GE Vernova Inc. (GEV) Financials
Key financial figures for GE Vernova Inc. (Q3 2026).
GE Vernova Q3 2026 orders of $29.3B (+96% organic, led by $21.8B at Power) lifted backlog to $197B, and the company raised 2026 guidance for revenue, adjusted EBITDA margin and free cash flow. Revenue was $12.6B, up 27% (18% organic) from $10.0B a year earlier; Power and Electrification drove the growth while Wind equipment was a partial offset. GAAP diluted EPS was $4.81 versus $1.64 in Q3 2025, and net income was $1.3B (10.2% margin). Orders were $29.3B, up 96% organically, with Power orders of $21.8B (+178% organically) on Gas Power equipment: 55 heavy-duty units including 21 HA turbines, plus 57 aeroderivatives. Backlog grew $20B sequentially to $197B, and the company now expects it to exceed $200B in Q4. On the outlook: Raised 2026 guidance: revenue of $46.5-$47.5B (prior $45.5-$46.5B), adjusted EBITDA margin of 13.5%-14.5% (prior 12%-14%), free cash flow of $16-$17B (prior $11.5-$12.5B). Power organic revenue growth of 19%-21% (prior 18%-20%) with 19%-21% segment EBITDA margin (prior 17%-19%); Electrification revenue of $14.5-$15.0B including about $3.1B from Prolec GE, with 18%-20% segment EBITDA margin trending toward the higher end; Wind organic revenue down mid-single digits (prior down low-double digits) with $400-$500M of segment EBITDA losses (prior about $400M). Management also expects backlog to exceed $200B in Q4 and at least 130 GW of gas equipment under contract by year-end 2026. Figures are for Q3 2026, as GE Vernova Inc. reported them.
- Revenue
- $12.6B
- Net Income
- $1.3B
- EPS
- $4.86
- Total Assets
- $86.2B
- Operating Cash Flow
- $6.1B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $12.6B | $1.3B | $4.81 | 11.03% | $5.4B |
| Q2 FY2026 | $11.1B | $668M | $2.47 | 5.88% | $5.1B |
| Q1 FY2026 | $9.3B | $4.7B | $17.44 | 1.92% | $4.8B |
| Q4 FY2025 | $11.0B | $3.7B | $13.28 | 5.49% | $1.8B |
| Q3 FY2025 | $10.0B | $452M | $1.64 | 3.67% | $733M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $38.1B | $4.9B | $17.69 | 3.65% | $3.7B |
| FY2024 | $34.9B | $1.6B | $5.58 | 2.25% | $1.7B |
| FY2023 | $33.2B | -$438M | -$1.60 | -2.78% | $442M |
Frequently asked questions
What was GE Vernova Inc.'s revenue last quarter?
GE Vernova Inc. reported revenue of $12.64 billion for Q3 FY2026, up 26.8% from the same period a year earlier.
Is GE Vernova Inc. profitable?
Yes. GE Vernova Inc. reported net income of $1.29 billion for Q3 FY2026, a net margin of 10.21% on revenue.
How has GE Vernova Inc.'s margin trended?
Operating margin was 11.03% in Q3 FY2026, compared with 3.67% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did GE Vernova Inc. generate?
GE Vernova Inc. generated free cash flow of $5.41 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for GE Vernova Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.