""Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter.""
""Total Q1 orders reached $18.30 billion, representing 71% organic growth. The Electrification segment booked $2.4 billion in data center equipment orders in Q1 alone, more than all of 2025 combined.""
GE Vernova's Q1 2026 revenue reached $9.30 billion, surpassing estimates and growing 16% year over year. Adjusted EBITDA was $900 million with a 10% margin. Total orders hit $18.30 billion, showing 71% organic growth, driven by demand for AI infrastructure. The Electrification segment alone booked $2.4 billion in orders. CEO Scott Strazik noted a significant backlog increase. The company raised its full-year guidance to $44.5 billion to $45.5 billion, reflecting strong market performance and strategic acquisitions.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]