GEV Stock Hits Record Highs — GE Vernova Raises 2026 Guidance, Sees Accelerating Pricing Power In Q2

• GE Vernova now expects to reach at least 110 GW of combined gas turbine backlog and slot reservations by year-end, up from 100 GW currently. 
• The company's Electrification segment booked $2.4 billion in equipment orders to support data centers in Q1 alone—more than all of 2025.
• Second-quarter orders in April to date have already exceeded all of Q1 in value. 

Shares of GE Vernova (GEV) surged to record highs on Wednesday after the company said it expects demand from AI data centers to surge and pricing power to accelerate in the second quarter (Q2).

The company said it now expects 2026 revenue of $44.5 billion to $45.5 billion, up from its prior view of $44 billion to $45 billion. It also added that its combined gas turbine backlog is expected to reach at least 110 GigaWatts and slot reservation agreements by year-end — up from 100 GW currently and 83 GW at the start of the year.

Pricing Power Kicks In

The company said that it expects orders in the first half of 2026 to be priced 10% to 20% higher than the fourth quarter (Q4) 2025 orders on a dollar-per-kW basis.

This momentum has already carried forward into the second quarter, as the company said the second quarter orders to date have already exceeded all of the first quarter (Q1) in terms of value.

Rising Demand From Data Centers 

GE Vernova's Electrification segment booked $2.4 billion in equipment orders to support data centers in the first quarter alone, more than the segment booked for all of 2025.

About 20% of the company's total contracted gigawatts now explicitly support data centers, with the remaining 80% tied to traditional utility customers. 

CEO Scott Strazik has said that the company is having "healthy conversations" with hyperscalers that could lead to volume agreements stretching as far as 2035, according to a Forbes report.

The report also stated that a number of customers GE Vernova had signed framework contracts and reservation deals for gas turbines and grid equipment. These customers include players such as Microsoft, Amazon Web Services, Meta, and Crusoe, looking to advance their AI infrastructure.

GEV’s First Quarter Earnings

GE Vernova reported a revenue of $9.34 billion in the first quarter, compared to an estimated $9.25 billion.  

The company reported $18.3 billion in orders for the first quarter, up more than 71% on an organic basis. The growth was driven by strong equipment demand in the Electrification and Power segments, while services growth was led by the Power division.

The company has also raised its 2026 outlook. It now expects revenue of $44.5 billion to $45.5 billion, compared to $44 billion to 45 billion earlier. 

GE Vernova expects its adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization(EBITDA) margin to be in the range of 12% to 14%, up from 11% to 13% earlier.

How Did Retail Traders React?

On Stocktwits, the retail sentiment surrounding the stock has improved from ‘bullish’ to ‘extremely bullish,’ and the message volumes also turned a notch higher from ‘normal’ to ‘high.’

The retail chatter on the stock rose over 75% in the past 24 hours

Shares of GE Vernova have more than halved so far this year.

The JPMorgan Active Growth (JGRO) is up 0.30% year to date, and the Avantis US Equity ETF (AVUS) has risen by over 7% in the period.

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