GE Vernova raised its full-year 2026 revenue forecast to $45.5 billion to $46.5 billion on Wednesday, as surging orders for power equipment driven by artificial intelligence data center demand outpaced earlier expectations.
The power equipment maker reported $24.2 billion in orders during the second quarter, reflecting strong momentum across both its power and electrification business units, according to Reuters.
The revenue increase marks the second consecutive forecast raise in 2026. In April, following first-quarter earnings, GE Vernova had lifted its outlook to $44.5 billion to $45.5 billion, signaling accelerating demand for the company’s gas turbines and grid infrastructure products. The latest raise of $1 billion at the upper end reflects the intensity of orders flowing in from data center operators racing to secure power capacity.
U.S. power consumption is forecast to rise in 2026 and 2027 as data-center expansion and electrification drive demand, with commercial-sector demand expected to outpace residential this year, according to Reuters. GE Vernova’s turbines have become essential infrastructure for this expansion, with the company supplying power systems to major data center builds, including Elon Musk’s xAI Colossus 1 facility and Microsoft data centers in Texas, according to CNBC reporting in June.
Wall Street had expected GE Vernova to report Q2 revenue around $10.72 billion and earnings per share of $3.17 to $3.18 before the company’s earnings announcement. The second consecutive forecast raise underscores how severely supply-constrained the power equipment market has become, with data center operators willing to pay premium prices for reliable capacity.
Sources
- Reuters — GE Vernova’s July 22, 2026 revenue forecast raise, Q2 orders of $24.2 billion, and context on U.S. power demand trends
- CNBC — GE Vernova turbines powering xAI Colossus 1 and Microsoft data centers (June 27, 2026)
- Investor’s Business Daily, GuruFocus, and market consensus — Pre-earnings analyst expectations for Q2 2026 revenue and EPS
