Strong Financial Performance

GE Vernova Inc. has announced a remarkable 11% increase in revenue for the first quarter of 2025, totaling $8 billion. This performance not only exceeds analysts' expectations but also marks a significant turnaround from the previous year's net loss to a net income of $264 million.

Orders and Earnings on the Rise

The company reported an 8% year-on-year growth in orders, reaching $10.2 billion, with power equipment and services leading the charge. Diluted earnings per share (EPS) saw a dramatic improvement, jumping to $0.91 from a loss of $0.47 in the same quarter of the previous year.

2025 Outlook Reaffirmed

GE Vernova remains confident in its 2025 revenue forecast of $36-37 billion, despite anticipating a $300-$400 million impact from tariffs and inflation. "We had a strong start to 2025," said CFO Ken Parks, highlighting the achievement of positive free cash flow in the first quarter as a milestone for the company.

Following the announcement, GE Vernova's shares experienced an 8.26% surge in premarket trading, reaching $353.