GE Vernova
Builds and services power-generation, wind, and grid equipment for electricity systems worldwide.
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Profile
Sells generation equipment, wind turbines, grid hardware, storage systems, and software, then earns additional revenue by servicing installed fleets and executing long-cycle projects worldwide. Three segments span Power, Wind, and Electrification, with Prolec GE transformers now integrated into the grid portfolio.
Supplies equipment and services across Power, Wind, and Electrification, spanning gas, nuclear, and hydro generation; onshore and offshore wind turbines; and grid hardware, conversion, storage, and software. The portfolio serves utilities, independent generators, governments, and industrial customers worldwide.
Pairs equipment sales with long-term services across a large installed base and standardizes wind offerings around fewer workhorse turbines. Electrification now includes Prolec GE transformers alongside Power Transmission, Grid Systems Integration, Power Conversion & Storage, and Grid Automation & Software.
Execution depends on disciplined contract underwriting, manufacturing capacity, supply chains, and utility investment cycles. Wind remains tied to a concentrated U.S. onshore market and completion of the existing offshore backlog, while Power carries long-term service obligations and Electrification faces extended customer lead times.
Company facts
Categories
Key statistics
Year to date +34.1% · Average volume (30d) 2.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Morgan Stanley | Downgrade | Overweight | Underweight | ||
| Jul 24, 2026 | Mizuho Securities | Target | $714 | $949 | ||
| Jul 23, 2026 | RBC Capital | Reiterate | Outperform | $1,195 | $1,225 | |
| Jul 23, 2026 | Oppenheimer | Reiterate | Outperform | $1,303 | $1,338 | |
| Jul 23, 2026 | Guggenheim | Reiterate | Buy | $1,300 | $1,450 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 22, 2026Q2 FY26 | $3.17 | $2.47 | −22.1% | $10.79B | $11.10B | +2.9% | +4.69% |
| Apr 22, 2026Q1 FY26 | $1.95 | $1.98 | +1.5% | $9.25B | $9.34B | +0.9% | +1.95% |
| Jan 28, 2026Q4 FY25 | $2.93 | $13.39 | +357.0% | $10.21B | $10.96B | +7.4% | +0.82% |
| Oct 22, 2025Q3 FY25 | $1.72 | $1.64 | −4.7% | $9.14B | $9.97B | +9.0% | +3.32% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $8.04B | $9.11B | $9.97B | $10.96B | $9.34B | $11.10B | |
| Gross profit | $1.52B | $1.85B | $1.90B | $2.32B | $1.78B | $2.36B | |
| Operating income | $76.0M | $378.0M | $366.0M | $601.0M | $179.0M | $655.0M | |
| Net income | $254.0M | $514.0M | $452.0M | $3.66B | $4.75B | $668.0M | |
| Diluted EPS | $0.91 | $1.86 | $1.64 | $13.28 | $17.44 | $2.47 | |
| Gross margin | 18.9% | 20.3% | 19.0% | 21.2% | 19.1% | 21.3% | |
| Operating margin | 0.9% | 4.1% | 3.7% | 5.5% | 1.9% | 5.9% |
Fiscal years (4-quarter sums)FY23 $33.24B · FY24 $34.93B · FY25 $38.08B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $13.12B · Total debt $3.96B · Total assets $80.80B · Shareholders' equity $11.96B
Dividends
Last raised to $0.50 from $0.25 in Jan 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jul 14 | $0.50 | |
| Mar 17, 2026 | Mar 17 | Apr 14 | $0.50 | |
| Jan 5, 2026 | Jan 5 | Feb 2 | $0.50 | raised from $0.25 |
| Oct 20, 2025 | Oct 20 | Nov 17 | $0.25 | |
| Jul 21, 2025 | Jul 21 | Aug 18 | $0.25 | |
| Apr 17, 2025 | Apr 18 | May 16 | $0.25 | |
| Dec 20, 2024 | Dec 20 | Jan 28 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 266.33M · Float 265.94M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 21.76M | 8.17% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 17.55M | 6.59% | 13F | Aug 13, 2026 |
| FMR LLC | 16.15M | 6.06% | 13F | Aug 13, 2026 |
| State Street Corp | 11.77M | 4.42% | 13F | Aug 7, 2026 |
| Geode Capital Management, LLC | 6.35M | 2.38% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 1, 2026 | Victor Abate | officer: Chief Executive Officer, Wind | −4,819 | $948.08 |
| May 14, 2026 | Matthew Joseph Potvin | officer: Chief Accounting Officer | −2,333 | $1,059.09 |
| Mar 3, 2026 | Steven Baert | officer: Chief People Officer | −5,300 | $850.00 |
Peers
Not reported.