$GEV 8-K earnings

Q2 revenue hit $11.1B (+12% organic), adjusted EBITDA margin expanded 340 bps to 11.3%, and free cash flow reached $5.1B—exceeding all of 2025. Power orders soared 134% organically to $16.7B, with gas equipment backlog growing from 44 to 53 GW. Electrification orders rose 66% organically to $6.3B, driving a 1.7x book-to-bill ratio. The company now expects at least 125 GW of gas equipment under contract by year-end 2026.

Q2 revenue hit $11.1B (+12% organic), adjusted EBITDA margin expanded 340 bps to 11.3%, and free cash flow reached $5.1B—exceeding all of 2025. Power orders soared 134% organically to $16.7B, with gas equipment backlog growing from 44 to 53 GW. Electrification orders rose 66% organically to $6.3B, driving a 1.7x book-to-bill ratio. The company now expects at least 125 GW of gas equipment under contract by year-end 2026.