GE Vernova Expects FY Rev $46.5 Bln To $47.5 Bln

What happened

GE Vernova said it expects full-year revenue of $46.5 billion to $47.5 billion and full-year free cash flow of $16 billion to $17 billion. It reported third-quarter revenue of $12.64 billion and earnings per share of $4.81.

Confirmed

Global impact / market context

The revenue outlook sits above the IBES estimate of $46.24 billion, which suggests the company expects demand for its equipment and services to stay strong. Higher revenue can lift profit and the cash available to fund buybacks and spending.

Analyst inference

GE Vernova said backlog growth of $20 billion from equipment and services reached $197 billion in the third quarter, so future contracted work is expanding. Its board also raised the share repurchase authorization to $20 billion, which means it can buy back more stock.

Analyst inference

What to watch

1. The company expects backlog to exceed $200 billion in the fourth quarter and to exit 2026 with at least 130 GW of gas equipment under contract, where GW means gigawatts of capacity. Confirmed
2. Investors could compare the $16 billion to $17 billion free cash flow range with the $20 billion buyback authorization to judge how much repurchase is funded by cash from operations. Analyst inference
3. Watch whether third-quarter revenue of $12.64 billion and earnings per share of $4.81 carry into future quarters, since slower equipment orders could affect revenue and profit per sale. Analyst inference

Evidence

• Original source link unavailable