GE Vernova Inc. (GEV) Financials
Key financial figures for GE Vernova Inc. (Q2 2026).
GE Vernova's orders surged to $24.2B (+88% organically) and total backlog grew to $176B, prompting a second straight guidance raise for 2026 revenue and free cash flow. Revenue of $11.1B, up 22% reported and 12% organically, led by Power and Electrification equipment; net income of $649M (5.8% margin) and diluted EPS of $2.47. Adjusted EBITDA of $1.25B, margin of 11.3% (up 340 bps organically); free cash flow of $5.1B, already exceeding all of 2025's free cash flow. Orders of $24.2B (+88% organically) drove a $13.0B sequential increase in backlog to $176B; Gas Power equipment backlog and slot reservations grew from 100 to 116 GW, with the year-end target raised to at least 125 GW. On the outlook: Raised full-year 2026 guidance: revenue of $45.5-$46.5 billion (up from $44.5-$45.5 billion) and free cash flow of $11.5-$12.5 billion (up from $6.5-$7.5 billion); adjusted EBITDA margin guidance held at 12%-14%. Segment guidance: Power 18%-20% organic revenue growth (up from 16%-18%) with 17%-19% segment EBITDA margin; Electrification revenue of $14.5-$15.0 billion including approximately $3.1 billion from Prolec GE (up from $14.0-$14.5 billion) with 18%-20% segment EBITDA margin; Wind organic revenue down low-double digits with approximately $400 million of segment EBITDA losses. Figures are for Q2 2026, as GE Vernova Inc. reported them.
- Revenue
- $11.1B
- Net Income
- $649M
- EPS
- $2.49
- Total Assets
- $80.8B
- Operating Cash Flow
- $5.5B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $11.1B | $668M | $2.47 | 5.9% | $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 |
| Q2 FY2025 | $9.1B | $514M | $1.86 | 4.15% | $194M |
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 | -$1.61 | -2.78% | $442M |
Frequently asked questions
What was GE Vernova Inc.'s revenue last quarter?
GE Vernova Inc. reported revenue of $11.10 billion for Q2 FY2026, up 21.9% from the same period a year earlier.
Is GE Vernova Inc. profitable?
Yes. GE Vernova Inc. reported net income of $668.0 million for Q2 FY2026, a net margin of 6.02% on revenue.
How has GE Vernova Inc.'s margin trended?
Operating margin was 5.9% in Q2 FY2026, compared with 4.15% 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 $5.11 billion in Q2 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.