US Stock Market Move | Q1 performance exceeds expectations, GE Vernova (GEV.US) opened with a big jump of over 12%.

On Wednesday, GE Vernova (GEV.US) opened with a huge increase of over 12%, setting a new historical high and a year-to-date increase of 70%. On the news front, driven by strong demand for electric power equipment from data centers, GE Vernova raised its annual revenue and adjusted core profit margin forecasts. According to the financial report, GE Vernova's first-quarter revenue reached $9.34 billion, a year-on-year increase of 16.3%, exceeding expectations; earnings per share were $17.44, higher than the expected $15.44. The company currently forecasts revenue for 2026 to be between $44.5 billion and $45.5 billion, higher than the previous forecast of $44 billion to $45 billion. According to data compiled by LSEG, analysts had previously expected GE Vernova's 2026 annual revenue to be $44.5 billion on average. The company also expects the adjusted core profit margin for 2026 to be between 12% and 14%, higher than the previous forecast of 11% to 13%. The average analyst expectation is 13.7%.