GE Vernova (GEV) is climbing after posting first-quarter 2026 results and lifting its full-year 2026 outlook, citing stronger execution, accelerating demand for power and grid equipment, and a rapidly expanding order book. The company highlighted broad-based order growth, margin expansion, and strong cash generation as key drivers of the improved outlook. (gevernova.com)

GE Vernova reported Q1 revenue of $9.3B (+16%) and orders of $18.3B (+71% organically), with backlog rising $13.0B sequentially to $163B (including Prolec GE). Adjusted EBITDA was $0.9B with a 9.6% margin, and free cash flow was $4.8B, supported by higher adjusted EBITDA and working-capital benefits. (gevernova.com)

Management pointed to accelerating demand for Power and Electrification, including rapidly growing gas turbine backlog and slot reservation agreements and a sharp increase in Electrification equipment orders tied to data-center-related grid needs. The company said it now expects to reach at least 110 GW of combined gas turbine backlog and slot reservation agreements by year-end 2026, and noted Electrification booked $2.4B in equipment orders to support data centers—more than all of last year. (gevernova.com)

GE Vernova also underscored recent capital allocation and strategic moves, including completing the acquisition of the remaining 50% stake in Prolec GE (a grid equipment supplier) and returning capital to shareholders through buybacks and dividends. The company said it repurchased about 1.8M shares for $1.3B in the quarter and ended the period with a $10.2B cash balance. (gevernova.com)