--- canonical_url: https://www.stockexpertai.com/earnings/gev last_updated: 2026-05-03T20:52:34.346Z --- # GE Vernova Inc. (GEV) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-03T20:52:33.096Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $1062.95 (▼ -1.89%) | fmp:quote | | Market Cap | $285.6B | fmp:profile | | 52w range | $387.03 – $1181.95 | fmp:quote | | Earnings | Wed 29 Jul | fmp:earnings-history | | EPS estimate | $3.10 (+67% YoY) | fmp:earnings-estimate | | Revenue estimate | $10.7B | fmp:earnings-estimate | | Beat streak | 2/4 | fmp:earnings-history | | Rating | A- (overall 4/5) | fmp:ratings | | Analyst median target | $1195 (+12.4% upside) | fmp:price-target-consensus | | MoonshotScore | 44/100 | derived | | Council | 3/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## GE Vernova Inc. — Q4 FY2026 Expectations Q4 consensus: revenue $10.7B^{[FMP est]}, EPS $3.10^{[FMP est]}. 2 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** A- · **Stance:** HOLD · **Council:** 3/6 · **Moonshot:** 44 = MoonshotScore 44^{[9-pillar formula]} + Council 3/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (5 metrics) ### 1. 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, Investor Focus · Q1 FY2026 ### 2. 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, Expectation / Guide · Q1 FY2026 ### 3. 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, Expectation / Guide · Q1 FY2026 ### 4. 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, Investor Focus · Q1 FY2026 ### 5. 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, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 1.0 | weak | Q1 vs Q2: growth slowing (+2.5%, below threshold) | | Gross Margin | 2.0 | weak | Q1: low margin (19.1%, capital-intensive or commodity) | | Operating Leverage | 0.0 | weak | op margin weak (1.9%, under pressure) | | Cash Runway | 10.0 | strong | FCF very strong ($4.8B, 12.1× CapEx) | | R&D Intensity | 3.0 | weak | average R&D (3.2%) | | Price Momentum | 7.0 | strong | RSI 59.7 positive momentum, 50d above | | News Sentiment | 8.0 | strong | strong buy consensus (80%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +12.4% | | Ken Griffin | bull | flow · 50d MA above | | Jim Simons | neutral | quant · RSI 60 | | Klarman | neutral | value · target upside +12.4% | | Buffett | bull | quality · ROE score 5/5 | | Munger | neutral | valuation · target upside +12.4% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Strong - **Margin of Safety:** Moderate - **Interest Coverage:** Adequate - **ROIC vs WACC:** Healthy **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 59.7 — yükselişte nötr — overbought sınırının altında, momentum pozitif - **50d MA:** $923 — hisse %15.2 üstünde — kısa vadeli destek - **200d MA:** $709 — hisse %50.0 üstünde — uzun vadeli destek - **Volume (10d):** -41% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $1.86 | $1.48 | BEAT | -0.8% | | Q3 FY25 | $1.64 | $1.72 | MISS | +3.3% | | Q4 FY25 | $13.39 | $2.93 | BEAT | +0.8% | | Q1 FY26 | $1.98 | $1.95 | +1.5% EPS | +1.9% | 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. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $3.10 + CapEx discipline** Threshold: EPS > $3.10^{[FMP est]}. Target: Break above median target $1195^{[FMP target]}; high target $1400^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $3.10 + CapEx < $397.0M** Threshold: EPS ≈ $3.10^{[FMP est]}, Q4 CapEx < $397.0M^[FMP]. Target: Consolidation in the band between current $1063^[FMP] and median $1195^[FMP]. ### Scenario C · Miss **EPS < $3.01 or CapEx ≥ $397.0M** Threshold: EPS < $3.01^{[FMP est×0.97]}. Target: Current $1063 below SMA200 $709^[FMP], if rejection continues, $602^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $1.98 vs $1.95 beat^[FMP], stock +1.9% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $397.0M^{[FMP cashflow]}. Q1 op margin 1.9%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $1195 (+12.4% upside vs current $1063) - **High / Low:** $1400 / $714 - **Buy / Hold / Sell:** 28 / 7 / 0 - **Analyst count:** 15 (last quarter), 99 all-time ## Additional Transcript Insights ### 1. backlog_growth **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** $116 billion, $163 billion, 80%, $13 billion, $200 billion, 2027, 2028 ### 2. gas_power_demand **Claim:** GE Vernova continues to see significant demand and favorable pricing trends for both equipment and services, and this demand is global and spans a diverse set of customers. **Evidence (transcript):** "In Gas Power, we continue to see significant demand and favorable pricing trends for both equipment and services. This demand is global and spans a diverse set of customers." **Numbers:** — ### 3. power_equipment_orders **Claim:** 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. **Evidence (transcript):** "Quarter-to-date, we have booked more Power equipment orders in terms of value than we did in all of Q1 2026." **Numbers:** Q1 2026 ### 4. electrification_data_center_orders **Claim:** GE Vernova's Q1 Electrification orders to data centers exceeded $2.4 billion, surpassing the full year of 2025 results. **Evidence (transcript):** "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." **Numbers:** $2.4 billion, 2025, 9, 42 ### 5. electrification_revenue_guidance **Claim:** GE Vernova anticipates second-quarter 2026 Electrification revenues to be between $3.3 billion and $3.5 billion, a significant year-over-year increase. **Evidence (transcript):** "Second-quarter Electrification revenues should be between $3.3 billion and $3.5 billion, a significant year-over-year increase." **Numbers:** $3.3 billion, $3.5 billion, 2026 ### 6. fy26_revenue_guidance **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** $44.5 billion, $45.5 billion, $500 million, 2026 --- *Data source: FMP (live query, 2026-05-03), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*