GE Vernova Shares Up 13% on Earnings Beat, Aerospace Down 5%

GE Vernova shares surged 13 percent on Wednesday, reaching around $1,119, following a strong first-quarter earnings report that exceeded expectations and prompted the company to raise its full-year guidance. In contrast, shares of GE Aerospace fell 5 percent to about $272, despite beating estimates, as the company held its outlook steady amid economic uncertainties.

GE Vernova, the energy technology spinoff from the former General Electric conglomerate, reported first-quarter revenue of $9.3 billion, surpassing the $9.27 billion consensus estimate and marking a 16 percent increase from the previous year. Adjusted earnings before interest, taxes, depreciation, and amortization stood at $900 million, reflecting a 10 percent margin, up 390 basis points year over year. The standout figure was orders, which totaled $18.3 billion, a 71 percent rise from the year-ago period and nearly double quarterly revenue. The electrification segment alone secured $2.4 billion in data center equipment orders, exceeding the full-year total from 2025, driven by demand for power infrastructure supporting artificial intelligence growth. This contributed to a book-to-bill ratio of about 2.5 times in...