Today, we released our first quarter 2026 financial results. We delivered strong performance in the first quarter, with significant orders and backlog growth, margin expansion, and cash generation. Given our strong results and continued business momentum, we are increasing our 2026 financial guidance for revenue, adjusted EBITDA margin*, and free cash flow*.

CAMBRIDGE, Mass., (April 22, 2026) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling customers to accelerate the energy transition, today reported financial results for the first quarter ending March 31, 2026.

“We had a solid start to 2026 as we continue to serve the growing, long-cycle electric power market. Demand is accelerating for our Power and Electrification solutions from a diverse set of customers, with our backlog growing by more than $13 billion quarter-over-quarter,” said GE Vernova CEO Scott Strazik. “Reflecting this strength, we now expect to reach at least 110 GW of combined gas turbine backlog and slot reservation agreements by year-end 2026 and are raising our 2026 financial guidance. In the quarter, our Electrification segment booked $2.4 billion in equipment orders to support data centers, more than all of last year. We also completed our acquisition of the remaining fifty percent stake in Prolec GE, a leading grid equipment supplier, strengthening our ability to serve customers and accelerating our growth trajectory. Our team is executing well and remains focused on delivering for the long-term.”

"We delivered significant growth and margin expansion in the first quarter as we executed our financial strategy. With robust equipment orders growth in each segment and continued services strength, our backlog grew to $163 billion, inclusive of Prolec GE,” said GE Vernova CFO Ken Parks. “We maintained a strong investment grade balance sheet, growing our healthy cash balance to $10.2 billion with significant free cash flow generation and proceeds from dispositions, even as we closed the Prolec GE acquisition and returned capital to shareholders. Given our strong results and continued business momentum, we are increasing our guidance for 2026 revenue, adjusted EBITDA margin, and free cash flow.” 

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¹ Defined as remaining performance obligation (RPO)

*Non-GAAP Financial Measure

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe”, “expect”, “guidance”, “outlook”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may,” and negatives or derivatives of these or similar expressions. These forward-looking statements may include, among others, statements about our future performance, anticipated growth, and expectations in our business; the energy transition; the demand for our products and services; our technologies and ability to innovate, anticipate, and address customer demands; our ability to increase production capacity, efficiencies, and quality; our underwriting and risk management; the estimated impact of tariffs; our product quality and costs; our cost management efforts; tax incentives; customer orders and commitments; project execution and timelines; our actual and planned investments, including in research and development, capital expenditures, joint ventures, and other collaborations with third parties; our ability to meet our sustainability goals and targets; levels of global infrastructure spending; government policies; our expected cash generation and management; our lean operating model; our capital allocation framework, including organic and inorganic investments, share repurchases, and dividends; our restructuring programs; disputes, litigation, arbitration, and governmental proceedings involving us; the sufficiency and expected uses of our cash, liquidity, and financing arrangements; and our credit ratings.

Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or achievements to differ materially from current expectations. Some of the risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied by forward-looking statements include the following:

• Quality issues or safety failures among our products, solutions, or services;
• Significant supply chain or logistics disruptions, including cost or availability of materials or components;
• Disruptions or capacity constraints at our manufacturing or operating facilities;
• Our ability to manage our costs and achieve anticipated cost savings;
• Our ability to execute and estimate long-term service obligations;
• Our ability to successfully compete;
• Our ability to innovate and successfully commercialize new technologies and manage our product cycles;
• Achieving expected benefits from strategic transactions, joint ventures, and other third-party collaborations;
• Issues with grid connectivity or our customers’ ability to sell generated electricity;
• Our ability to manage customer and counterparty relationships and contracts;
• Our ability to maintain our investment grade credit ratings;
• Our access to capital or credit markets or other financing on acceptable terms;
• Decarbonization and energy-transition dynamics;
• Changes in energy, environmental, and tax laws and policies;
• Challenges of operating globally, including complex legal, regulatory, and compliance risks;
• Natural disasters, physical effects of climate change, pandemics, and other emergencies;
• Geopolitical events;
• Our ability to meet sustainability expectations, standards, and goals;
• International trade policies;
• Our ability to obtain, maintain, and comply with approvals, licenses, and permits;
• Our ability to comply with laws and regulations and related compliance costs;
• Impacts from claims, litigation, regulatory proceedings, and enforcement actions;
• Our ability to attract and retain highly qualified personnel and impacts from any labor disputes or actions;
• Our ability to secure, deploy, and protect our intellectual property rights and defend against third-party claims;
• Foreign currency impacts;
• Our ability to realize the benefits from our separation from, and our obligations to, General Electric Company;
• Our capital allocation plans, including the timing and amount of any dividends, share repurchases, acquisitions, organic investments, and other priorities;
• The price, availability, volatility, and trading volumes of our common stock;
• The amount and timing of our cash flows and earnings;
• The impact of cybersecurity or data security incidents; and
• Other changes in macroeconomic and market conditions and volatility.

These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections included therein, as may be updated from time to time in our Securities and Exchange Commission filings and as posted on our website at https://www.gevernova.com/investors/fls. We do not undertake any obligation to update or revise our forward-looking statements except as may be required by law or regulation. This press release also includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.

Additional Information
GE Vernova’s website at https://www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the Company posts information from time to time.

Additional Financial Information
Additional financial information can be found on the Company’s website at: https://www.gevernova.com/investors under Reports and Filings.

Conference Call and Webcast Information
GE Vernova will discuss its results during its investor conference call today starting at 7:30 AM Eastern Time. The conference call will be broadcast live via webcast, and the webcast and accompanying slide presentation containing financial information can be accessed by visiting the investor section of the website https://www.gevernova.com/investors. An archived version of the webcast will be available on the website after the call.

Wroclaw, Poland (April 21, 2026) – As part of continued efforts to educate and train the next generation of global energy leaders, the GE Vernova Foundation today announced a grant of $800,000 USD to Assist International who will partner with Wroclaw University of Science and Technology to create a new technical training program in Wroclaw, Poland focused on building skills capacity in distributed energy systems and grid integration.

The three-year grant will support the creation of a training lab equipped with modern technology, alongside the development of a three-tiered, skills-based curriculum spanning introductory, intermediate, and advanced levels. The program will deliver hands-on technical training for vocational and technical students, undergraduate engineering students, and technicians, while offering scholarships to reduce financial barriers and expand access to training and economic opportunity for low-income learners. It will also help inspire the future workforce by engaging local middle and high school students through hands-on experiences in the lab, sparking curiosity and interest in energy-related careers. The three-year program anticipates reaching 800 students and learners.

“The GE Vernova Foundation is proud to support the next generation of energy leaders in Poland,” said Kristin Carvell, GE Vernova Foundation President and Chief Communications Officer, GE Vernova. “This workforce and skills development program focuses on practical training and educational opportunities that will help drive the future of energy in Europe and beyond.”

Poland is focused on building the workforce needed to transition its energy systems and modernize infrastructure to meet net-zero goals, with demand increasing for technicians and engineers with hand-on experience in renewable energy, grid integration, and modern power systems.

“Assist International is proud to partner with the GE Vernova Foundation and Wroclaw University of Science and Technology to expand hands-on training for Poland’s energy workforce. This initiative will equip learners with practical skills that open doors to opportunity and support the country’s transition to a more sustainable energy future,” said Cheri Reynolds, Vice President, Strategy & Programs, Assist International.

“The energy transition is a major challenge for Poland, but also an opportunity to develop new economic sectors and create jobs,” said Professor Waldemar Rebizant, Dean of the Faculty of Electrical Engineering, Wroclaw University of Science and Technology. “The advancement of modern renewable energy technologies, energy storage solutions, and the modernization of existing networks cannot succeed without conducting scientific research and training specialists. Collaboration with partners such as the GE Vernova Foundation helps us effectively carry out tasks related to the country’s energy security.”

With an estimated 30 million new energy jobs needed in the next five years, initiatives like this play a vital role in developing the technical skills and hands-on experience required for today’s energy workforce. The program helps build a pipeline of job-ready talent prepared to support the systems and technologies driving a more reliable, affordable, and sustainable energy future.

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About GE Vernova in Poland

GE Vernova has a long-standing and growing presence in Poland, playing a central role in the country’s energy transition and modernization. There are nearly 2,000 employees in Poland who work closely with our customers locally and globally to support the country’s economy. With a broad portfolio spanning nuclear, gas, steam, grid, and wind, GE Vernova is committed to the country’s sustainable development through advanced technologies, services, skilled employees, and an expanding local supplier ecosystem. With a robust footprint comprised of turbine manufacturing in Elblag , a generator factory and steam power services in Wroclaw and the Engineering Innovation Center for research and development in Warsaw, GE Vernova is supporting Poland’s goal to deliver reliable, affordable and secure energy on the path to net zero.

About GE Vernova Foundation

The GE Vernova Foundation, an independent charitable organization funded by GE Vernova, puts the company’s purpose – The Energy to Change the World – into practice across the global communities where employees live and work. Following the spinoff of GE Vernova as an independent company in April 2024 and building on the 100+ year legacy of the GE Foundation, the newly formed GE Vernova Foundation is prioritizing employees through programs such as Matching Gifts and STAR Awards. As the Foundation grows, its philanthropic strategy and programs will focus on growing stronger and more resilient communities and building the workforce needed to drive the energy transition forward. Learn more at www.gevernova.com/about/philanthropy.

About GE Vernova 
GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with approximately 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova and LinkedIn.

Forward Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

About Assist International

Assist International is a U.S.-based non-governmental organization that partners with changemakers around the world to provide solutions that save lives and build resilient communities. Founded in 1990, Assist International delivers sustainable programs in energy access, global health, education, clean water, and disaster relief, creating lasting impact across more than 65 countries. With over three decades of experience, the organization works alongside foundations, corporations, universities, governments, and NGOs to design and implement programs that drive measurable, scalable change. Learn more at www.assistinternational.org

About Wroclaw University of Science and Technology

Wroclaw University of Science and Technology is one of Poland’s leading technical universities, combining engineering, medicine, and social sciences to deliver future-oriented, interdisciplinary research that supports industry and responds to societal and economic needs. The university focuses on strategic areas including data science, artificial intelligence, cybersecurity, advanced materials, advanced manufacturing, electromobility, and health technologies, with electrical engineering embedded across these fields. Wroclaw Tech educates more than 21,000 students across 14 faculties and three branches, supported by over 2,400 academic staff. With a strong international community and extensive industry collaboration, the university translates research into impact, securing over 2,800 patents in the past decade and ranking among Poland’s national leaders in innovation.

MADRID, SPAIN (April 20, 2026) - GE Vernova Inc. (NYSE: GEV) announced today that it has signed an agreement to provide 15 of its 6.1 MW-158m* workhorse wind turbines to power the Santa Maria de las Fuentes wind farm in Spain, developed by Renovalia. The deal, which was booked in the fourth quarter of 2025, further strengthens GE Vernova’s commitment to supporting Spain’s transition to renewable energy.

Spain has a goal of installing 62 GW of wind in the country by 2030, part of its plan to generate over 80 percent of its electricity from renewable resources by the end of the decade.

GE Vernova has a strong presence in Spain, accounting for approximately 6 GW of the country’s wind capacity. The company also maintains a significant manufacturing footprint in the region, including facilities in Toledo, Ponferrada, and Castellón, as well as an engineering center of excellence in Barcelona, all of which play a critical role in supporting the European wind market.

Gilan Sabatier, GE Vernova’s Chief Commercial Officer of onshore wind, international markets, said, “We are pleased to announce this latest agreement for the Santa Maria de las Fuentes wind farm. Our workhorse turbines are well-suited to the wind conditions found across Spain, providing the reliability and performance necessary as our customers look to meet rising energy demand, bolster energy security, and achieve ambitious decarbonization targets.”

José Manuel Olea, CEO of Renovalia, said: “The Santa María de las Fuentes wind farm represents another significant step forward in our vision to be a leading platform in the renewable energy sector. This partnership with GE Vernova allows us to implement advanced technology that optimizes clean energy production while contributing to the stability of the national grid. We remain committed to developing projects that not only meet environmental targets but also drive economic growth and sustainability in the regions where we operate.”

The Santa Maria de las Fuentes project joins a growing list of Spanish wind farms utilizing GE Vernova’s 6.1 MW platform, which is designed to provide high-quality, affordable, and sustainable renewable energy at scale.

GE Vernova's Wind segment has a total installed base of approximately 59,000 turbines and more than 120 GW of installed capacity worldwide. Committed to its customers' success for more than two decades, its product portfolio offers next-generation high-powered turbines that support global decarbonization efforts.

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*Note to Editors: GE Vernova’s 6.1 MW turbine with a 158-meter rotor is referred to as the 6.1 MW-158m.

The world’s demand for energy is growing at a pace that’s increasingly difficult to match — and two years into its journey as a standalone company, GE Vernova is meeting the challenge head-on. The company is helping energy customers find reliable, cost-effective solutions for today that can be quickly scaled to meet the needs of tomorrow. Here are just a few of them.

Electrifying the Future of Data Centers and AI

CAMBRIDGE, Mass. (April 7, 2026) – GE Vernova Inc. (NYSE: GEV) is scheduled to release its first quarter 2026 financial results on Wednesday, April 22, 2026, before market open. GE Vernova CEO Scott Strazik and CFO Ken Parks will discuss the company’s financial results in a webcast at 7:30 AM ET, which can be accessed at https://www.gevernova.com/investors/events.

The earnings press release and supplementary financial information, including reconciliations of non-GAAP financial measures, will also be posted at the same link on the GE Vernova Investor Relations website. A replay of the call will be made available as a direct download on GE Vernova’s website at www.gevernova.com/investors/events.

Additional Information
GE Vernova’s website at www.gevernova.com/investors contains a significant amount of information about GE Vernova, including financial and other information for investors. GE Vernova encourages investors to visit this website from time to time, as information is updated, and new information is posted. Investors are also encouraged to visit GE Vernova’s LinkedIn and other social media accounts, which are platforms on which the company posts information from time to time.

STOCKHOLM (April 7, 2026) – GE Vernova Hitachi Nuclear Energy (GVH) today announced that it has entered into a Main Services Agreement (MSA) with AFRY, a leading Swedish engineering, project management and advisory company, to support the deployment of its BWRX-300 small modular reactor (SMR) technology.

Through this non-exclusive collaboration, AFRY will deliver engineering and advisory services that leverage its deep sector knowledge, regional expertise and extensive presence across Europe. The collaboration is expected to enable Swedish industries to participate in high-value opportunities linked to the growing European and global SMR market.

“This agreement reflects our commitment to building a strong Swedish and European industrial ecosystem around the BWRX-300, going beyond reactor technology to enable long-term collaboration, local capability development and regional value creation,” said Jason Cooper, CEO, GE Vernova Hitachi Nuclear Energy. “Sweden has a strong industrial base and world-class engineering capabilities, and by working with AFRY we are reinforcing our ability to deliver the BWRX-300 while enabling local industry to play a meaningful role in Europe’s energy transition.”

“Through the collaboration with GE Vernova Hitachi, we aim to help position Sweden as a key hub in the future SMR value chain as well as advancing Sweden’s nuclear power program,” said Elon Hägg, EVP and Head of Global Division Energy at AFRY. “This collaboration connects local expertise with international reach and supports the delivery of reliable, low-carbon energy solutions.”

By combining GVH’s proven BWRX-300 technology and global project experience with AFRY’s sector-engineering strength, the collaboration is designed to support efficient, repeatable, and scalable deployment across multiple projects in Europe. In addition to engineering work, AFRY will also support GVH in the development of a license application for the BWRX-300 to the Swedish Radiation Safety Authority (SSM).

Momentum around the BWRX-300 continues to build globally. The first BWRX-300 is under construction at Ontario Power Generation’s Darlington site in Canada, with completion expected by the end of the decade, which will make it the first small modular reactor in the Western world. Key components like the reactor pressure vessel are being manufactured, and site construction is progressing according to plan. The U.S. Nuclear Regulatory Commission has accepted and is reviewing Tennessee Valley Authority’s (TVA) application to construct the first BWRX-300 in the U.S. at the utility’s Clinch River site in Oak Ridge, Tennessee. These developments, and others, support GVH’s progress and leadership in scaling and deploying SMRs commercially to customers around the globe.

About GE Vernova Hitachi Nuclear Energy

GE Vernova’s Nuclear energy business, through its global alliance with Hitachi Ltd., is a world-leading provider of nuclear services and advanced nuclear reactor designs. Technologies include boiling water reactors and small modular reactors, such as the BWRX-300, which is one of the simplest, yet most innovative boiling water reactor designs. GE Vernova’s Nuclear fuel business, Global Nuclear Fuel (GNF), is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE Vernova-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

Forward-Looking Statements

This document contains forward-looking statements – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy.

Making good on their nickname, Sunbelt States from Georgia to Arizona are building lots of new solar these days. Texas is currently leading the way, but plenty of other states are cranking up their growth. In the past 12 months, Mississippi has grown solar 73%, and Louisiana has been even more aggressive, hitting 90%, according to the Energy Information Administration.

In the early hours of October 25, 2023, residents of Acapulco watched Hurricane Otis gather strength offshore. Forecasts had suggested a manageable storm. Instead, within less than 12 hours, Otis intensified from a Category 1 to a Category 5, with gusts exceeding 165 miles per hour.

How does one of the world’s fastest-growing economies keep the lights on while rewiring its future to meet the needs and goals of a net-zero world? This is the question being asked today in Vietnam, a nation at an exciting crossroads, balancing rapid economic growth with the imperative to build a cleaner, more resilient energy system.