US Stocks Movement | GE Vernova plunges 10% pre-market as Q2 revenue rises 22% year-on-year but adjusted EPS misses expectations

Gronghui July 22 – GE Vernova plunged 10% in pre-market trading after previously rising nearly 7%. According to reports, GE Vernova's second quarter revenue grew 22% year-on-year to $11.1 billion, and order volume reached a record $24.2 billion. The expansion of AI data centers has driven strong growth in demand for gas turbines and grid equipment. The company raised its full-year revenue and free cash flow guidance, forecasting 2026 revenue to reach $45.5 billion to $46.5 billion. However, adjusted EPS for the second quarter was $2.47, lower than the market expectation of $3.01; at the same time, the wind power business continued to incur losses, remaining the main drag on the company’s short-term profitability improvement.