GE Vernova bullish on electrical infrastructure as turbine backlog grows

Core Insights - GE Vernova reported a Q3 2025 revenue of $10 billion, reflecting a 10% year-over-year increase [1] - Total orders reached $14.7 billion, marking a significant 55% year-over-year growth, primarily driven by the power and electrification segments [2] - The gas turbine backlog increased to 62 GW, up 7 GW from Q2 2025, which includes 29 GW in order backlog and 33 GW in slot reservations [3] Electrification Segment - The electrification segment experienced a remarkable 102% growth, making it the fastest-growing segment for GE Vernova [4] - GE Vernova plans to acquire the remaining 50% of Prolec GE for $5.3 billion, which is expected to close by mid-2026, enhancing its capabilities in the North American market [4][5] - Prolec's data center sales grew from 10% of total sales in 2024 to nearly 20% in 2025, indicating a strategic shift towards integrated solutions for new customer types, such as data centers [6] Revenue Growth and Projections - Revenue in the electrification segment surged by 32% year-over-year, with equipment orders more than doubling [7] - GE Vernova anticipates 25% organic revenue growth for the year, an increase from previous forecasts of around 20%, with a target of 10% annual growth through 2030 [7] - Key growth drivers include data centers, widespread electrification, increased grid flexibility needs, utility-led transmission investments, and heightened national security interests [8] Data Center Impact - Hyperscale data centers have contributed $900 million in orders since January, positioning the segment to potentially double the total orders of $600 million from 2024 [9]