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GE Vernova's Electrification equipment backlog reaches $42.2bn, up 60%
What changed
GE Vernova reported Q3 2026 orders of $29 billion and revenue of $12.6 billion, up 27% (18% organic), with total backlog of $197 billion. Its Electrification segment, which makes grid equipment, switchgear and transformers, grew revenue 51% to $3.9 billion (16% organic, the rest mainly from the Prolec GE acquisition) and lifted its equipment backlog to $42.2 billion. GE Vernova raised its 2026 guidance.
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