15 analysts' median target is $1195[FMP target], stock is $1063, +12.4% upside potential. After Q1 +1.5% EPS beat[FMP earnings], the stock moved +1.9%.
A- = MoonshotScore 44[9-pillar formula] + Council 3/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $10.7B[FMP est], EPS $3.10[FMP est]. 2 consecutive quarters of beat[FMP earnings].
Q1 EPS +1.5% beat[FMP] but the stock +1.9% D+1[FMP D+1]. Kenneth S. Parks promised $397.0M CapEx + a sequential decline in Q4 during the Q1 earnings call[Kenneth S. Parks capex transcript].
Watchlist
Backlog Growth
backlog_growth
GE Vernova's total backlog has significantly increased since the spin-off, growing from $116 billion to $163 billion, and is expected to reach $200 billion in 2027.
"Since our spin, we launched with a $116 billion backlog. We have grown this backlog to $163 billion with an 80% increase in our equipment backlog at considerably better margins. In the last 90 days, we have added $13 billion to our total backlog and now expect to reach $200 billion in backlog in 2027, versus our previous expectation of 2028."
- Scott L. Strazik, CEO - Q1 FY26 Earnings Call - April 22, 2026
Fy26 Revenue Guidance
fy26_revenue_guidance
GE Vernova is raising its revenue guidance for 2026 to a range of $44.5 billion to $45.5 billion, up $500 million compared to its previous expectation due to additional growth at Electrification.
"For revenue, we now expect to be in the range of $44.5 billion to $45.5 billion, up $500 million compared to our previous expectation due to additional growth at Electrification."
- Kenneth S. Parks, CFO - Q1 FY26 Earnings Call - April 22, 2026
Electrification Revenue Guidance
electrification_revenue_guidance
GE Vernova anticipates second-quarter 2026 Electrification revenues to be between $3.3 billion and $3.5 billion, a significant year-over-year increase.
"Second-quarter Electrification revenues should be between $3.3 billion and $3.5 billion, a significant year-over-year increase."
- Kenneth S. Parks, CFO - Q1 FY26 Earnings Call - April 22, 2026
Electrification Data Center Orders
electrification_data_center_orders
GE Vernova's Q1 Electrification orders to data centers exceeded $2.4 billion, surpassing the full year of 2025 results.
"Electrification’s growth trajectory has been significant. Since year-end 2022, its backlog has grown from $9 billion to $42 billion, and we expect substantially more growth moving forward. This is being driven not just by traditional customers, but also data centers, which accounted for approximately $2.4 billion in orders in Q1-more than the full year of 2025. Just to repeat that, our Q1 Electrification orders to data centers were more than full-year 2025 results."
- Scott L. Strazik, CEO - Q1 FY26 Earnings Call - April 22, 2026
Power Equipment Orders
power_equipment_orders
GE Vernova has booked more Power equipment orders quarter-to-date in April in terms of value than it did in all of Q1 2026.
"Quarter-to-date, we have booked more Power equipment orders in terms of value than we did in all of Q1 2026."
- Scott L. Strazik, CEO - Q1 FY26 Earnings Call - April 22, 2026
Stock Expert AI - Methodology
9-pillar methodology. Cash Runway and Price Momentum strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 3 bullish (Ray Dalio, Ken Griffin, Buffett), 0 bearish (none), 3 neutral (Jim Simons, Klarman, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q1 (April 22, 2026): EPS $1.98 vs $1.95 est[FMP], +1.5% beat. D+1 movement: +1.9%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $1.98 vs $1.95 beat[FMP], stock +1.9% D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $397.0M[FMP cashflow]. Q1 op margin 1.9%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
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: Q4 EPS threshold $3.10[FMP], CapEx threshold "below $397.0M"[Kenneth S. Parks]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades 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 Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-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
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.
This GEV (GEV) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.