GE Vernova raised its full-year financial outlook on October 28 after reporting third-quarter revenue of $12.6 billion, up 27% from a year earlier, according to its SEC-filed earnings release.
Orders reached $29.3 billion, increasing 96% on the company's organic basis. Its backlog grew $20 billion from the previous quarter to $197 billion. The results cover the quarter ended September 30.
The company reported approximately $1.3 billion in net income and $6.1 billion in cash from operating activities. Adjusted earnings before interest, taxes, depreciation and amortization were $1.9 billion.
GE Vernova now expects 2026 revenue of $46.5 billion to $47.5 billion, compared with its previous $45.5 billion to $46.5 billion range. It raised its free-cash-flow forecast to $16 billion to $17 billion from $11.5 billion to $12.5 billion.
Organic growth, adjusted earnings and free cash flow are supplemental, non-GAAP measures.
Its board doubled its share-repurchase authorization to $20 billion in October. An authorization permits purchases; it does not mean that entire amount has been spent.
Sources: GE Vernova earnings release filed with the SEC.