GE Vernova Q1 2026 demonstrated robust growth across segments driven by strong order momentum, backlog expansion, and strategic project milestones, positioning the company for accelerated revenue and margin expansion in the coming years.

• Backlog increased by 40% year-over-year to $163 billion, with a target of $200 billion by 2027, supported by $13 billion added in recent months.
• Power segment signed 21 GW of new gas turbine contracts in Q1, growing contracted capacity to 100 GW; Q2 orders are exceeding Q1 values, with 10-15 GW expected under contract by year-end.
• Gas Power achieved a 10-20% improvement in order pricing and expanded production capacity to over 280 machines, aiming for 20 GW annualized output by March 2027.
• Progress on North American SMR project includes foundational milestones at Darlington and potential NRC license for Clinch River in 2026, supported by up to $40B government funding.
• Electrification revenue neared $14.5B this year, with substantial market opportunity (~$300B) by 2030, and the Prolec integration reinforcing growth prospects.