GE Vernova (NYSE:GEV) shares dropped about 6.4% on Wednesday morning after the power equipment maker’s wind segment losses widened even as the company posted stronger-than-expected quarterly revenue and record orders.
The company’s wind business, its long-standing trouble spot, reported revenue down 10% to $2.03 billion in the second quarter, with the segment’s core loss widening to about $275 million on lower onshore equipment deliveries
GE Vernova said it expects global tariffs to add $100 million to $200 million to costs in 2026. Second-quarter revenue rose 22% year-over-year to $11.1 billion, topping analyst estimates of $10.7 billion. Orders climbed 88% organically to $24.2 billion, pushing the company’s backlog up $13 billion from the prior quarter to $176 billion.
Data center orders exceeded $5 billion so far this year, more than double the total for all of 2025. Earnings per share came in at $2.47, up 33% from a year earlier but below the $3.01 analysts had expected. Adjusted EBITDA was $1.2 billion, for a margin of 11.3%.