Gas Power (gas turbines)
Ramping gas turbine output toward 20 GW a year in Q3 2026, with 125 GW of gas equipment under contract targeted by year-end 2026.
The numbers
What it is
Heavy-duty and aeroderivative gas turbines and the steam and service work around them. Customers include utilities and data-center developers that need firm power. Orders are booked through firm orders and slot reservation agreements that reserve factory capacity years ahead.
Why it matters to the stock. This is the main driver of Power orders, backlog and margin. Output per quarter and how many slots are sold set the pace of revenue for the next several years.
News
GE Vernova signs rotor life-extension services for five 9F turbines in Egypt
GE Vernova agreed on September 23, 2026 to provide rotor life-extension services for five 9F gas turbines at three Egyptian power plants.
GE Vernova signs two Venezuela agreements targeting 1 GW in 24 months and 5 GW after
GE Vernova signed two agreements in Caracas on September 2, 2026, one with state oil company PDVSA for self-generation at oil and gas sites and one with state utility Corpoelec for grid projects.
Azulao I gas plant in Brazil starts commercial operation with 295 MW of GE Vernova turbines
GE Vernova and Eneva said the Azulao I thermal plant in Brazil began commercial operation on August 19, 2026.
GE Vernova raises 2026 revenue guidance to $45.5B-$46.5B and free cash flow to $11.5B-$12.5B
GE Vernova raised its 2026 revenue outlook to $45.5 billion to $46.5 billion, from $44.5 billion to $45.5 billion.
Gas equipment backlog and slot reservations rise to 100 GW, target 110 GW by year-end
In its first-quarter 2026 results, GE Vernova said gas equipment backlog plus slot reservation agreements rose to 100 GW from 83 GW at the end of 2025.
GE Vernova and Xcel Energy sign strategic alliance with five F-class turbine reservation
GE Vernova and Xcel Energy announced a strategic alliance to support Xcel's generation and grid projects into the 2030s.
GE Vernova Q4 2025 revenue rises 4% to $11.0B; 2026 revenue and cash flow guidance raised
GE Vernova reported fourth-quarter 2025 revenue of $11.0 billion, up 4% (2% organically), and orders of $22.2 billion, up 65% organically.
GE Vernova Power segment CEO Mavi Zingoni steps down; Eric Gray takes the role
An 8-K filing shows Mavi Zingoni's exit as chief executive of the Power segment took effect January 21, 2026, under a mutual agreement, and she stays as an adviser until June 30, 2026.