# GE Vernova Lifts Outlook as Orders and Backlog Expand

The energy equipment company raised revenue and cash-flow projections after reporting $29.3 billion in quarterly orders.

By Will Langan | 24X7 News
Published: 2026-10-28T11:06:17.344Z
Updated: 2026-10-28T11:06:17.344Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/ge-vernova-third-quarter-2026-results-outlook-october-28

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.

## Sources
- GE Vernova Third-Quarter 2026 Earnings Release, SEC Exhibit 99: https://www.sec.gov/Archives/edgar/data/1996810/000199681026000162/gevpressrelease3q26.htm