By Brian Martucci of UtilityDive
GE Vernova posted double-digit revenue and order growth in the second quarter, driven once again by continued strong performance in its Power and Electrification business segments. Those segments, respectively, produce and service gas, hydro and nuclear power generation equipment; and commercial electrical equipment such as transformers and switchgears.
GE Vernova’s beleaguered third segment, Wind, saw orders fall sharply amid persistent softness in U.S. demand for onshore wind turbines and blades.
“We remain focused on what we can control,” CEO Scott Strazik said on a Wednesday morning earnings call, alluding to the economic, regulatory and legal challenges facing its wind business.
By the numbers -- GE Vernova Q2 2026
- $176B: Order backlog across all three major business lines, up from $129 billion in Q2 2025
- 116 GW: Gas turbine order backlog, up from 100 GW in Q1 2026
- $41B: Order backlog in Electrification segment, up 69% yea
