GE Vernova (GEV)
Builds and services power-generation, wind, and grid equipment for electricity systems worldwide.
$953.75
vs last close+7.53 (+0.80%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,252 | 10,045 | 7,259 | 8,204 | 8,913 | 10,558 | 8,041 | 9,111 | 9,969 | 10,956 | 9,339 | 11,104 |
| Cost of revenue | 7,201 | 8,359 | 6,110 | 6,502 | 7,804 | 8,435 | 6,519 | 7,265 | 8,071 | 8,635 | 7,557 | 8,743 |
| Gross profit | 1,051 | 1,687 | 1,150 | 1,702 | 1,109 | 2,123 | 1,522 | 1,846 | 1,898 | 2,321 | 1,781 | 2,361 |
| 1,358 | 1,589 | 1,438 | 1,175 | 1,468 | 1,530 | 1,446 | 1,468 | 1,532 | 1,719 | 1,602 | 1,706 | |
| Research & development | 223 | 255 | 237 | 237 | 243 | 265 | 239 | 282 | 310 | 366 | 304 | 334 |
| Selling, general & administrative | 1,135 | 1,335 | 1,202 | 938 | 1,226 | 1,266 | 1,207 | 1,185 | 1,221 | 1,355 | 1,298 | 1,372 |
| Other expenses | 0 | −1 | −1 | 0 | −1 | −1 | 0 | 1 | 1 | −2 | 0 | 0 |
| Operating income | −307 | 97 | −289 | 527 | −359 | 593 | 76 | 378 | 366 | 601 | 179 | 655 |
| 291 | 312 | 193 | 1,075 | 237 | 520 | 257 | 267 | 380 | 504 | 4,924 | 270 | |
| Interest income | 23 | −48 | 6 | 81 | 57 | 104 | 72 | 59 | 135 | 80 | 0 | 28 |
| Interest expense | 21 | 8 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | −312 | −320 | −207 | −1,075 | 1 | 1 | −257 | −267 | −380 | −504 | −4,924 | −270 |
| Income before tax | −16 | 409 | −96 | 1,602 | −122 | 1,113 | 333 | 645 | 746 | 1,105 | 5,103 | 925 |
| Income tax expense | 169 | 305 | 10 | 322 | −23 | 629 | 68 | 153 | 293 | −2,565 | 354 | 276 |
| Net income from continuing operations | −185 | 104 | −106 | 1,280 | −99 | 484 | 265 | 492 | 453 | 3,670 | 4,749 | 649 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 38 |
| Net income | −170 | 95 | −130 | 1,294 | −96 | 484 | 254 | 514 | 452 | 3,664 | 4,745 | 668 |
| EPS, basic | −$0.62 | $0.35 | −$0.48 | $4.72 | −$0.35 | $1.75 | $0.92 | $1.89 | $1.66 | $13.45 | $17.65 | $2.49 |
| EPS, diluted | −$0.62 | $0.35 | −$0.48 | $4.65 | −$0.35 | $1.73 | $0.91 | $1.86 | $1.64 | $13.28 | $17.44 | $2.47 |
| Weighted average shares, basic | 272 | 272 | 272 | 274 | 275 | 275 | 275 | 272 | 272 | 272 | 269 | 268 |
| Weighted average shares, diluted | 272 | 272 | 272 | 278 | 275 | 278 | 279 | 276 | 275 | 276 | 272 | 270 |
| EBITDA | 247 | 669 | 169 | 1,856 | 38 | 861 | 538 | 850 | 959 | 1,335 | 5,445 | 925 |
| Depreciation & amortization | 242 | 252 | 251 | 254 | 398 | 269 | 205 | 205 | 213 | 230 | 342 | 0 |
| EBIT | 5 | 417 | −82 | 1,602 | −360 | 592 | 333 | 645 | 746 | 1,105 | 5,103 | 925 |