GE Vernova's Orders Jumped 96%. The Number Hiding Underneath Is Electrification's 9% Decline.

GE Vernova reported strong Q3 2026 results with orders up 96% year-over-year to $29 billion and sales up 27%, driven by AI data center electricity demand. However, the electrification division saw orders decline 9%. The article argues this decline is not concerning, as it resulted from an unusually strong Q3 2025 comparison, and the division maintains a healthy 1.4x book-to-bill ratio, indicating continued order strength.