Quarterly ResultApr 22, 2026, 06:31 AM
GE Vernova Q1 2026 Orders Up 71% to $18.3B, Raises Guidance
AI Summary
GE Vernova Inc. announced strong first-quarter 2026 financial results, reporting a significant 71% organic increase in orders to $18.3 billion. The company also saw substantial backlog growth of $13.0 billion sequentially, including $5 billion from Prolec GE. Furthermore, Gas Power equipment backlog and slot reservation agreements expanded from 83 GW to 100 GW, with expectations to reach at least 110 GW. The strong performance led the company to raise its 2026 guidance.
Key Highlights
- Q1 2026 orders reached $18.3 billion, up 71% organically.
- Backlog grew $13.0 billion sequentially, including $5 billion from Prolec GE.
- Gas Power backlog increased from 83 GW to 100 GW, targeting 110 GW.
- Company raised its full-year 2026 financial guidance.