GE Vernova sees FY25 revenue $36B-$37B, consensus $36.76B

GE Vernova (GEV) is reaffirming its 2025 financial guidance. We expect revenue of $36-$37 billion, high-single digits adjusted EBITDA margin, free cash flow of $2.0-$2.5 billion, and segment guidance of: Power: Mid-single digit organic revenue* growth and 13%-14% segment EBITDA margin. Wind: Organic revenue* down mid-single digits and $200-$400 million of segment EBITDA losses. Electrification: Mid-to-high-teens organic revenue* growth and 11%-13% segment EBITDA margin. The guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be approximately $300-$400 million, net of mitigating actions.