GE Vernova — Third Quarter 2026 Earnings Summary

GE Vernova reported third-quarter 2026 revenue of $12.6 billion, representing a 27% increase year-over-year, driven by strong growth in Power and Electrification segments. The company secured $29.3 billion in new orders, a 96% organic increase, while total backlog grew to $197 billion with gas power equipment contracts expected to reach at least 130 GW by year-end. Management raised its full-year 2026 guidance to anticipate revenue between $46.5 billion and $47.5 billion, adjusted EBITDA margins of 13.5% to 14.5%, and free cash flow of $16 billion to $17 billion. Additionally, the Board increased the share repurchase authorization to $20 billion and announced an agreement to acquire Trench Group for $9.0 billion to expand grid equipment capabilities.