On July 22, GE Vernova Inc. declined 4.51% in regular trading, trading at $1,008.95/share, with turnover of $868 million. The selloff was triggered by the company's Q2 earnings report, in which adjusted EPS of $2.47 came in significantly below the consensus estimate of $3.18, representing a 22% shortfall.

The earnings miss was primarily driven by continued weakness in the wind power segment, which saw revenue decline 10% year-over-year and an EBITDA loss widening to $275 million. Management guided for full-year wind EBITDA losses of approximately $400 million and expects Q3 wind revenue to fall by low double digits due to reduced onshore equipment deliveries.

Despite the EPS disappointment, revenue reached $11.1 billion, up 22% year-over-year and exceeding estimates by $330 million. Orders surged to a record $24.2 billion, with organic growth of 88%, driven by AI data center expansion fueling demand for gas turbines and grid equipment. The company raised full-year revenue guidance to $45.5-$46.5 billion. CEO Scott Strazik noted the company expects at least 125 GW of gas equipment under contract by year-end, with annual turbine output on track to reach 20 GW this quarter and 30 GW by 2030.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)