GE Vernova lifts annual revenue forecast on data center demand
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GE Vernova's logo during the CERAWeek energy conference 2026 in Houston, Texas, U.S., March 24, 2026. REUTERS/Danielle Villasana/File Photo
April 22 (Reuters) - Power equipment maker GE Vernova on Wednesday raised its annual revenue forecast, as strong demand from data centers accelerated order growth across its power and electrification units.
The company now expects revenue of $44.5 billion to $45.5 billion in 2026, compared with its prior view of $44 billion to $45 billion.
It reported $18.3 billion in orders in the first quarter, a growth of more than 71% organically.
Its electrification unit reported a core profit of $528 million, up from $205 million from a year ago, while the power unit posted $811 million, nearly a 57% rise.
Analysts on average expected the company to report annual revenue of $44.5 billion in 2026, according to data compiled by LSEG.
(Reporting by Pooja Menon in Bengaluru; Editing by Sahal Muhammed)
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