GE Vernova Inc. (GEV) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, ladies and gentlemen, and welcome to GE for NOVA's first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. My name is Liz, and I will be your conference coordinator today. If you experience issues with the webcast slides refreshing or there appears to be delays in the slide advancement, please hit F5 on your keyboard to refresh. As a reminder, this conference is being recorded. I'd now like to turn the program over to your host for today's conference, Michael Lapidus. Vice President of Investor Relations. Please proceed. Thank you. Welcome to GE Vernova's first quarter 2026 earnings call. I'm joined today by our CEO, Scott Strasik, and CFO, Ken Parks. Our conference call remarks will include both GAAP and non-GAAP financial results. Reconciliations between GAAP and non-GAAP measures can be found in today's Form 10Q press release and presentation slides, all of which are available on our website. Please note that unless otherwise specified, our year-over-year commentary or variances on orders, revenue, adjusted and segment EBITDA and margin discussed during our prepared remarks are on an organic basis, which includes the removal of the impact of our ProLite GE acquisition. In addition, we realigned the reporting of certain business units to reflect how we are managing the company. Notably in power, we integrated the STEAM business primarily into our nuclear business. In electrification, we realigned the segment into four distinct business units to provide investors with greater visibility. This included revising our former grid solutions and electrification software business units into three separate business units, power transmission, grid systems integration, and grid automation and software. A portion of our ...