GE Vernova and Vertiv report robust order growth tied to electrification and AI demand

GE Vernova indicated orders rose roughly 55% year over year, led by grid, power, and electrification solutions. Vertiv reported about 60% order growth and 63% profit growth in Q3, citing strong demand from data centers and AI-related deployments. Both companies highlighted backlog visibility, services attachment, and capacity expansions as drivers into 2026. Analysts focused on delivery schedules, pricing discipline, and working capital trends given scale-up requirements. Risks include utility interconnection delays, transformer lead times, and capital spending normalization if hyperscaler budgets slow from current elevated levels.