GE Vernova's second quarter 2025 earnings call highlighted strong performance in the Power and Electrification segments, positive cash flow, and strategic investments in growth and acquisitions. However, challenges in the Wind segment and European HVDC orders were noted, alongside planned restructuring costs. The positive achievements and increased guidance outweigh the challenges faced.

Company Guidance -

Q3 2025

In the second quarter of 2025, GE Vernova provided updated guidance highlighting strong performance across its business segments. The company reported a 12% increase in revenue, driven by growth in equipment and services, and achieved an adjusted EBITDA margin expansion of 80 basis points. Orders reached $12.4 billion, growing the total backlog to $129 billion. The Power segment saw a 44% increase in orders and delivered an EBITDA margin of 16.4%. Electrification achieved a 20% revenue growth and a 14.6% EBITDA margin. Despite challenges, the Wind segment is expected to approach breakeven in the second half of the year. GE Vernova raised its full-year free cash flow guidance to $3-3.5 billion, reflecting strong first-half results and increased order activity. The company is also planning restructuring to save $250-275 million annually starting in 2026.

Strong Power Segment Performance

Power segment orders grew 44% year-over-year, driven by Gas Power equipment orders nearly tripling. EBITDA margins expanded to 16.4%, with robust demand for gas turbines and services.

Electrification Segment Growth

Electrification revenue increased by 20% with significant margin expansion to 14.6%. The segment saw robust demand and expanded equipment backlog by more than $6 billion compared to the previous year.

Positive Free Cash Flow and Strong Cash Position

GE Vernova generated positive free cash flow of approximately $200 million in Q2 2025, ending the quarter with a healthy cash balance of nearly $8 billion.

Increased Full-Year Guidance

The company raised its full-year guidance, expecting revenue at the higher end of the $36 billion to $37 billion range, with adjusted EBITDA margin between 8% and 9%.

Strategic Acquisitions

GE Vernova announced the acquisition of Alteia to enhance its electrification software business, integrating AI and visualization technologies with GridOS.

Stock Buybacks and Investment in Growth

The company repurchased $1.6 billion of stock in 2025 and announced an incremental investment of up to $100 million in the Charleroi factory, supporting job creation and doubling volume output by 2028.

GE Vernova Inc. (GEV) Earnings, Revenues Date & History

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GEV Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.67 / -	-0.159	―	―	―
Jul 23, 2025	2025 (Q2)	1.48 / 1.73	0.081	2034.57% (+1.65)
Apr 23, 2025	2025 (Q1)	0.47 / 1.07	-0.41	361.95% (+1.48)
Jan 22, 2025	2024 (Q4)	2.28 / 0.81	1.7	-52.41% (-0.89)
Oct 23, 2024	2024 (Q3)	0.19 / -0.16	-0.62	74.35% (+0.46)
Jul 24, 2024	2024 (Q2)	0.74 / 0.08	-0.547	114.81% (+0.63)
Apr 25, 2024	2024 (Q1)	-0.48 / -0.41	-1.149	64.32% (+0.74)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GEV Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 23, 2025	$548.99	$629.03	+14.58%
Apr 23, 2025	$325.93	$335.94	+3.07%
Jan 22, 2025	$415.50	$426.59	+2.67%
Oct 23, 2024	$275.88	$279.34	+1.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.