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GE Vernova boosts revenue outlook on AI power demand, wind losses widen

GE Vernova said it expects its wind business to lose roughly $400 million in 2026, even as power orders more than doubled.

Reported · Written up by our desk · Energy Transition

GE Vernova raised its full-year revenue outlook after another quarter of strong demand for gas turbines, grid equipment, and AI-driven electricity infrastructure, with wind remaining a weak spot, according to OilPrice.

The company reported second-quarter revenue of $11.1 billion, up 22% year over year, and it said orders jumped 88% to a record $24.2 billion, lifting its backlog to $176 billion.

GE Vernova said power orders more than doubled, driven by utilities and hyperscale data center developers, and it added that data center orders have already exceeded $5 billion this year. It also raised its 2026 revenue guidance to $45.5 billion to $46.5 billion.

In wind, GE Vernova reported revenue fell 10% to $2.03 billion, and adjusted EBITDA losses widened to roughly $275 million, citing lower onshore turbine deliveries, tariffs, and ongoing project headwinds. The company now expects its wind unit to lose roughly $400 million this year, while its Power and Electrification divisions continue to expand.

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