GE Vernova (GEV) Expects $200 Billion Backlog by Early 2027
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowGE Vernova Inc. (NYSE: GEV) anticipates reaching a $200 billion backlog 'very early' in 2027 due to strong demand. The current backlog is $167 billion, having grown $13 billion from the previous quarter and up 37% year-over-year. Notable financial figures include a revenue growth of 22% year-over-year to $11.1 billion in Q2 and free cash flow of $5.1 billion, surpassing the full-year 2025 forecast. For 2026, GEV has raised its revenue outlook to between $45.5 billion and $46.5 billion, reflecting strong demand amid the AI boom, which is crucial for investors monitoring future cash flows.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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