->
Ray Dalio macro - target upside +28.6%
Ken Griffin flow - 50d MA below
Jim Simons quant - RSI 46
Klarman value - target upside +28.6%
Buffett quality - ROE score 5/5
Munger valuation - target upside +28.6%
Munger's Mindset character & balance sheet lens
Undervalued
Quality business, discounted price.
How is it calculated? ->
Interest CoverageAdequate
Technical Levels - Pre-earnings positioning
What levels is the stock being tested at?
RSI(14)
46.3
RSI 46.3 balanced, 50d below
MACD
-3.40
price below 50d - resistance dominant
50d MA
$1025
stock 3.4% below - short-term resistance
200d MA
$836
stock 18.4% above - long-term support
Volume (10d)
-39%
decrease - low participation
Resistance
$1274
Analyst median target - upgrade trigger if broken
Current
$990
Pre-earnings position
Support
$711
Invalidation - close below this is a technical breakdown
Pattern
Range
$711-$1274 band - earnings breakout/breakdown trigger
Past Performance
GE's last 8 quarters: 0 consecutive beats.
MISS
Q3 FY25
$1.64 vs $1.72 est - +3.3%
BEAT
Q4 FY25
$13.39 vs $2.93 est - +0.8%
BEAT
Q1 FY26
$17.44 vs $1.95 est - +1.9%
MISS
Q2 FY26
$2.47 vs $3.17 est - +4.7%
Q2 (July 22, 2026): EPS $2.47 vs $3.17 est[FMP], +-22.1% beat. D+1 movement: +4.7%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Three scenarios: what could happen?
Power below 35%
Q2: EPS $2.47 vs $3.17 beat[FMP], stock +4.7% D+1[FMP]. Ken Parks Q2 transcript: "Looking to the third quarter of 2026 at Power, we expect continued strong gas equipment orders. We also anticipate 17%-19% revenue growth driven by higher equipment as we increase our annualized run rate for gas power equipment shipments and continued higher services."[Ken Parks].
"Looking to the third quarter of 2026 at Power, we expect continued strong gas equipment orders. We also anticipate 17%-19% revenue growth driven by higher equipment as we increase our annualized run rate for gas power equipment shipments and continued higher services."
- Ken Parks, CFO - Q2 FY26 Earnings Call - July 22, 2026
Backlog concentration
No RPO/backlog concentration disclosed in Q2 earnings call.
Insider trading signal
Form 4 data is marked in the table - this page does not generate assumptions for this stock.
Our FMP plan does not provide Form 4 insider feed for this stock. This page does not generate assumptions - SEC EDGAR Form 4 can be monitored directly.
CapEx shock
Q2 CapEx $386.0M[FMP cashflow]. Q2 op margin 5.9%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.
"-"
- Ken Parks, CFO - Q2 FY26 Earnings Call - July 22, 2026
Framework - Position discipline
After the data arrives: 3 scenarios, 3 windows
Not advice - a structural framework for earnings night. Decision discipline is yours.
Scenario A - Beat
Q1 EPS > $4.00 + Power >= 19%
Threshold: EPS > $4.00[FMP est] and Power >= 19%[Ken Parks transcript].
Target: Break above median target $1274[FMP target]; high target $1450[FMP] upper bound.
Scenario B - In-Line
EPS approx $4.00 + Power 17-19%
Threshold: EPS approx $4.00[FMP est], Power 17-19%, Q1 CapEx < $386.0M[FMP].
Target: Consolidation in the band between current $990[FMP] and median $1274[FMP].
Scenario C - Miss
EPS < $3.88 or Power < 35% or CapEx >= $386.0M
Threshold: EPS < $3.88[FMP estx0.97] or Power < 35%[Ken Parks guidance lower minus 2].
Target: Current $990 below SMA200 $836[FMP], if rejection continues, $711[derived] support activates.
Sizing
Earnings volatility -> max portfolio 1-2%. Waiting for earnings is not a gamble, it's a position entrustment.
Timing
IV crush within 24 hours post-earnings. Waiting for premium decay makes options preferable to spot.
Staging
Don't go all-in at once, divide into 3: initial reaction, 24 hours later, after Friday's close.
Market Outlook
What do 8 analysts say?
Wall Street Consensus
$1274
12-month median target price (+28.6% gap to the analyst consensus median)
Risk Management
$711
Invalidation level - critical support threshold
$1025 - 50-day MA (below, -3.4%)
$836 - 200-day MA (above, +18.4%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - GEV Q1 FY27
A-
You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Wednesday evening. The framework is ready on this page: Q1 EPS threshold $4.00[FMP], Power guidance 17-19%[Ken Parks], CapEx threshold "below $386.0M". Three anchors, three scenarios.
Comparison
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Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI is free today — no credit card. Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
Catalyst Calendar - 90-day forward look
Oct 28, 2026EARNINGSQ1 FY27 results (after market close) + earnings call
Oct 29, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Dec 12, 2026FILING10-Q deadline - segment breakdown + RPO detail (SEC rule: quarter-end + 45 days)
~Jan 28, 2027EARNINGSQ2 FY27 (next quarter, date not yet scheduled in FMP)
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
Frequently Asked Questions
What does the GEV earnings preview cover?
This GE Vernova Inc. (GEV) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
What should investors watch for in GEV earnings?
GE Vernova Inc. (GEV): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
Where do the numbers on this page come from?
GE Vernova Inc. (GEV): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
Is this a buy or sell recommendation?
GE Vernova Inc. (GEV): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.