GE Vernova Q1 Revenue Rises 16.3% to $9.34 Billion, Beating Estimates

Earnings
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Summary · why it matters

GE Vernova reported first-quarter revenues of $9.34 billion, a 16.3% year-on-year increase that exceeded analysts' expectations by 0.8%. The company, spun off from General Electric in 2023, also delivered an impressive beat on adjusted operating income and EPS estimates. Among the 14 electrical systems stocks tracked, the group collectively beat revenue consensus by 3.4% but issued next-quarter revenue guidance 3.3% below expectations. Garrett Motion posted the best performance with revenues of $985 million, up 12.2% and beating estimates by 9.3%, while Whirlpool was the weakest, with revenues falling 9.6% to $3.27 billion and missing estimates by 4.4%. Powell reported revenues of $296.6 million, up 6.5% but missing estimates by 0.8%, and Hubbell reported revenues of $1.52 billion, up 11.1% and beating estimates by 0.8%.

Impact on stocks 6

Energy Transition & Power Demand± Mixed · 3 stocks
GE Vernova LLC
GEV
▲ PositiveCapitalrelevance

Q1 revenue beat estimates by 0.8% and adjusted operating income/EPS also beat.

Hubbell Inc
HUBB
▲ PositiveCapitalrelevance

Revenue of $1.52B beat estimates by 0.8%.

Electrification & Mobility▲ · 1 stocks
Garrett Motion Inc
GTX
▲ PositiveCapitalrelevance

Revenue of $985M beat estimates by 9.3%, the best performance among peers.

Consumer Discretionary▼ · 1 stocks
Others▲ · 1 stocks
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