{"id":"ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","canonicalSlug":"ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","url":"https://wellficent.com/en/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","language":"en","title":"GE Vernova reports US$197 billion backlog and raises annual guidance","summary":"Quarterly revenue reached US$12.6 billion as power and electrification demand supported growth.","body":["GE Vernova reported third-quarter financial results on 28 October, with revenue of US$12.6 billion, up 27% on a reported basis and 18% organically. Net income was US$1.3 billion. Adjusted EBITDA reached US$1.9 billion, a separate non-GAAP measure, as the company reported stronger demand for power and electrification equipment.","Total backlog reached US$197 billion after increasing US$20 billion from the preceding quarter. Gas Power equipment backlog and slot-reservation agreements increased from 116 to 122 gigawatts. That figure combines contractual equipment backlog and reserved manufacturing slots; it is not installed or commissioned generating capacity.","Cash from operating activities was US$6.1 billion and free cash flow was US$5.4 billion. The company ended the quarter with US$16.8 billion of cash. Management expects at least 130 gigawatts of gas-equipment backlog and reservations by year-end, making that later figure an outlook rather than the quarter-end result.","GE Vernova raised its annual revenue guidance to US$46.5–47.5 billion, adjusted EBITDA margin guidance to 13.5–14.5%, and free-cash-flow guidance to US$16–17 billion. The update links present order growth with future manufacturing and delivery requirements; backlog conversion and the full-year financial targets remain dependent on execution."],"keyPoints":[],"sections":[],"text":"GE Vernova reports US$197 billion backlog and raises annual guidance\n\nQuarterly revenue reached US$12.6 billion as power and electrification demand supported growth.\n\nGE Vernova reported third-quarter financial results on 28 October, with revenue of US$12.6 billion, up 27% on a reported basis and 18% organically. Net income was US$1.3 billion. Adjusted EBITDA reached US$1.9 billion, a separate non-GAAP measure, as the company reported stronger demand for power and electrification equipment.\n\nTotal backlog reached US$197 billion after increasing US$20 billion from the preceding quarter. Gas Power equipment backlog and slot-reservation agreements increased from 116 to 122 gigawatts. That figure combines contractual equipment backlog and reserved manufacturing slots; it is not installed or commissioned generating capacity.\n\nCash from operating activities was US$6.1 billion and free cash flow was US$5.4 billion. The company ended the quarter with US$16.8 billion of cash. Management expects at least 130 gigawatts of gas-equipment backlog and reservations by year-end, making that later figure an outlook rather than the quarter-end result.\n\nGE Vernova raised its annual revenue guidance to US$46.5–47.5 billion, adjusted EBITDA margin guidance to 13.5–14.5%, and free-cash-flow guidance to US$16–17 billion. The update links present order growth with future manufacturing and delivery requirements; backlog conversion and the full-year financial targets remain dependent on execution.","category":"energy","region":"world","topics":["power"],"eventDate":"2026-10-28","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-28T19:44:58Z","modifiedAt":"2026-10-28T19:44:58Z","publicationBasis":"first-publication","preparedAt":"2026-10-28T19:44:12Z","sourcePublishedAt":"2026-10-28","translatedAt":null,"sources":[{"url":"https://www.gevernova.com/news/articles/ge-vernova-releases-third-quarter-2026-financial-results-announces-agreement-acquire","name":"GE Vernova","checkedAt":"2026-10-28","publishedAt":"2026-10-28"}],"translations":{"en":"https://wellficent.com/en/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","tr":"https://wellficent.com/tr/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","ar":"https://wellficent.com/ar/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","fr":"https://wellficent.com/fr/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","es":"https://wellficent.com/es/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","ru":"https://wellficent.com/ru/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026","pt":"https://wellficent.com/pt/news/ge-vernova-q3-orders-grid-equipment-backlog-oct28-2026"},"corrections":[],"locations":[],"type":"news","classification":{"version":"1","dataKinds":["corporate-results"],"geographies":[{"role":"economic-scope","countryCode":"US","subdivisionCode":null}],"evidenceBasis":["reported-observation","plan"],"measurementPeriod":{"to":"2026-Q3","from":"2026-Q3","precision":"quarter"}}}