GE Vernova Q2 2026 earnings raise 2026 guidance on data center orders

The turbine maker booked $24.2 billion in orders last quarter, up 88% year over year, driven by AI power demand.

Data center orders topped $5 billion year to date, more than double all of 2025.
Power segment orders alone hit $16.7 billion, up 134% from a year earlier.
GE Vernova raised free cash flow guidance to $11.5 billion-$12.5 billion, up from $6.5 billion.

Why it matters: Turbines take years to build, so a backlog this large measures real demand, not quarterly hype.

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