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StocksMedium•29 June 2026•

1 min read

GE Vernova posts record order growth on AI power demand

Key Facts

1GE Vernova reported 71% year-over-year order growth in Q1 2026.

2The company's backlog reached a record $163 billion.

3GE Vernova acquired Prolec GE to strengthen its grid position.

As demand for energy infrastructure to power AI data centers accelerates, GE Vernova (GEV) reported strong Q1 2026 results. According to reports, orders grew 71% year-over-year, with electrification orders reaching $7.1 billion. The company's backlog hit a record $163 billion, reflecting robust demand for gas turbines and grid equipment.

GE Vernova acquired Prolec GE to strengthen its position in the transformer market, which faces supply constraints. The acquisition comes amid a surge in data center construction, driving unprecedented demand for power generation and transmission equipment. This momentum is expected to support revenue growth in the coming years.

GEV closed at $1,045.17 on June 26, 2026, after hitting a high of $1,084.4 during the session. Investors are watching for order trends in the second half of 2026, as well as any updates on dividends or buybacks. Natural gas prices and environmental regulations remain key factors for the company's outlook.