GE Vernova Inc. reported on Wednesday that its revenue for the first quarter of 2025 increased by 11% on a yearly basis, reaching $8 billion, and surpassing analysts' estimates. Net income soared to $264 million from a net loss of $106 million in the same period in 2024. Diluted earnings per share (EPS) jumped to $0.91 from a $0.47 loss. Orders increased 8% year-on-year to $10.2 billion, led by power equipment and services.
For the 2025 guidance, the company reaffirmed its revenue forecast of $36-37 billion, including "the impact of tariffs as currently outlined and resulting inflation, which is estimated to be approximately $300-$400 million."
"We had a strong start to 2025 ... We generated positive free cash flow in the first quarter, a milestone for the GE Vernova businesses, reflecting strong down payments and working capital management resulting in further improvement in linearity," GE Vernova CFO Ken Parks noted. After the report's publication, Verizon shares jumped 8.26% in premarket trading to sell at $353.
