GE Vernova (GEV) official guidance

We continue to expect full-year 2026 corporate costs to be between $450 million-$500 million as we continue investing in AI, robotics, and automation to drive productivity over the medium and long term.

We continue to expect full year 2026 corporate costs to be between $450 million-$500 million as we continue investing in AI, robotics, and automation to drive productivity over the medium and long term.

We expect full year 2026 corporate cost to be between $450 million and $500 million as we continue investing in AI, robotics, and automation to drive productivity over the medium and long term.

•Wind: Organic revenue\* down mid-single digits, versus prior guidance of down low-double digits, and $400-$500 million of segment EBITDA losses, versus prior guidance of approximately $400 million of segment EBITDA losses.

We still expect EBITDA losses to be approximately $400 million in 2026, as improvement in onshore wind services and offshore wind offset the lower onshore equipment volume.

Wind: Organic revenue\* down low-double digits and approximately $400 million of segment EBITDA losses.

•Wind: Organic revenue\* down low-double digits and approximately $400 million of segment EBITDA losses.

But we expect EBITDA losses to be approximately $400 million in 2026, which is consistent with our expectations discussed in December, as improvement in onshore wind services and offshore wind offset the lower onshore equipment volume.

Wind: Organic revenue* down low-double digits and approximately $400 million of segment EBITDA losses, versus prior guidance of similar segment EBITDA losses to 2025.

GE Vernova is raising its 2026 financial guidance and now expects revenue of $46.5-$47.5 billion, up from $45.5-$46.5 billion, adjusted EBITDA margin\* of 13.5%-14.5%, up from 12%-14%, and free cash flow\* of $16-$17 billion, up from $11.5-$12.5 billion.

GE Vernova is raising its 2026 financial guidance and now expects revenue of $45.5-$46.5 billion, up from $44.5-$45.5 billion, and free cash flow\* of $11.5-$12.5 billion, up from $6.5-$7.5 billion; adjusted EBITDA margin\* guidance remains 12%-14%.

We're raising adjusted EBITDA margin by 1 point at both ends of the range to 12%-14%, driven by Power and Electrification.

GE Vernova is raising its 2026 financial guidance and now expects revenue of $44.5-$45.5 billion, up from $44-45 billion, adjusted EBITDA margin\* of 12%-14%, up from 11%-13%, and free cash flow\* of $6.5-$7.5 billion, up from $5.0-$5.5 billion.

We continue to expect adjusted EBITDA margins of 11%-13% as we deliver our growing backlog with favorable pricing plus improved operational execution.

For 2026, GE Vernova now expects revenue of $44-$45 billion, up from $41-$42 billion, adjusted EBITDA margin* of 11%-13%, and free cash flow* of $5.0-$5.5 billion, up from $4.5-$5.0 billion.

•Electrification: Revenue of $14.5-$15.0 billion, including approximately $3.1 billion from Prolec GE, and 18%-20% segment EBITDA margin, now trending toward the higher end of the range.

We continue to expect Electrification EBITDA margin to be 18%-20%.

Electrification: Revenue of $14.5-$15.0 billion, inclusive of approximately $3.1 billion from Prolec GE, up from $14.0-$14.5 billion, inclusive of approximately $3.0 billion from Prolec GE, and 18%-20% segment EBITDA margin.

Given higher top-line expectations, we're increasing Electrification EBITDA margin to 18%-20%, up from 17%-19%.

•Electrification: Revenue of $14.0-$14.5 billion, up from $13.5-$14.0 billion, which includes approximately $3 billion from Prolec GE, and 18%-20% segment EBITDA margin, up from 17%-19%.

We continue to expect EBITDA margin to expand to 17%-19% as we deliver our more profitable backlog.

Electrification: Revenue of $13.5-$14.0 billion, which includes approximately $3 billion from Prolec GE, versus prior guidance of approximately 20% organic revenue* growth, and maintaining 17%-19% segment EBITDA margin.

•Power: 19%-21% organic revenue\* growth, up from 18%-20%, and 19%-21% segment EBITDA margin, up from 17%-19%.

We continue to anticipate Power EBITDA margins to be between 17%-19% as we see the benefits of our productivity efforts.

Power: 18%-20% organic revenue\* growth, up from 16%-18%, and 17%-19% segment EBITDA margin.

We now anticipate power EBITDA margins to be between 17%-19%, up from our previous range of 16%-18%, as we continue to see the benefits of our productivity efforts.

•Power: 16%-18% organic revenue\* growth and 17%-19% segment EBITDA margin, up from 16%-18%.

We anticipate power EBITDA margins to be between 16% and 18%, as positive price, increased volume leverage, and productivity more than offset inflationary impacts and the additional expenses for AI, automation, and increased production.

Power: 16%-18% organic revenue* growth and 16%-18% segment EBITDA margin.

Our 2026 guidance includes an approximately 30% year-over-year combined increase in R&D and CapEx to support innovation and growth.

Our 2026 guidance includes an approximately 30% year-over-year combined increase in R&D and CapEx to support innovation and growth.

•Electrification: Revenue of $14.5-$15.0 billion, including approximately $3.1 billion from Prolec GE, and 18%-20% segment EBITDA margin, now trending toward the higher end of the range.

In Electrification, we're raising our revenue expectations by $500 million to $14.5 billion-$15 billion due to accelerated output on our capacity plans and better Prolec revenue.

Electrification: Revenue of $14.5-$15.0 billion, inclusive of approximately $3.1 billion from Prolec GE, up from $14.0-$14.5 billion, inclusive of approximately $3.0 billion from Prolec GE, and 18%-20% segment EBITDA margin.

We'll approach $14.5 billion in revenue this year, but project an annual addressable market by the end of the decade of approximately $300 billion based on what we offer today.

•Electrification: Revenue of $14.0-$14.5 billion, up from $13.5-$14.0 billion, which includes approximately $3 billion from Prolec GE, and 18%-20% segment EBITDA margin, up from 17%-19%.

In electrification, we now anticipate revenue to be between $13.5 billion and $14 billion, which represents 20% organic growth, plus approximately $3 billion of revenue from Prolec GE.

Electrification: Revenue of $13.5-$14.0 billion, which includes approximately $3 billion from Prolec GE, versus prior guidance of approximately 20% organic revenue* growth, and maintaining 17%-19% segment EBITDA margin.

GE Vernova is raising its 2026 financial guidance and now expects revenue of $46.5-$47.5 billion, up from $45.5-$46.5 billion, adjusted EBITDA margin\* of 13.5%-14.5%, up from 12%-14%, and free cash flow\* of $16-$17 billion, up from $11.5-$12.5 billion.

For revenue, we now expect to be in the range of $45.5 billion-$46.5 billion, up $1 billion compared to our previous expectation due to additional growth at Electrification and Power.

GE Vernova is raising its 2026 financial guidance and now expects revenue of $45.5-$46.5 billion, up from $44.5-$45.5 billion, and free cash flow\* of $11.5-$12.5 billion, up from $6.5-$7.5 billion; adjusted EBITDA margin\* guidance remains 12%-14%.

For the full year, we're raising our guidance based on the strong 1Q results and the continued momentum we see in our business. For revenue, we now expect to be in the range of $44.5 bilion-$45.5 billion, up $500 million compared to our previous expectation due to additional growth at Electrification.

GE Vernova is raising its 2026 financial guidance and now expects revenue of $44.5-$45.5 billion, up from $44-45 billion, adjusted EBITDA margin\* of 12%-14%, up from 11%-13%, and free cash flow\* of $6.5-$7.5 billion, up from $5.0-$5.5 billion.

We now expect full year 2026 revenue to be in the range of $44 billion-$45 billion, up from $41 billion-$42 billion, with growth in both services and equipment.

For 2026, GE Vernova now expects revenue of $44-$45 billion, up from $41-$42 billion, adjusted EBITDA margin* of 11%-13%, and free cash flow* of $5.0-$5.5 billion, up from $4.5-$5.0 billion.