GE Vernova

GEV · NYSE · USD

$988.70+0.13%+$1.25

Close · October 2, 2026

At a glance

Revenue growth: +8.97%; 2025 vs 2024
Net income growth: +214.69%; 2025 vs 2024
Net margin: 12.8%; 2024: 4.4%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Quarterly
Item	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023
Total revenue	11,104	9,339	10,956	9,969	9,111	8,032	10,558	8,913	8,204	7,260	10,045	8,253
Cost of revenue	8,709	7,474	8,616	8,057	7,241	6,508	8,447	7,656	6,487	6,006	8,304	7,152
Gross profit	2,395	1,865	2,340	1,912	1,870	1,524	2,111	1,257	1,717	1,254	1,741	1,101
Selling, general and administrative	1,232	1,051	1,166	1,030	1,049	1,058	1,136	1,036	797	1,029	809	933
Research and development	334	304	365	310	282	239	265	243	237	237	255	223
Operating income	829	510	809	572	539	227	710	-22.0	683	-12.0	677	-55.0
EBIT	829	510	809	572	539	227	710	-22.0	683	-12.0	677	-55.0
EBITDA	1,246	852	1,039	785	744	432	979	268	937	239	929	187
Interest expense	—	—	—	—	—	—	74.0	—	—	14.0	—	21.0
Pre-tax income	925	5,103	1,106	746	645	333	1,113	-122	1,602	-96.0	328	-16.0
Income tax	276	354	-2,565	293	153	68.0	629	-23.0	322	10.0	122	169
Net income	668	4,745	3,664	452	514	254	484	-96.0	1,294	-130	197	-170
Net income to common shareholders	668	4,745	3,664	452	514	254	484	-96.0	1,294	-130	197	-170
Basic EPS	2.49	17.64	13.57	1.66	1.89	0.92	1.75	-0.35	4.72	-0.47	0.72	-0.62
Diluted EPS	2.47	17.44	13.36	1.64	1.86	0.91	1.73	-0.35	4.65	-0.47	0.72	-0.62
Average shares (basic)	268	269	270	272	272	275	276	275	274	274	274	274
Average shares (diluted)	270	272	274	275	276	279	280	275	278	274	274	274
Dividend per share	0.50	0.50	0.50	0.25	0.25	0.25	0.25	—	—	—	—	—