GE Vernova
What matters nowUpdated Yesterday
- GE Vernova will report third-quarter 2026 results before the market opens on Wednesday, October 28, with a 7:30 a.m. ET webcast hosted by CEO Scott Strazik and CFO Ken Parks; it is the next scheduled test of orders and backlog.
- Nuclear: on September 29 the US Nuclear Regulatory Commission issued the first US construction permit for a BWRX-300 small modular reactor, to the Tennessee Valley Authority for its Clinch River site in Oak Ridge, Tennessee. On September 22 SGE, GE Vernova, Hitachi and Samsung C&T signed an MoU to develop BWRX-300 fleets in Central and Eastern Europe and the UK; Poland has issued decisions in principle for 26 reactors.
- Gas and services: GE Vernova agreed on September 23 to provide rotor life-extension services for five 9F gas turbines at three Egyptian plants, adding 13 to 15 years of operating life, with work running 2028 to 2035. The company targets 125 GW of gas equipment under contract by December 31, 2026.
- Capital return: the board declared a $0.50 quarterly dividend on September 30, record date October 27, payable November 24.
- Next: Q3 results on October 28 (confirmed), then Q4 and full-year 2026 results, estimated around January 27, 2027 (not confirmed). Watch orders, backlog and gas-turbine slot reservations on the October 28 call.
GE Vernova makes gas and steam power equipment, wind turbines, grid and electrification equipment, and nuclear technology, and sells long-life services for all of them. It became independent from General Electric in April 2024 when the spin-off completed. Its three segments are Power, Wind and Electrification, and its backlog was $176 billion at the end of the second quarter of 2026. The gas turbine business is the main driver of Power orders and backlog.↗ source
How it makes money
GE Vernova sells large, long-cycle equipment such as gas turbines, wind turbines, transformers, switchgear and grid software to utilities, independent power producers and industrial customers. It books orders as equipment and services backlog that converts to revenue over several years, so results depend on how fast it can build and ship. Services on the installed base add recurring revenue. Gas turbine slot reservation agreements secure future manufacturing capacity ahead of firm orders.
Last 12 monthsChart & venues →
Valuation & fundamentalsFull financials →
TTM through 2026-06-30 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
Biggest businessesAll products & projects →
Gas Power (gas turbines)
Ramping gas turbine output toward 20 GW a year in Q3 2026, with 125 GW of gas equipment under contract targeted by year-end 2026.
Next: 20 GW annual gas turbine output in Q3 2026 · 2026-09-30
Electrification
Growing fastest in the group; 2026 revenue guidance raised to $14.5 billion to $15.0 billion.
Prolec GE transformers
Fully owned and consolidated in Electrification since the February 2026 closing.
Services
Services revenue was $17.1 billion in 2025, up 7% from 2024.
Latest newsAll news →
GE Vernova sets Q3 2026 results for October 28 before the open
GE Vernova will report third-quarter 2026 results before the market opens on Wednesday, October 28, 2026, with a webcast at 7:30 a.m.
GE Vernova plans to double MIT intern and permanent hires in 2027
GE Vernova said on October 6, 2026 that it aims to double the number of MIT interns and permanent hires it brings on in 2027.
GE Vernova declares $0.50 quarterly dividend for Q4 2026, payable November 24
GE Vernova's board declared a $0.50 per share quarterly dividend on September 30, 2026.
NRC issues first US construction permit for a BWRX-300 at TVA's Clinch River site
The US Nuclear Regulatory Commission issued a construction permit on September 29, 2026 to the Tennessee Valley Authority for one BWRX-300 small modular reactor at its Clinch River site in Oak Ridge, Tennessee.
GE Vernova signs rotor life-extension services for five 9F turbines in Egypt
GE Vernova agreed on September 23, 2026 to provide rotor life-extension services for five 9F gas turbines at three Egyptian power plants.
SGE, GE Vernova, Hitachi and Samsung C&T sign MoU for BWRX-300 fleets in Europe
SGE, GE Vernova, Hitachi and Samsung C&T signed a memorandum of understanding on September 22, 2026 to develop BWRX-300 small modular reactor deployments in Central and Eastern Europe and the UK.
Products & businesses
Gas Power (gas turbines)
Ramping gas turbine output toward 20 GW a year in Q3 2026, with 125 GW of gas equipment under contract targeted by year-end 2026.
Next: 20 GW annual gas turbine output in Q3 2026 · 2026-09-30
Electrification
Growing fastest in the group; 2026 revenue guidance raised to $14.5 billion to $15.0 billion.
Prolec GE transformers
Fully owned and consolidated in Electrification since the February 2026 closing.
Services
Services revenue was $17.1 billion in 2025, up 7% from 2024.
Offshore wind
Loss-making, with a court-ordered continuation of the Vineyard Wind contract under appeal.
Onshore wind
Part of the Wind segment; reported together with offshore wind, so trade on the Wind segment numbers.
What it's building next
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| Power↗ Gas turbines, steam turbines, nuclear and hydro equipment and their services. Gas is the core business, and gas equipment backlog plus slot reservations was 83 GW at the end of 2025. Power orders were $16.7 billion in the second quarter of 2026, up 134% organically. | — | — | |
| Wind↗ Onshore and offshore wind turbines and services. The segment has been loss-making, with the offshore business dragging on results. Wind revenue fell 10% in the second quarter of 2026, and segment EBITDA was a loss of $275 million. | — | — | |
| Electrification↗ Grid solutions, power conversion and electrical products, including transformers from Prolec GE, which GE Vernova bought the rest of in February 2026 and now consolidates. It is the fastest-growing segment, with second-quarter 2026 revenue up 68% (29% organically). | — | — |
Fiscal 2025 · from the annual report
Valuation & fundamentals
TTM through 2026-06-30 from SEC filings↗ (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q2 FY2026↗ 2026-06-30 | Q1 FY2026↗ 2026-03-31 | Q4 FY2025↗ 2025-12-31 | Q3 FY2025↗ 2025-09-30 | Q2 FY2025↗ 2025-06-30 | Q1 FY2025↗ 2025-03-31 | Q4 FY2024↗ 2024-12-31 | Q3 FY2024↗ 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.37B | $11.10B +22% | $9.34B +16% | $10.96Bd +4% | $9.97B +12% | $9.11B +11% | $8.03B +11% | $10.56Bd | $8.91B |
| Gross profit | $8.36B | $2.36B +28% | $1.78B +21% | $2.32Bd +9% | $1.90B +71% | $1.85B +8% | $1.47B +28% | $2.12Bd | $1.11B |
| Operating income | $1.80B | $653.0M +73% | $179.0M +316% | $601.0Md +1% | $366.0M | $378.0M -28% | $43.0M | $593.0Md | −$359.0M |
| Net income | $9.53B | $668.0M +30% | $4.75B +1768% | $3.66Bd +657% | $452.0M | $514.0M -60% | $254.0M | $484.0Md | −$96.0M |
| EPS (diluted) | $34.83 | $2.47 +33% | $17.44 +1816% | $13.28d +668% | $1.64 | $1.86 -60% | $0.91 | $1.73d | −$0.35 |
| Operating cash flow | $14.14B | $5.49Bd +1396% | $5.19B +347% | $2.48Bd +169% | $980.0Md -13% | $367.0Md -63% | $1.16B | $921.0Md | $1.13Bd |
| Capital expenditure | $1.70B | $386.0Md +123% | $397.0M +113% | $671.0Md +92% | $247.0Md +55% | $173.0Md +10% | $186.0M -14% | $350.0Md | $159.0Md |
| Share buybacks | $5.41B | $2.39Bd +399% | $1.28B +16% | $1.07Bd +35733% | $660.0Md +1550% | $480.0Md | $1.10B | $3.0Md | $40.0Md |
| Total debt | $2.85B | $2.85Bd | $2.86Bd | $352.0Md | — | — | — | — | — |
| Shares outstanding | 266.3M | 266.3M | 268.7M | 269.5M | 271.3M | 272.2M | 272.9M | 275.9M | 275.6M |
| Metric | FY2025↗ 2025-12-31 | FY2024↗ 2024-12-31 |
|---|---|---|
| Revenue | $38.07B +9% | $34.94B |
| Cost of revenue | $30.53B +6% | $28.85B |
| Gross profit | $7.54B +24% | $6.08B |
| Research & development | $1.20B +22% | $982.0M |
| Operating income | $1.39B +195% | $471.0M |
| EBIT | $1.39B +195% | $471.0M |
| Pre-tax income | $2.83B +13% | $2.50B |
| Depreciation & amortization | $615.0M -31% | $895.0M |
| Income tax | −$2.05B -318% | $939.0M |
| Net income | $4.88B +215% | $1.55B |
| EPS (diluted) | $17.69 +217% | $5.58 |
| Dividends per share | $1.25 +400% | $0.25 |
| Diluted shares (weighted) | 276.0M | 278.0M |
| Operating cash flow | $4.99B +93% | $2.58B |
| Capital expenditure | $1.28B +45% | $883.0M |
| Share buybacks | $3.32B +7612% | $43.0M |
| Dividends paid | $275.0M | $0 |
| Total debt | $352.0Md | — |
| Total assets | $63.02B | $51.48B |
| Total liabilities | $50.72B | $40.89B |
| Shareholders' equity | $11.18B | $9.55B |
| Shares outstanding | 269.5M | 275.9M |
From XBRL data in SEC filings; the ↗ on each period opens the filing it was read from. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
GE Vernova sets Q3 2026 results for October 28 before the open
GE Vernova will report third-quarter 2026 results before the market opens on Wednesday, October 28, 2026, with a webcast at 7:30 a.m.
GE Vernova plans to double MIT intern and permanent hires in 2027
GE Vernova said on October 6, 2026 that it aims to double the number of MIT interns and permanent hires it brings on in 2027.
GE Vernova declares $0.50 quarterly dividend for Q4 2026, payable November 24
GE Vernova's board declared a $0.50 per share quarterly dividend on September 30, 2026.
NRC issues first US construction permit for a BWRX-300 at TVA's Clinch River site
The US Nuclear Regulatory Commission issued a construction permit on September 29, 2026 to the Tennessee Valley Authority for one BWRX-300 small modular reactor at its Clinch River site in Oak Ridge, Tennessee.
GE Vernova signs rotor life-extension services for five 9F turbines in Egypt
GE Vernova agreed on September 23, 2026 to provide rotor life-extension services for five 9F gas turbines at three Egyptian power plants.
SGE, GE Vernova, Hitachi and Samsung C&T sign MoU for BWRX-300 fleets in Europe
SGE, GE Vernova, Hitachi and Samsung C&T signed a memorandum of understanding on September 22, 2026 to develop BWRX-300 small modular reactor deployments in Central and Eastern Europe and the UK.
GE Vernova and Vineyard Wind settle all litigation; termination notice withdrawn
GE Vernova and Vineyard Wind reached an amicable settlement on September 16, 2026 that resolves all outstanding litigation over the offshore wind project.
GE Vernova signs two Venezuela agreements targeting 1 GW in 24 months and 5 GW after
GE Vernova signed two agreements in Caracas on September 2, 2026, one with state oil company PDVSA for self-generation at oil and gas sites and one with state utility Corpoelec for grid projects.
GE Vernova names Rivian CFO Claire McDonough as next finance chief; Ken Parks to retire
GE Vernova named Rivian CFO Claire McDonough as its next chief financial officer on August 27, 2026.
GE Vernova and LS Electric agree joint venture to push VSC-HVDC in Korea
GE Vernova and LS Electric signed an agreement in Paris to form a joint venture around voltage-sourced converter HVDC technology.
GE Vernova launches GL316c 420 kV SF6-free circuit breaker at CIGRE Paris
GE Vernova launched the GL316c, a 420 kV live tank circuit breaker, at CIGRE Paris on August 26, 2026.
Azulao I gas plant in Brazil starts commercial operation with 295 MW of GE Vernova turbines
GE Vernova and Eneva said the Azulao I thermal plant in Brazil began commercial operation on August 19, 2026.
GE Vernova raises 2026 revenue guidance to $45.5B-$46.5B and free cash flow to $11.5B-$12.5B
GE Vernova raised its 2026 revenue outlook to $45.5 billion to $46.5 billion, from $44.5 billion to $45.5 billion.
GE Vernova shares fall after Q2 EBITDA miss, wider Wind losses and tariff cost estimate
Shares fell on July 22 after Reuters reported that GE Vernova's second-quarter adjusted EBITDA missed analyst estimates compiled by LSEG, even though orders, backlog and guidance were strong.
GE Vernova reports fiscal Q2 2026 results: revenue $11.10B, up 22% from a year earlier
GE Vernova filed a Form 8-K with the SEC on Jul 22, 2026, 6:25 AM ET, reporting an event dated Jul 22, 2026.
GE Vernova agrees to acquire Robotech Automation, a Montreal-area robotics integrator
On May 21, 2026, GE Vernova agreed to acquire Robotech Automation, a robotics and automation systems integrator near Montreal with about 35 employees.
GE Vernova declares $0.50 per share dividend for third quarter, payable July 14
GE Vernova's board declared a $0.50 per share quarterly dividend on May 19, 2026, payable July 14, 2026 to holders of record on June 16.
Gas equipment backlog and slot reservations rise to 100 GW, target 110 GW by year-end
In its first-quarter 2026 results, GE Vernova said gas equipment backlog plus slot reservation agreements rose to 100 GW from 83 GW at the end of 2025.
First BWRX-300 reactor basemat lowered into shaft at OPG Darlington
On April 22, 2026, the basemat for the first BWRX-300 small modular reactor at Ontario Power Generation's Darlington site was lifted and lowered into the reactor shaft, according to the American Nuclear Society.
GE Vernova reports fiscal Q1 2026 results: revenue $9.34B, up 16% from a year earlier
GE Vernova filed a Form 8-K with the SEC on Apr 22, 2026, 6:25 AM ET, reporting an event dated Apr 22, 2026.
Judge blocks GE Vernova from ending its Vineyard Wind turbine contract
On April 17, 2026, Suffolk Superior Court Judge Peter Krupp in Boston granted Vineyard Wind a preliminary injunction that stops a GE Vernova unit from terminating its contract on the 62-turbine, 800 MW project.
GE Vernova and Hitachi sign MoU to explore BWRX-300 small modular reactor deployment in Southeast Asia
GE Vernova and Hitachi, Ltd.
GE Vernova declares $0.50 per share quarterly dividend, payable April 14
GE Vernova's board declared a $0.50 per share quarterly dividend on February 17, 2026, payable April 14, 2026 to holders of record on March 17.
GE Vernova and Xcel Energy sign strategic alliance with five F-class turbine reservation
GE Vernova and Xcel Energy announced a strategic alliance to support Xcel's generation and grid projects into the 2030s.
GE Vernova completes $5.3B purchase of Prolec GE, taking full ownership of transformer maker
GE Vernova completed its purchase of the 50% of Prolec GE it did not already own, from its former joint venture partner Xignux, for $5.275 billion.
GE Vernova Q4 2025 revenue rises 4% to $11.0B; 2026 revenue and cash flow guidance raised
GE Vernova reported fourth-quarter 2025 revenue of $11.0 billion, up 4% (2% organically), and orders of $22.2 billion, up 65% organically.
GE Vernova reports fiscal Q4 2025 results: revenue $10.96B, up 4% from a year earlier
GE Vernova filed a Form 8-K with the SEC on Jan 28, 2026, 6:25 AM ET, reporting an event dated Jan 28, 2026.
GE Vernova Power segment CEO Mavi Zingoni steps down; Eric Gray takes the role
An 8-K filing shows Mavi Zingoni's exit as chief executive of the Power segment took effect January 21, 2026, under a mutual agreement, and she stays as an adviser until June 30, 2026.
GE Vernova reports fiscal Q3 2025 results: revenue $9.97B, up 12% from a year earlier
GE Vernova filed a Form 8-K with the SEC on Oct 22, 2025, 6:36 AM ET, reporting an event dated Oct 22, 2025.
SEC filings
| Aug 27, 26 | 8-K | 8-K: Director/Officer Change (Item 5.02) | sec.gov ↗ |
| Jul 22, 26 | 10-Q | 10-Q: Quarterly report for the period ended Jun 30, 2026 | sec.gov ↗ |
| Jul 22, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Jun 25, 26 | 11-K | 11-K: Employee stock plan annual report | sec.gov ↗ |
| Jun 3, 26 | 4 | Form 4: Abate Victor (Chief Executive Officer, Wind) — open-market sale 4,819 sh | sec.gov ↗ |
| Jun 1, 26 | SD | SD: Specialized disclosure (conflict minerals) | sec.gov ↗ |
| Jun 1, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: ANGEL STEPHEN F (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: Rucker Kim K.W. (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: Akins Nicholas K (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: DONALD ARNOLD W (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: Matthew C. Harris (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: Reynolds Paula Rosput (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: HUNDMEJEAN MARTINA (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 4 | Form 4: MALAVE JESUS JR (Director) — derivative/holdings only | sec.gov ↗ |
| May 22, 26 | 8-K | 8-K: Shareholder Vote Results (Item 5.07) | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: Potvin Matthew Joseph (Chief Accounting Officer) — open-market sale 2,333 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: Matthew C. Harris (Director) — option exercise 495 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: Akins Nicholas K (Director) — option exercise 495 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: Reynolds Paula Rosput (Director) — option exercise 495 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: DONALD ARNOLD W (Director) — option exercise 495 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: HUNDMEJEAN MARTINA (Director) — option exercise 495 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: Rucker Kim K.W. (Director) — option exercise 495 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: MALAVE JESUS JR (Director) — option exercise 495 sh | sec.gov ↗ |
| May 18, 26 | 4 | Form 4: ANGEL STEPHEN F (Director) — option exercise 1,350 sh | sec.gov ↗ |