Electrical Equipment
Price
$941.95
+0.01%Market Cap
$251.22B
Day High
$959.00
Day Low
$939.32
GE Vernova delivered strong Q2 FY2026 results with revenue up 21.9% to $11.1B and operating income up 72.8% to $653M, driven by the Prolec GE acquisition and robust Electrification and Power segment growth, though net margin was pressured by a higher effective tax rate of 29.8% and Offshore Wind continued to post segment losses.
Key risk: Offshore Wind Segment Losses and Execution Risk
The Wind segment reported negative segment EBITDA of $(275)M for the quarter, worsening from $(165)M a year earlier, with Offshore Wind experiencing higher project costs and cost/timeline pressure as it works through remaining commissioning and unresolved claims/counterclaims with its customer on the Vineyard Wind project.