GE Vernova (GEV) Stock Climbs 3% After Earnings Beat. Is the Selloff Over?
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TLDR GE Vernova (GEV) beat Q3 estimates with adjusted EPS of $4.81 versus about $4.00 expected, on revenue of $12.64 billion. Orders jumped 96% organically to $29 billion, and backlog rose $20 billion from the prior quarter to $197 billion. The company raised 2026 guidance, now expecting revenue of $46.5 billion to $47.5 billion and free cash flow of $16 billion to $17 billion. GE Vernova agreed to buy Trench Group for $9 billion and raised its buyback authorization to $20 billion from $10 billion. GEV closed at $895.08 on Tuesday and traded near $917 on Wednesday, about 25% below its 52-week high of $1,195.96. GE Vernova (GEV) stock was trading near $917 on Wednesday, up about 2.5%, after the company beat third-quarter estimates and raised its 2026 outlook.
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