GE Vernova reported increased wind orders in the first quarter of 2026, driven primarily by onshore turbine demand, while revenues declined due to earlier market softness and lower equipment deliveries.
Wind segment orders reached $1.2 billion, representing strong growth compared with the previous year, supported by higher onshore wind equipment activity, particularly in North America.
However, wind revenues decreased to $1.4 billion, reflecting reduced onshore equipment deliveries following weaker order intake in the first half of 2025. Increased activity in onshore wind services and offshore installations partially offset this decline.
The company reported a segment EBITDA loss of approximately $0.4 billion in wind, attributed mainly to lower onshore equipment volumes, tariff impacts and higher offshore wind contract losses.
In offshore wind, GE Vernova completed turbine installations at the Dogger Bank A project in the United Kingdom and at Vineyard Wind in the USA during the quarter.
The results indicate a divergence between improving order intake and ongoing challenges in execution and profitability, particularly in onshore equipment and offshore project delivery.
