GE Vernova Inc (NYSE:GEV) on Wednesday reported better-than-expected first-quarter financial results and raised its FY26 sales guidance above estimates.

Adjusted EPS was $2.06, topping the $1.88 estimate, while revenue of $9.339 billion exceeded the $9.173 billion consensus. GAAP diluted EPS was $17.44.

Revenue rose 16% year over year, with organic growth of 7%, while net income reached $4.7 billion, including $4.5 billion in pre-tax M&A gains primarily from Prolec GE.

CEO Scott Strazik said, “We had a solid start to 2026 as we continue to serve the growing, long-cycle electric power market. Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter.”

GE Vernova raised its full-year 2026 revenue outlook to $44.5 billion to $45.5 billion from $44.0 billion to $45.0 billion, versus a $44.474 billion estimate.

GE Vernova shares gained 1.9% to $1,149.41 in pre-market trading.

These analysts made changes to their price targets on GE Vernova following earnings announcement.

  • Baird analyst Ben Kallo maintained GE Vernova with an Outperform rating and raised the price target from $1,008 to $1,400.
  • BMO Capital analyst Ameet Thakkar maintained the stock with an Outperform rating and boosted the price target from $1,110 to $1,250.

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