Overview
- GE Vernova beat first‑quarter estimates by a wide margin, posting earnings per share of $17.44 on $9.3 billion in sales and lifting its 2026 revenue outlook to $44.5 billion to $45.5 billion.
- The company said it booked $2.4 billion in data‑center equipment orders in the quarter and reported electrification backlog growth to $42 billion from $9 billion at the end of 2022.
- Vertiv also topped forecasts with earnings per share of $1.17 and revenue of $2.65 billion, yet it issued near‑term guidance that came in lighter than some expected.
- Investor reaction split after the results, with GE Vernova shares jumping about 14% and Vertiv slipping roughly 2.3%.
- Hyperscale cloud and AI builders are driving large infrastructure orders, with JLL estimating $710 billion in data‑center‑related spending this year.