GE Vernova Q1 2026 Results Highlight Orders Surge, Margin Growth and Higher Guidance
GE Vernova reported solid performance in the first quarter of 2026 with strong growth across key metrics. Orders reached $18.3 billion, rising 71% organically, while revenue grew to $9.3 billion, up 16%. Net income stood at $4.7 billion, mainly supported by gains linked to the Prolec GE acquisition.
Adjusted EBITDA nearly doubled to $0.9 billion, with margin improving to 9.6%. Free cash flow increased to $4.8 billion, supported by better working capital and higher earnings. The company’s backlog rose by $13 billion to $163 billion.
The Power and Electrification segments drove growth, with strong demand for gas equipment and grid solutions. Electrification also saw increased orders linked to data center demand. Wind segment orders improved, but revenues declined due to lower earlier orders and higher costs.
GE Vernova raised its 2026 guidance, now expecting revenue of $44.5–$45.5 billion, EBITDA margin of 12–14%, and free cash flow of $6.5–$7.5 billion, reflecting continued business momentum.
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