AI's Power Boom: Vertiv and GE Vernova Smash Earnings as Data Centers Demand More Electricity

AI 📅 Oct 28, 2026 ✍️ Aamir Raza

AI's Power Boom Hits Earnings

Vertiv and GE Vernova both crushed third-quarter expectations as AI data centers drive huge demand for power and cooling gear. LexxWire

Vertiv's Q3 sales jumped 61% to $4.31 billion, organic orders rose over 100%, and shares surged about 14% on the day. LexxWire

GE Vernova's orders jumped 96% to $29.3 billion and revenue rose 27% to $12.64 billion, beating Wall Street estimates. LexxWire

Every new AI data center needs electricity, cooling, and grid equipment before a single chip switches on — and demand keeps accelerating. LexxWire

GE Vernova is buying high-voltage grid equipment maker Trench Group for $9 billion, and both companies raised their full-year outlooks. LexxWire