First Quarter 2026 Highlights:

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.

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.

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.

Hai Phong, Vietnam | March 10, 2026 – GE Vernova (NYSE: GEV) today announced an investment of approximately $200 million to expand manufacturing capacity within its Electrification segment by establishing a new facility in Hai Phong, Vietnam. GE Vernova’s Electrification segment provides technologies that support power transmission, grid stability, and large-scale electrification programs worldwide.

This investment forms part of GE Vernova’s planned investments of $11 billion in capex and R&D from 2025 through 2028, including $1 billion for Prolec GE from 2026 to 2028. It follows GE Vernova completing the $5.3 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $300 million in investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen HVDC and grid manufacturing capabilities in Europe.

The new facility will manufacture large power transformers mainly for High-Voltage Direct Current (HVDC) projects, complementing GE Vernova’s existing HVDC transformer manufacturing facilities in Stafford, UK, and India. These technologies are used to move electricity efficiently over long distances and ensure power networks can safely and reliably handle rising electricity demand.

“Electrification is accelerating globally, and reliable power infrastructure is increasingly essential to support economic growth and energy security,” said Philippe Piron, CEO of GE Vernova’s Electrification segment. “This investment expands our manufacturing capacity in a region experiencing strong demand growth while reinforcing a diversified supply chain that supports customers across Asia and other regions as needed. It also reflects our long-term commitment to supporting Vietnam’s industrial development.”

The Hai Phong facility is planned to be developed in phases, with full operations expected in 2028, subject to regulatory approvals. Once operational, the site is expected to contribute towards GE Vernova’s broader transformer manufacturing capacity while primarily serving growing demand across Asia.

Electricity demand growth is particularly strong in fast-industrializing and urbanizing markets, where power infrastructure expansion and modernization are advancing at pace. Locating manufacturing capacity in this region will allow the company to improve delivery timelines, strengthen supply chain resilience, and support reliable project execution.

The project is expected to create approximately 450 jobs by 2030, with a significant number planned to be filled locally. In addition, GE Vernova plans to implement workforce training and knowledge-sharing programs in Vietnam, helping build local capabilities while connecting the Hai Phong site to its global Electrification manufacturing network.

GE Vernova’s equipment supports up to 30% of Vietnam’s electricity needs, reflecting the company’s long-standing presence in the country. Today, GE Vernova employs more than 1,100 people across nine locations in Vietnam, spanning multiple businesses. In addition to the new Hai Phong facility, GE Vernova operates the Phu My repair facility and the Dung Quat HRSG manufacturing plant, which are part of the company’s broader global repair and manufacturing network serving customers worldwide.

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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.

WILMINGTON, North Carolina (March 10, 2026) – Global Nuclear Fuel (GNF, a GE Vernova-led alliance with Hitachi, Ltd. and affiliate of GE Vernova Hitachi Nuclear Energy) today announced it has been awarded a contract by Entergy to continue to fuel its Grand Gulf and River Bend Station nuclear power plants.

The new agreement extends the current fuel supply contract through 2035 and includes four reloads of the new GNF4 fuel design.

“We have fueled Grand Gulf and River Bend continuously since 2008 and are proud to support Entergy with our newest, most advanced fuel design, GNF4,” said Craig Ranson, Installed Base CEO, GE Vernova Hitachi Nuclear Energy and CEO of GNF. “We look forward to bringing the economic and performance benefits of GNF4 to Entergy.”

Lead use assemblies of GNF4 will be loaded into River Bend in 2027, while GNF4 reloads are scheduled for Grand Gulf in 2030 and River Bend in 2031.   

Introduced in October 2025, the 11x11 GNF4 next generation fuel product features two advanced components that are licensed by the U.S. Nuclear Regulatory Commission: Ziron cladding, which was developed to better resist corrosion, and aluminosilicate doped uranium dioxide pellets, which delivers Accident Tolerant Fuel (ATF) benefits through an extra layer of reliability.

“Entergy is proud to continue our long-standing relationship with GE Vernova for fueling our BWR units,” said Jack Davis, GM Nuclear Fuels & Integrated Risk Services, Entergy. “Entergy has been at the forefront of ATF technology advancements, translating high-technology readiness innovations into practical applications. The innovative GNF4 product allows us to achieve the same power levels with less uranium and less enrichment which translates into savings for our customers.”

Fuel for the plants will be fabricated by GNF at its Wilmington, NC facility.

GNF provides a wide range of services to support nuclear power plants including expert core and fuel cycle engineering, reload licensing and core management services, predictive reports and fuel reliability risk assessments, cyber-secure core monitoring and fleet analytics, fuel examination services and consulting on reactor operations and long-term fuel storage.

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About Global Nuclear Fuel
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 alliance 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. GNF affiliate GE Vernova Hitachi Nuclear Energy (GVH) is a world-leading provider of nuclear reactor services and advanced nuclear reactor designs and operates primarily through GE Vernova Hitachi Nuclear Energy Americas, LLC, and GE Vernova Hitachi Energy International, LLC, both headquartered in Wilmington, NC. HITACHI is a trademark of Hitachi, Ltd. used under trademark license. GE is a trademark of General Electric Company used under trademark license.

About Entergy
Entergy (NYSE: ETR) produces, transmits and distributes electricity to power the life for 3 million customers through our operating companies in Arkansas, Louisiana, Mississippi and Texas. We’re investing for growth and improved reliability and resilience of our energy system while working to keep energy rates affordable for our customers. We’re also investing in cleaner energy generation like modern natural gas, nuclear and renewable energy. A nationally recognized leader in sustainability and corporate citizenship, we deliver more than $100 million in economic benefits each year to the communities we serve through philanthropy, volunteerism and advocacy. Entergy is a Fortune 500 company headquartered in New Orleans, Louisiana, and has approximately 12,000 employees. Learn more at Entergy.com and connect with @Entergy on social media.

CAMBRIDGE, Mass. (March 4, 2026) – GE Vernova Inc. (NYSE: GEV) Chief Executive Officer and President Scott Strazik will present at the Bank of America Global Industrials Conference 2026 on Wednesday, March 18, 2026, at 8:50 AM GMT (4:50 AM EST). Strazik will speak to investors in a fireside chat, highlighting how GE Vernova’s platform of solutions is well-positioned to serve the growing, long-cycle electric power market.

The conference webcast and replay will be available through GE Vernova’s Investor Relations website at https://www.gevernova.com/investors/events.

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.

SESTO SAN GIOVANNI, Italy (March 3, 2026) - GE Vernova Inc. (NYSE: GEV) today announced approximately $30 million investment in the expansion of its electrification manufacturing facility in Sesto San Giovanni, Italy, to support rising global demand for electrification infrastructure.

The initiative aims to increase production capacity for essential components used in power and generator transformers - bushings - which enable safe and efficient transmission and distribution of electricity. The expansion is expected to create approximately 50 new jobs in Lombardy region, primarily in manufacturing.

“With this investment, we are strengthening a strategic capability within our fastest-growing Electrification segment,” said Philippe Piron, CEO of GE Vernova's Electrification segment. “Sesto San Giovanni plays a central role in our global bushing manufacturing footprint. Expanding capacity here increases supply security for our customers and reinforces our ability to support large-scale power transmission and generation programs worldwide.”

As utilities and energy companies worldwide invest in grid upgrades and modernize power networks to meet rising electricity demand, the need for transformers and substations continues to grow, driving increased demand for bushings, which ensure this high‑voltage equipment operates reliably and safely. The project is expected to introduce additional production lines for advanced dry-type bushings, including Resin Impregnated Paper (RIP) and Resin Impregnated Synthetic (RIS) technologies, covering voltage levels up to 245 kV.

This expansion forms part of GE Vernova’s planned $11 billion investments in capital expenditures and R&D from 2025 through 2028. The announcement follows GE Vernova’s $5.3 billion acquisition of Prolec GE to increase transformer production in the North American market, more than $100 million investments in grid facilities in the United States, and the expansion of its Stafford, UK site to strengthen High-Voltage Direct Current (HVDC) and grid manufacturing capabilities in Europe.

A century of Italian engineering and manufacturing excellence

For more than 100 years, GE Vernova’s Sesto San Giovanni facility has been recognized for engineering quality and manufacturing expertise in high-voltage bushings. The site hosts GE Vernova’s Bushing Center of Excellence and designs, manufactures, and services products used in large-scale power infrastructure projects worldwide, supporting some of the highest voltage applications in the industry.

GE Vernova is a key player in Italy’s energy transition having enabled power generation in Italy for more than 100 years. Currently, approximately 25% of Italy’s power capacity is being provided using GE Vernova technology.

For more information on GE Vernova’s bushing portfolio and technology, visit the website

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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.

WASHINGTON D.C. (February 24, 2026) – GE Vernova Hitachi Nuclear Energy (GVH) and Orlen Synthos Green Energy (OSGE) have signed an agreement to advance the Polish generic design of the BWRX-300 small modular reactor (SMR). The Poland Generic Design Agreement (PGDA) was signed during a ceremony today in Washington D.C. Participants included U.S. Deputy Secretary of Energy James Danly, Poland’s Minister of Energy Miłosz Motyka, Government Plenipotentiary for Strategic Energy Infrastructure and Deputy of Minister of Energy Wojciech Wrochna, as well as representatives from GVH, OSGE and SGE.

Following the contract signature, OSGE will invest in the development of a detailed BWRX-300 design that will serve as a reference design for SMR projects in Poland.

“This agreement sends a strong signal that the U.S. commitment to Poland’s energy security remains steadfast,” U.S. Deputy Secretary James Danly said. “The Intergovernmental Agreement with Poland anchors our civil nuclear cooperation and provides a valuable framework to foster public-private partnerships strengthened today.”

“Poland has the potential to become a European leader in Small Modular Reactor (SMR) technology,” Polish Minister of Energy Miłosz Motyka said. “A further decisive step toward that objective has just been taken. To ensure a stable, zero-emission power system and predictable market conditions for industry, we are advancing in parallel both large-scale nuclear power plants and small modular reactor technology. SMRs provide critical baseload support for energy-intensive industries, contribute to price stability for end-users, and represent a powerful growth stimulus for the Polish nuclear supply chain. In the context of steadily increasing electricity demand, the deployment of both technologies is essential.”

“This is a decision of strategic importance for Poland’s energy transition,” Polish Secretary of State at the Ministry of Energy Wojciech Wrochna said. “The generic design constitutes the cornerstone for building a standardized reactor fleet under a repeatable deployment model. Standardization translates into lower unit capital expenditures and enhanced cost competitiveness. It also creates a significant opportunity to strengthen domestic industrial capabilities and to secure meaningful participation of Polish companies in the execution of advanced nuclear technology projects.”

“This investment by OSGE is a game-changer for the future of nuclear energy in Poland,” said Jason Cooper, CEO, GVH. “Advancing the generic design of the BWRX-300 to accelerate its deployment in Poland is another example of what can be achieved with shared vision and investment.” 

“The agreement concluded today provides for the design of a nuclear power plant in accordance with Polish regulations,” said Rafał Kasprów, CEO of OSGE. “It will be applicable to the deployment of a fleet of BWRX-300 reactors across multiple locations in Poland. This project approach, which forms a core element of OSGE’s strategy, will enable significant cost reductions through design standardization and the development of a robust supply chain. As a result, it will lower the cost of electricity for the Polish power system and, ultimately, for end consumers.”

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.

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About GE Vernova Hitachi Nuclear Energy
GE Vernova’s Nuclear energy business, through its global alliance with Hitachi, is a world-leading provider of nuclear fuel bundles, 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.

About Orlen Synthos Green Energy
ORLEN Synthos Green Energy (OSGE) was established by ORLEN S.A. and SGE. The company plays a leading role in the deployment of modular nuclear reactors in Poland, aiming to contribute to the effective decarbonisation of the power generation, heating and industrial sectors. OSGE’s mission is to build a fleet of BWRX-300 reactors designed by GE Vernova Hitachi Nuclear Energy, which will become an important part of the country’s energy mix, providing households and industry with stable zero-carbon electricity. OSGE’s project in Poland is part of a broader European fleet deployment led by SGE. For more information, visit X (Twitter) platform @ORLEN_Synthos and LinkedIn.

About SGE
SGE is a European SMR development platform founded in 2018 and based in Warsaw Poland. The company is a co-investor in the standard design for the world’s most commercially advanced SMR technology: the BWRX-300, designed by GE Vernova Hitachi Nuclear Energy. The combination of this proven technology with a disruptive business model has allowed SGE to become Europe’s leading developer of SMR projects. Currently, SGE is establishing partnerships and projects in more than a half-dozen European countries. Their flagship project is in Poland, where, in cooperation with global energy leader ORLEN, they have begun development at three separate sites and are on schedule to complete the first unit by 2032.