0834 ET - GE Vernova reports orders up 55% and a swelling backlog driven in part by the tech sector's data center buildout. "Hyperscalers increasingly are turning to us for their electrification needs," CEO Scott Strazik says on a call with analysts. Those hyperscalers made up $400 million of orders in 3Q, he says. The company has booked about $900 million in electrification orders with hyperscalers so far this year, compared with $600 million for all of 2024, the CEO says. The company just paid more than $5 billion to buy Xignux out of their Prolec JV, which makes transformers that are relied upon by data center customers, Strazik says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

October 22, 2025 08:34 ET (12:34 GMT)

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