Energy technology company GE Vernova (GEV) said Wednesday its backlog stood at $176.28 billion as of June 30, an increase from the previous year's $128.65 billion, as equipment orders in the power and electrification segments climbed.
The figures represent the company's remaining performance obligation, a measure of backlog, which includes "unfilled firm and unconditional customer orders for equipment and services," according to GE Vernova's Q2 report.
The power segment backlog grew year over year to $111.65 billion from $79.22 billion. It received 12.1 gigawatts of gas turbine orders during the quarter, more than double the 5.1 GW order a year earlier.
It sold 29 gas turbines in Q2, up from 21 units a year ago, although equivalent capacity decreased to 3.3 GW from 5.2 GW.
The power segment generated $5.48 billion in revenue during the period, up from $4.79 billion in the same period of 2025, the report showed.
The electrification segment's backlog also grew year over year to $44.56 billion from $27.12 billion, while corresponding revenue climbed to $3.64 billion from $2.16 billion.
GE Vernova said it expects to have at least 125 GW of contracted gas equipment by year-end and sees strong demand growth in electrification due to data center orders.
Meanwhile, in the wind business unit, the company posted a decrease in backlog to $20.39 billion from $22.51 billion, and a corresponding decline in revenue to $2.03 billion from $2.25 billion.
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