GE VernovaGEVEarnings & Financial Report
GE Vernova, Inc. is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. The company operates through three main segments: Power, which designs, manufactures, and services gas, nuclear, hydro, and steam technologies; Wind, which provides onshore and offshore wind turbines and blades; and Electrification, which offers grid solutions, power conversion, solar and storage solutions, and digital technologies for the transmission, distribution, and manag...
Revenue
$8.9B
Gross Profit
$1.1B
Operating Profit
$-359.0M
Net Profit
$-96.0M
Gross Margin
12.4%
Operating Margin
-4.0%
Net Margin
-1.1%
YoY Growth
8.0%
EPS
$-0.35
GE Vernova Q3 FY2024 Financial Summary
GE Vernova reported revenue of $8.9B (up 8.0% YoY) for Q3 FY2024, with a net profit of $-96.0M (up 43.5% YoY) (-1.1% margin). Cost of goods sold was $7.8B, operating expenses totaled $1.5B.
Key Financial Metrics
| Total Revenue | $8.9B |
|---|---|
| Net Profit | $-96.0M |
| Gross Margin | 12.4% |
| Operating Margin | -4.0% |
| Report Period | Q3 FY2024 |
Revenue Breakdown
GE Vernova Q3 FY2024 revenue of $8.9B breaks down across 3 segments, led by Power Segment at $4.2B (46.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Power Segment | $4.2B | 46.6% |
| Wind Segment | $2.9B | 32.3% |
| Electrification Segment | $1.9B | 21.0% |
GE Vernova Annual Revenue by Year
GE Vernova annual revenue history includes year-by-year totals (for example, 2025 revenue was $38.1B).
| Year | Annual Revenue |
|---|---|
| 2025 | $38.1B |
| 2024 | $34.9B |
GE Vernova Quarterly Revenue & Net Profit History
GE Vernova results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $9.3B | +16.3% | $4.8B | 50.9% |
| Q4 FY2025 | $11.0B | +3.8% | $3.7B | 33.4% |
| Q3 FY2025 | $10.0B | +11.8% | $452.0M | 4.5% |
| Q2 FY2025 | $9.1B | +11.1% | $514.0M | 5.6% |
| Q1 FY2025 | $8.0B | +10.6% | $254.0M | 3.2% |
| Q4 FY2024 | $10.6B | — | $484.0M | 4.6% |
| Q3 FY2024 | $8.9B | +8.0% | $-96.0M | -1.1% |
| Q2 FY2024 | $8.2B | +1.0% | $1.3B | 15.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.20B | $8.91B | $10.56B | $8.03B | $9.11B | $9.97B | $10.96B | $9.34B |
| YoY Growth | 1.0% | 8.0% | N/A | 10.6% | 11.1% | 11.8% | 3.8% | 16.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $48.05B | $50.85B | $51.48B | $51.56B | $53.08B | $54.40B | $63.02B | N/A |
| Liabilities | $38.00B | $40.34B | $40.89B | $41.89B | $43.13B | $44.67B | $50.72B | N/A |
| Equity | $9.07B | $9.50B | $9.55B | $8.61B | $8.88B | $8.65B | $11.18B | N/A |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $979.0M | $1.13B | $921.0M | $1.16B | $367.0M | $980.0M | $2.48B |