GE Vernova (GEV) Expects $200 Billion Backlog by Early 2027
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGE Vernova Inc. (NYSE: GEV) anticipates reaching a $200 billion backlog 'very early' in 2027 due to strong demand. The current backlog is $167 billion, having grown $13 billion from the previous quarter and up 37% year-over-year. Notable financial figures include a revenue growth of 22% year-over-year to $11.1 billion in Q2 and free cash flow of $5.1 billion, surpassing the full-year 2025 forecast. For 2026, GEV has raised its revenue outlook to between $45.5 billion and $46.5 billion, reflecting strong demand amid the AI boom, which is crucial for investors monitoring future cash flows.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About GE Vernova Inc. (GEV)
GE Vernova is a power-generation and electrification-equipment company spun off from GE.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
Earlier GEV news
- GE Vernova Backlog Surges at Morgan Stanley Conference
- Constellation Energy (CEG) and GE Vernova (GEV) Thrive Amid Data Needs
- GE Vernova's $176 Billion Backlog Surpasses Some Countries' GDP
- Super Micro Computer and GE Vernova Lead Premarket Stock Moves
- NuScale Power (SMR) Stock Declines 42% Amid Speculative Concerns
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