Investing.com -- GE Vernova Inc. (NYSE: GEV) reported second-quarter results that missed earnings expectations despite beating revenue estimates, with shares falling 2.7% premarket following the announcement.

The company posted adjusted EPS of $2.47 for the quarter, falling short of the analyst consensus of $3.04. Revenue reached $11.1 billion, exceeding the $10.73 billion estimate and marking a 22% increase from the prior year period. The revenue growth was driven by strong performance in Power and Electrification segments, up 12% organically.

CEO Scott Strazik attributed the results to growing global demand, noting "With a backlog of $176 billion, continued revenue growth and margin expansion, and significant free cash flow generation, GE Vernova's momentum is building."

Despite the earnings shortfall, the company raised its full-year 2026 revenue guidance to $45.5-$46.5 billion from $44.5-$45.5 billion. The midpoint of $46 billion sits slightly above the analyst consensus of $45.45 billion. GE Vernova also increased its free cash flow outlook to $11.5-$12.5 billion from $6.5-$7.5 billion, while maintaining its adjusted EBITDA margin guidance of 12%-14%.

Orders surged 88% organically to $24.2 billion, led by robust growth in Power and Electrification. The Power segment signed 20 GW of new gas equipment contracts, expanding its backlog to 116 GW. The company now anticipates reaching at least 125 GW by year-end 2026. Electrification orders jumped 66% organically to $6.3 billion, with data center orders exceeding $5 billion year-to-date, more than double the 2025 total.

Free cash flow reached $5.1 billion in the quarter, surpassing all of 2025, driven by improved working capital and stronger adjusted EBITDA.

The Wind segment continued to face challenges, with revenues declining 10% and segment EBITDA losses of $275 million due to lower Onshore Wind equipment volume and higher Offshore Wind project costs.