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🚨 🇺🇸 GE Vernova beats and lifts outlook as AI power demand stays hot
🚨 🇺🇸 GE Vernova beats and lifts outlook as AI power demand stays hot
- 🇺🇸 GE Vernova, the gas turbine and grid equipment maker, reported quarterly revenue of about 12.6bn USD against 11.99bn USD expected, with adjusted EBITDA of about 1.9bn USD against 1.69bn USD expected (newswires, )
- It raised its full-year revenue outlook to 46.5bn to 47.5bn USD from 45.5bn to 46.5bn USD, above the roughly 46.3bn USD consensus, and doubled its share repurchase programme to 20bn USD
FO view: A second big beat and guidance raise inside half an hour, this time from the power side of the AI build-out, says data-centre electricity demand is still running ahead of forecasts and adds to the AI capex theme behind tech leadership.
Not investment advice.