We have two updates to share from items in late May 2026, including highlights from the 42nd Bernstein Strategic Decisions Conference and a recent small acquisition announcement. 

Bernstein Strategic Decisions Conference

Last week, our CEO Scott Strazik spoke with investors at the 42nd Bernstein Strategic Decisions Conference, outlining the significant opportunities ahead for GE Vernova. 

Key themes from the discussion included:

ATLANTA, GA - (May 26, 2026) - GE Vernova Inc. (NYSE: GEV) today announced that its HA gas turbine fleet has surpassed 4 million commercial operating hours worldwide, marking an important milestone for one of the power industry’s most advanced and efficient gas turbine technologies. 

Since the first HA unit entered commercial operation in 2016, the fleet has grown to 128 units operating across 21 countries and has generated approximately 74 gigawatts (GW) of power plant capacity, the equivalent electricity needed to power more than 55 million U.S. homes. Today, GE Vernova’s HA gas turbine is the world’s fastest-growing fleet in its class.

The milestone also highlights the growing performance of GE Vernova's HA services, as each new turbine commissioned today is typically accompanied by a long-term maintenance and performance contract that grows GE Vernova's high-margin services backlog for decades to come.

“Surpassing 4 million commercial operating hours is a strong validation of the HA fleet’s performance, reliability and relevance in today’s energy landscape,” said Eric Gray, CEO, GE Vernova’s Power Segment. “This milestone reflects the confidence our customers have placed in GE Vernova’s HA technology and its established role in supporting flexible power generation around the world.  As electricity demand rises and energy security is seen as national security, customers are increasingly focused on solutions that can deliver reliable, efficient, and more flexible power. Our HA fleet is helping meet that need today while continuing to evolve to support lower-emission power systems over time.”

Growing Global Demand for HA Technology

GE Vernova’s HA gas turbines were developed in the context of a fundamental shift in the global power sector, involving the replacement of aging coal-fired generation with more efficient, lower-emission, and flexible power while enabling greater renewable energy integration. That role is becoming increasingly important as electrification, industrial expansion, and rising demand from data centers and AI drive sustained pressure on power systems worldwide. 

In this environment, GE Vernova is seeing continued demand for gas power technologies as customers prioritize solutions that can be deployed at scale, operate efficiently and support grid reliability. As the installed HA fleet continues to expand, GE Vernova also sees growing services opportunities as customers seek to maintain performance, availability and operating flexibility across the lifecycle of these assets. 

As power needs continue to expand, GE Vernova is investing across its Gas Power manufacturing and services footprint—including in Greenville and Schenectady—to strengthen the capabilities needed for the future. GE Vernova’s nearly $300 million in planned investments in the Gas Power business underscores our commitment to helping customers deliver reliable, efficient, and more flexible generation at scale. This investment is part of a $700 million invested in meeting unprecedented customer demand across the company.

Recent milestones further illustrate the fleet’s global momentum. 

In the U.S., the HA has seen record success. One example is with Duke Energy securing  20 advanced HA gas turbines, several of which are included in a framework agreement executed in 2025. Several other traditional U.S. utilities have also entered into significant, multiunit HA agreements. Beyond traditional customers, a new, non-utility customer archetype is emerging from data centers. This includes hyperscalers and other project developers which represent approximately 20 percent of total gas turbines contracts

In Türkiye, GE Vernova and Enka Power announced the start of commercial operation at ENKA’s 850-megawatt (MW) Kırklareli power plant in Kırklareli, Türkiye. The facility marks the first HA-powered plant in the country, bringing GE Vernova’s total installed gas power capacity in Türkiye to 13.5 GW.

In the UK, GE Vernova is supplying a 9HA.02 gas turbine for the NZT Power project, expected to be the world’s first commercial-scale gas-fired power station equipped with carbon capture technology. Construction has started, and the gas turbine is expected to be shipped from GE Vernova’s Manufacturing Center in Belfort, France, in June.

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CAMBRIDGE, Mass. (May 19, 2026) – GE Vernova (NYSE: GEV) today announced that its Board of Directors has declared a $0.50 per share quarterly dividend. The quarterly dividend will be payable on July 14, 2026, to shareholders of record as of June 16, 2026. 

Future dividend declarations will be made at the discretion of the Board of Directors and will be based on GE Vernova’s earnings, financial condition, cash requirements, prospects, and other factors. 

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.

Additional Financial Information

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

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, such as statements about possible future dividend declarations and payments. Forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from current expectations. These risks, uncertainties, and factors include those discussed in our most recent Annual Report on Form 10-K and in our subsequently filed Quarterly Reports on Form 10-Q, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operation" sections included therein, as may be updated from time to time in our filings with the U.S. Securities and Exchange Commission and as posted on our website at www.gevernova.com/investors/fls. GE Vernova does not undertake any obligation to update or revise its forward-looking statements except as required by law or regulation.

CAIRO, Egypt (April 29, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it received an order from an affiliate of Egyptian Electricity Holding Company (EEHC,) Middle Delta Electricity Production Company (MDEPC), to modernize power generation infrastructure and improve operating efficiency.at MDEPC’s Banha and Nubaria power plants in Egypt. The order was booked in the first quarter of 2026.

Spanning an anticipated three-year period, the project aligns with Egypt’s ongoing efforts to modernize its power generation infrastructure, reinforce energy security, and drive greater efficiency in electricity generation. 

The scope includes two Advanced Gas Path (AGP) upgrades for the two GE Vernova 9F gas turbines at the Banha power plant, along with multiyear services agreements for Banha and Nubaria with terms of 15 and 8 years, respectively.

“This modernization highlights the potential benefits that Advanced Gas Path technology can bring to F-class gas turbine units in Egypt,” said Eng. Mohamed El-Abd, Chairman of MDEPC. “The upgrades are expected to increase the output of the gas turbines and improve efficiency by approximately 2 percent. These improvements are expected to enable additional power generation with more efficient fuel use and may help reduce carbon emissions per megawatt hour.”

“Across many power systems, improving the efficiency, availability, and operational performance of the existing generation fleet can play an important role in supporting electricity demand and broader power system objectives,” said Joseph Anis, President & CEO, Europe, Middle East & Africa, GE Vernova’s Gas Power business. “Upgrades such as Advanced Gas Path technology can help operators improve output, extend maintenance intervals, and enhance efficiency, while supporting more reliable power generation. We are pleased to support MDEPC in its efforts to modernize these assets and help meet Egypt’s evolving power generation needs.”

For more than 50 years, GE Vernova’s businesses have supported Egypt’s electricity infrastructure through technologies and solutions, local talent development, and financing for projects across the power sector. Today, GE Vernova continues to support customers in Egypt across power generation, transmission, software, and services.

Today, GE Vernova’s installed base in Egypt includes more than 60 gas and steam turbines with a combined generating capacity of approximately 10 gigawatts.

Notes to editors

*Decarbonization as used in this article is intended to mean the reduction of carbon emissions on a kilogram per megawatt hour basis.

© 2026 GE Vernova and/or its affiliates. All rights reserved. 
GE and the GE Monogram are trademarks of General Electric Company used under trademark license. 

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.

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.