GE Vernova Falls After Mixed Q2 Earnings Report Despite Higher 2026 Outlook

GE Vernova (GEV) is down 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The selloff appears tied to a mixed earnings reaction rather than a clearly negative headline. GE Vernova raised its 2026 revenue and free cash flow outlook, but profit per share came in below market expectations, which can pressure a stock that had already run up sharply and was priced for very strong execution.

Details:

GE Vernova reported second-quarter revenue of $11.1 billion, up 22% year over year, with orders of $24.2 billion and backlog growth that pushed total backlog to $176 billion.

The company lifted 2026 guidance to revenue of $45.5 billion to $46.5 billion and free cash flow of $11.5 billion to $12.5 billion, while keeping adjusted EBITDA margin guidance at 12% to 14%.

Diluted EPS was $2.47 for the quarter, below the $3.17 Wall Street expectation captured in the earnings snapshot, even though revenue topped forecasts.

The Wind segment remained a weak spot, with orders down 40% organically, revenue down 10%, and deeper EBITDA losses tied to lower onshore equipment volume and higher offshore project costs.

Sources:

GE Vernova, The Associated Press, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GEV Insider Trading Activity

$GEV insiders have traded $GEV stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $GEV stock by insiders over the last 6 months:

VICTOR ABATE (Chief Executive Officer, Wind) sold 4,819 shares for an estimated $4,568,797
STEVEN BAERT (Chief People Officer) sold 5,300 shares for an estimated $4,505,000
MATTHEW JOSEPH POTVIN (Chief Accounting Officer) sold 2,333 shares for an estimated $2,470,856

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$GEV Hedge Fund Activity

We have seen 1,626 institutional investors add shares of $GEV stock to their portfolio, and 988 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 3,154,981 shares (-14.7%) from their portfolio in Q1 2026, for an estimated $2,670,060,420
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 2,411,288 shares (-98.3%) from their portfolio in Q1 2026, for an estimated $2,040,673,034
CAPITAL WORLD INVESTORS added 2,081,044 shares (+95.4%) to their portfolio in Q1 2026, for an estimated $1,761,187,537
CORIENT PRIVATE WEALTH LLC removed 1,537,969 shares (-95.6%) from their portfolio in Q1 2026, for an estimated $1,301,583,164
AMUNDI added 1,298,896 shares (+256.6%) to their portfolio in Q1 2026, for an estimated $1,099,255,684
COATUE MANAGEMENT LLC removed 797,816 shares (-23.7%) from their portfolio in Q1 2026, for an estimated $675,191,680
BNP PARIBAS FINANCIAL MARKETS removed 699,180 shares (-58.7%) from their portfolio in Q1 2026, for an estimated $591,716,034

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GEV Government Contracts

We have seen $227,764 of award payments to $GEV over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

BOREWORM (BURIED ORDNANCE ACCESS THROUGH WORMLIKE ROBOTIC MACHINE) EUROPEAN COMMAND DEMO: $227,764

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$GEV Congressional Stock Trading

Members of Congress have traded $GEV stock 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $GEV stock by members of Congress over the last 6 months:

REPRESENTATIVE MATTHEW VAN EPPS sold up to $15,000 on 06/16.
SENATOR ALAN ARMSTRONG sold up to $50,000 on 03/27.
REPRESENTATIVE AUSTIN SCOTT sold up to $15,000 on 02/17.
REPRESENTATIVE JOSH GOTTHEIMER purchased up to $15,000 on 02/05.
REPRESENTATIVE JONATHAN L. JACKSON purchased up to $50,000 on 01/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$GEV Analyst Ratings

Wall Street analysts have issued reports on $GEV in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Goldman Sachs issued a "Buy" rating on 01/29/2026

To track analyst ratings and price targets for $GEV, check out Quiver Quantitative's $GEV forecast page.

$GEV Price Targets

Multiple analysts have issued price targets for $GEV recently. We have seen 18 analysts offer price targets for $GEV in the last 6 months, with a median target of $1192.5.

Here are some recent targets:

Sunaina Ocalan from Bernstein set a target price of $1206.0 on 06/17/2026
Julien Dumoulin-Smith from Jefferies set a target price of $1210.0 on 06/11/2026
Moses Sutton from BNP Paribas set a target price of $1190.0 on 04/27/2026
Ben Kallo from Baird set a target price of $1400.0 on 04/23/2026
Ameet Thakkar from BMO Capital set a target price of $1250.0 on 04/23/2026
Julian Mitchell from Barclays set a target price of $1250.0 on 04/23/2026
Joseph Osha from Guggenheim set a target price of $1300.0 on 04/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.