$GEV

GE Vernova | Raised Outlook, Accelerating Value Creation
GE Vernova has revised its multi-year financial framework upward. The announced steps show that GE Vernova has moved beyond a restructuring story and entered a value creation phase based on sustainable cash generation.
The company doubling its dividend, increasing its share buyback authorization from $6 billion to $10 billion, and raising its long-term revenue and profitability targets clearly support that the market reaction is not unfounded.

Short- and Mid-Term Outlook: 2025–2026 Guidance
The initial 2026 guidance provided by management shows that growth continues strongly.
• 2026 revenue expectation: $41–42 billion
• 2026 free cash flow: $4.5–5 billion
In parallel, the 2025 free cash flow expectation was raised to $3.5–4 billion, while the revenue expectation was maintained at $36–37 billion with emphasis on the upper end. These revisions indicate that backlog strength, margin structure improvement, and pricing discipline are coming into play.

Segment-level organic growth expectations for 2026 are also quite strong:
• Power: 16–18%
• Electrification: 20%
Long-Term Picture: 2028 and Beyond
GE Vernova is now targeting $52 billion in revenue by 2028. Compared to the previous $45 billion / high single-digit CAGR expectation, this points to a low double-digit compound growth rate.
At the same time, raising the adjusted EBITDA margin target from 14% to 20% clearly reflects the company’s operational leverage potential and a lasting improvement in pricing power.
CEO Scott Strazik’s statement, “early chapters of an incredible value creation opportunity,” is grounded in confidence supported by financial metrics.