GE Vernova's first quarter 2026 revenue grew 16% as massive order growth prompts a full-year guidance raise.

GE Vernova reported first quarter 2026 revenue of $9.34 billion, an increase of 16% year-over-year, slightly beating analyst estimates. GAAP EPS of $17.44 was significantly influenced by a $4.5 billion pre-tax gain from the Prolec GE acquisition. The company raised its full-year 2026 guidance on the back of strong order momentum.

Key Highlights

• Total orders grew 71% organically to $18.3 billion, with substantial increases in both the Power segment (+59% organic) and the Electrification segment (+86% organic).
• The Electrification segment's revenue was $3.0 billion, a 29% organic increase, driven by strong demand for grid equipment. The segment booked $2.4 billion in equipment orders to support data centers during the quarter.
• GE Vernova raised its full-year 2026 guidance for revenue to a range of $44.5 to $45.5 billion and increased its adjusted EBITDA margin* forecast to between 12% and 14%.
• The Wind segment continued to underperform, with revenues declining 25% organically and posting a segment EBITDA loss of $382 million due to lower Onshore Wind deliveries and higher Offshore Wind contract losses.