US Stocks Movement | GE Vernova plunges 10% pre-market as Q2 revenue rises 22% year-on-year but adjusted EPS misses expectations

格隆汇2026/07/22 11:19

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Gronghui July 22 – GE Vernova plunged 10% in pre-market trading after previously rising nearly 7%. According to reports, GE Vernova's second quarter revenue grew 22% year-on-year to $11.1 billion, and order volume reached a record $24.2 billion. The expansion of AI data centers has driven strong growth in demand for gas turbines and grid equipment. The company raised its full-year revenue and free cash flow guidance, forecasting 2026 revenue to reach $45.5 billion to $46.5 billion. However, adjusted EPS for the second quarter was $2.47, lower than the market expectation of $3.01; at the same time, the wind power business continued to incur losses, remaining the main drag on the company’s short-term profitability improvement.

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OPEC's monthly report shows that Saudi Arabia's average daily crude oil production in October rose to 10.56 million barrels, just several hundred thousand barrels lower than the pre-war level in February and slightly above its quoted limit under the OPEC framework. Iraq's daily output in October also reached approximately 4.9 million barrels, a new high since the outbreak of war. Meanwhile, after the UAE exited OPEC and began competing in the market independently, both the UAE and Saudi Arabia recently slashed their official December cargo prices for Asian buyers, intensifying the competitive landscape.

华尔街见闻•2026/11/11 17:31