Overview
- Shares rose 11.1% in January and are up 12.9% in 2026, building on a gain of more than 100% over the past year.
- For fiscal 2025, the company reported $59 billion in orders, a backlog up to about $150 billion, revenue of $38 billion up roughly 9%, and $3.7 billion in free cash flow with nearly $9 billion in cash.
- Management doubled the dividend and expanded the share repurchase authorization to $10 billion in 2025.
- Guidance now targets 2026 revenue of $44 billion to $45 billion and free cash flow of $5.0 billion to $5.5 billion, with 2028 goals of $56 billion in revenue and $24 billion in cumulative free cash flow.
- Strategic moves include completing the $5.3 billion purchase of the remaining 50% of Prolec GE and securing utility orders such as up to 11 gas turbines for Duke Energy tied to data‑center demand.