GE Vernova shares slide after earnings miss revenue up

Shares of GE Vernova fell sharply on Wednesday, July 22, 2026, after the power equipment company reported quarterly earnings that highlighted a stark divergence between booming demand for data center infrastructure and persistent losses in its wind energy business. The stock dropped as much as 6.2 percent in morning trading, its largest single-day decline in two weeks, despite the company raising its full-year revenue forecast.

For the second quarter, GE Vernova reported revenue of $11.1 billion, a 22 percent increase from the same period last year and above analyst expectations. Orders surged 88 percent organically to a record $24.2 billion, driven by what the company described as "massive demand" in its Power and Electrification segments, which supply equipment like natural gas turbines and grid technology. The company's backlog of orders grew to $176 billion.

However, investor sentiment was dampened by a significant earnings miss. The company reported adjusted earnings per share of $2.47, well below the consensus estimate of approximately $3.04. A primary factor was the ongoing underperformance of the company's Wind segment, where losses widened. The unit reported an adjusted...