"Electrification generated about $5 billion in revenue in '22, and we now expect that number to be $13.5 billion to $14 billion in '26, and we are just getting started. Total backlog hit a record $150 billion at year-end 2025. That's not a quarterly number, that's a multi-year revenue runway already locked in."
"The Power segment booked 41 heavy-duty gas turbines in Q4 2025 alone, with equipment backlog and slot reservations growing from 62 to 83 gigawatts sequentially. Electrification grew revenue 36% year-over-year in Q4, driven by surging data center and grid demand."
"Wind is the honest asterisk here. Revenue fell 24% year-over-year in Q4 2025, and the company expects roughly $400 million in EBITDA losses from Wind in 2026. Offshore contract losses, tariff headwinds, and the U.S. government's halt on Vineyard Wind are all real drags."
GE Vernova, the energy infrastructure spinoff from GE, operates three segments: Power, Electrification, and Wind. The Power segment booked 41 heavy-duty gas turbines in Q4 2025 with backlog growing to 83 gigawatts. Electrification revenue grew 36% year-over-year, driven by data center and grid demand, with addressable market expanding from $5 billion in 2022 to $13.5-14 billion expected in 2026. Total company backlog reached a record $150 billion at year-end 2025, representing multi-year locked-in revenue. However, Wind segment revenue fell 24% year-over-year with expected $400 million EBITDA losses in 2026 due to offshore contract losses and tariff headwinds. At $842.91 per share and up 199% annually, a stock split could broaden retail investor participation.
Read at 24/7 Wall St.
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