Strong Quarterly Performance

GE Vernova Inc. has announced an impressive 11% year-over-year revenue increase for the second quarter of fiscal year 2025, totaling $9.11 billion. Despite a net income decline to $492 million from $1.28 billion the previous year, the company's diluted earnings per share (EPS) were reported at $1.86.

Revised Financial Outlook

In light of its strong performance, GE Vernova is uplifting its 2025 financial guidance, now anticipating revenues between $36 billion and $37 billion. CEO Scott Strazik highlighted the company's growth in backlog by over $5 billion and an increase in Gas equipment backlog and slot reservation agreements from 50 to 55 gigawatts.

Market Response

The announcement led to a 6.51% surge in the company's shares during premarket trading, with each share priced at $584.73 at 6:42 am ET.