GE Vernova is scheduled to release its third-quarter 2026 results on Oct. 28, with investors focused on whether gas-power orders and production are keeping pace with the company’s expanding commitments.
Gas Power supplied much of the momentum in the second quarter. The segment signed 20 GW of new gas-equipment contracts, including 18 GW of slot reservations and 2 GW of orders, converted 10 GW of existing reservations into orders and shipped 3 GW of equipment. Its equipment backlog rose from 44 GW to 53 GW, while slot reservations increased from 56 GW to 63 GW.
GE Vernova reported 52 heavy-duty gas-turbine units in second-quarter orders, including 15 H-class, or HA, turbines, and 61 aeroderivative turbines. HA machines are larger heavy-duty units typically sold with long-term service agreements, creating a stream of service activity after installation.
The company has also raised its production ambitions. Chief Executive Scott Strazik said GE Vernova remained on track to reach a 20 GW annual gas-turbine output rate in the third quarter of 2026, with a target of 24 GW in 2028 and actions aimed at reaching 30 GW in 2030. Management expects the gas-equipment backlog and reservations to reach at least 125 GW by the end of 2026, while the company is already taking reservations for deliveries in 2031.
That gas-power strength contrasts with pressure in Wind, where second-quarter equipment orders fell 40% year over year and segment losses increased. The Oct. 28 results should clarify whether third-quarter gas orders, HA-turbine demand, shipments and the year-end gigawatt target are accelerating beyond the company’s July outlook; until then, the 116 GW figure is the clearest measure of the power capacity behind the dollar backlog.