Inferra AI / Company / GEV
GE Vernova
GEV · Industrials
Last earnings Oct 28, 2026
Key results
GW revenuequarter
$10.0
GW Revenue of $10.0 B, + 12% , + 10% organically*, with growth in both equipment and services
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Net incomequarter
$0.5
Net income of $0.5 B net income margin of 4.5% Adjusted EBITDA* of $0.8 B and adjusted EBITDA margin* of 8.1% Cash from operating activities o f $1.0 B free cash flow* of $ 0.7 B $7.9 B cash balance $2.4B in capital returned to shareholders year-to-date CAMBRIDGE, Mass.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
B net incomequarter
4.5%
Net income of $0.5 B net income margin of 4.5% Adjusted EBITDA* of $0.8 B and adjusted EBITDA margin* of 8.1% Cash from operating activities o f $1.0 B free cash flow* of $ 0.7 B $7.9 B cash balance $2.4B in capital returned to shareholders year-to-date CAMBRIDGE, Mass.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
B free cash flowquarter
$ 0.7
Net income of $0.5 B net income margin of 4.5% Adjusted EBITDA* of $0.8 B and adjusted EBITDA margin* of 8.1% Cash from operating activities o f $1.0 B free cash flow* of $ 0.7 B $7.9 B cash balance $2.4B in capital returned to shareholders year-to-date CAMBRIDGE, Mass.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Revenuequarter
$4.8 billion
Power Orders of $7.8 billion increased + 50% organically and revenues of $4.8 billion increased + 15% , + 14% organically*, led by Gas Power .
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Revenues of $2.6 billion decreased (8)% , (9)% organically*, primarily due to the nonrecurrence of the settlement of a previously canceled Offshore Wind project in the third quarter of 202 4.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Revenues of $2.6 billion increased + 35% , + 32% organically*, driven by volume and price.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Revenues of $4.8 billion increased + 15% , + 14% organically*, led by Gas Power, with increased heavy-duty gas turbine deliveries, project commissioning, higher services volume, and favorable price .
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Revenues of $2.6 billion decreased (8)% , (9)% organically*, due to the nonrecurrence of $0.5 billion on the settlement of a previously canceled Offshore Wind project as well as charges for the impact of blade events, both in the third quarter of 2024
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Revenues of $2.6 billion grew +35% , + 32% organically*, d riven by Grid Solutions, due to HVDC and switchgear growth , as well as Power Conversion and Storage, due to battery energy storage solutions .
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
AI analysis
Q3 2025 · reported Oct 22, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Oct 22, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q3 2025 | Prior qtr | Year ago |
|---|---|---|---|
| GW revenue | $10.0B | — | — |
| Net income | $0.5B | — | — |
| B net income | 4.5% | — | — |
| B free cash flow | $0.7B | — | — |
| Revenue | $4.8 billion | — | — |
Guidance · company-stated
Direction: Reiterated
“2025 Guidance GE Vernova is reaffirming its 2025 financial guidance and expects revenue to trend towards the higher end of $36-$37 billion, adjusted EBITDA margin* of 8%-9%, and free cash flow* of $3.0-$3.5 billion.”
“The guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be trending toward the lower end of approximately $300-$400 million, net of mitigating actions.”
Classified from the release's primary full-year outlook statement.
Cash flow & capex
Capital allocation
Free cash flow* remained positive and was down year-over-year as strong adjusted EBITDA* was offset by lower positive working capital benefits and higher capex investments.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +670.8% computed from stated figures
Company-stated claims
Historical · increased + 178% · backlog_orders
“Power Orders of $21.8 billion increased + 178% organically and revenues of $6.1 billion increased + 25% on a U.”
EX-99 · Oct 28, 2026Event summary
GE Vernova delivered another productive quarter with strong financial results
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Reiterated
Revenue: “2025 Guidance GE Vernova is reaffirming its 2025 financial guidance and expects revenue to trend towards the higher end of $36-$37 billion, adjusted EBITDA margin* of 8%-9%, and free cash flow* of $3.0-$3.5 billion.”
Company outlook: “The guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be trending toward the lower end of approximately $300-$400 million, net of mitigating actions.”
Company outlook — Reiterated (“reaffirming”)
“We re reaffirming our 2025 financial guidance, and we look forward to providing our 2026 financial guidance and updated outlook by 2028 at our investor event on December 9.”
Revenue — Reiterated (“reaffirming”)
“2025 Guidance GE Vernova is reaffirming its 2025 financial guidance and expects revenue to trend towards the higher end of $36-$37 billion, adjusted EBITDA margin* of 8%-9%, and free cash flow* of $3.0-$3.5 billion.”
Company outlook — Lowered (“lower”)
“The guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be trending toward the lower end of approximately $300-$400 million, net of mitigating actions.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Free cash flow* remained positive and was down year-over-year as strong adjusted EBITDA* was offset by lower positive working capital benefits and higher capex investments.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Repurchased ap proximately 1.1 million shares for $0.7 billion, with a total of 6.3 million shares repurchased year-to-date through September 30, 2025 at an average price of $357 .
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Paid a $0.25 per share quarterly dividend on September 25, declared a $0.25 per share fourth quarter dividend, payable on November 17, 2025 to stockholders of record as of October 20, 2025.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Invested $0.2 billion in capital expenditures, including initiatives to expand capacity in Power and Electrification, as part of its commitment to invest $4 billion in capex through 2028.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
As a result of our improving free cash flow linearity, we continued to return cash to shareholders through our share repurchase actions and quarterly dividend payment, while maintaining a healthy cash balance and solid investment grade balance sheet.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Our finance lease liabilities, included in All other current liabilities and L ong-term borrowings in our Consolidated Statement of Financial Position, were $ 271 million and $ 278 million as of September 30, 2026 and December 31, 2025 , respectively.
SEC original ↗GE Vernova — 10-Q Quarterly report10-QOct 28, 2026
Strategy & priorities
We are leading from a position of strength and are focused on long-term growth and returns.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Page 2 Company Updates In the third quarter of 2025, GE Vernova Experienced one fatality in a motor vehicle accident safety remains a top priority .
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Invested $0.2 billion in capital expenditures, including initiatives to expand capacity in Power and Electrification, as part of its commitment to invest $4 billion in capex through 2028.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
We delivered another strong quarter as we executed our financial strategy, with continued orders and revenue growth, significant margin expansion, and positive free cash flow.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
We expanded our backlog year-over-year and sequentially across equipment and services, wi th healthy equipment margin in backlog reflecting favorable price and our focus on disciplined underwriting , said GE Vernova CFO Ken Parks.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Risks & headwinds
The guidance includes the impact of tariffs as currently outlined and resulting inflation, which is estimated to be trending toward the lower end of approximately $300-$400 million, net of mitigating actions.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Segment EBITDA was $(0.1) billion and segment EBITDA margin was (2.3)% , up + 870 basis points , +1,070 basis points organically*, d riven by Onshore Wind equipment profitability, price, and productivity, partially offset by the impact of tariffs, and lower contract losses at Offshore Wind, partially offset by the nonrecurrence of a gain recorded on the prior year settlement of the previously canceled project .
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
2025 Guidance Power and Electrification organic revenue* We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measure of Power and Electrification organic revenue* in the 2025 guidance without unreasonable effort due to the uncertainty of foreign exchange rates.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
2025 Guidance Adjusted EBITDA margin* We cannot provide a reconciliation of the differences between the non-GAAP financial measures expectations and the corresponding GAAP financial measure of Adjusted EBITDA margin* in the 2025 guidance without unreasonable effort due to the uncertainty of foreign exchange rates, the costs and timing associated with potential restructuring actions and the impacts of depreciation and amortization.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Forward-looking statements reflect our current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties, and other factors, which could cause our actual results, performance, or achievements to differ materially from current expectations.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements, and these and other factors are more fully discussed in our Annual Report on Form 10-K for the year ended December 31, 2024, and in the Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 , including in the Risk Factors and Management's Discussion and Analysis of Financial Condition and Results of Operation sections included therein , as may be updated from time to time in our SEC filings and as posted on our website at www.
SEC original ↗GE Vernova — Earnings release (8-K exhibit)EX-99Oct 22, 2025
Earnings deck slides
9 decks with slide viewCompetitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
34 documents- Q3 2026
- 8-KGEV
Oct 28, 2026
- 10-QGEV
Oct 28, 2026
- Q2 2026
- 8-KGEV
Aug 27, 2026
- 10-QGEV
Jul 22, 2026
- 8-KGEV
Jul 22, 2026
- Q1 2026
- 8-KGEV
May 22, 2026
- 10-QGEV
Apr 22, 2026
- 8-KGEV
Apr 22, 2026
- Q4 2025
- 8-KGEV
Feb 4, 2026
- 10-KGEV
Jan 29, 2026
- 10-KGEV
Jan 29, 2026
- 10-KGEV
Jan 29, 2026
- 8-KGEV
Jan 28, 2026
- 8-KGEV
Jan 21, 2026
- Q3 2025
- 10-QGEV
Oct 22, 2025
- 8-KGEV
Oct 22, 2025
- Q2 2025
- 10-QGEV
Jul 23, 2025
- 8-KGEV
Jul 23, 2025
- Q1 2025
- 8-KGEV
May 16, 2025
- 10-QGEV
Apr 23, 2025
- 8-KGEV
Apr 23, 2025
- Q4 2024
- 10-KGEV
Feb 6, 2025
- 8-KGEV
Jan 22, 2025
- Q3 2024
- 10-QGEV
Oct 23, 2024
- 8-KGEV
Oct 23, 2024
- Q2 2024
- 8-KGEV
Sep 10, 2024
- 10-QGEV
Jul 24, 2024
- 8-KGEV
Jul 24, 2024
- Q1 2024
- 8-KGEV
May 17, 2024
- EX-99GEV
May 17, 2024
- 10-QGEV
Apr 30, 2024
- 8-KGEV
Apr 25, 2024
- 8-KGEV
Apr 2, 2024
- Q4 2023
- 8-KGEV
Mar 8, 2024
Earnings releases
13 documents- Q3 2026
- EX-99GEV
Oct 28, 2026
- Q2 2026
- EX-99GEV
Jul 22, 2026
- Q1 2026
- EX-99GEV
Apr 22, 2026
- Q4 2025
- EX-99GEV
Jan 28, 2026
- Q3 2025
- EX-99GEV
Oct 22, 2025
- Q2 2025
- EX-99GEV
Jul 23, 2025
- Q1 2025
- EX-99GEV
Apr 23, 2025
- Q4 2024
- EX-99GEV
Jan 22, 2025
- Q3 2024
- EX-99GEV
Oct 23, 2024
- Q2 2024
- EX-99GEV
Jul 24, 2024
- Q1 2024
- EX-99GEV
Apr 25, 2024
- EX-99GEV
Apr 2, 2024
- Q4 2023
- EX-99GEV
Mar 8, 2024
Presentations
9 documents
Transcripts
0 documentsNo transcripts for GE Vernova are held in this edition of the library.
Mentioned by
12 companiesOther tracked companies whose held documents mention GE Vernova by name or ticker. A mention is counted once per document, from the document text the library holds.
“zik: So I would say, if I go back to the summer… …is with me every day on how I’m running GE Vernova. Sunaina Ocalan: So automation helps you with margin expansion now while still growing your capacity and expanding capacity. Scott Strazik: Yes. Suna”
“…including General Electric on its spin-off of GE Vernova for ~$36 billion; Synopsys on its ~$35 billion acquisition of Ansys; and ConocoPhillips on its $22.5 billion acquisition of Marathon Oil ”
“cant top-line, operating profit, and cash growth; raising 2023 guidance; GE Aerospace and GE Vernova to launch beginning of the second quarter of 2024 Third quarter 2023: … …restructuring & other 149 103 438 176 Less: separation costs 227 171 658”
“…its equipment backlog to $41 billion, inclusive of Prolec GE. In July, GE Vernova closed its acquisition of Robotech Automation, accelerating its robotics and automation capabilities. © 2026 GE Vernova… …is posted. Investors pos t”
“ was added to Power Transmission in 1Q’26 following the closure of the acquisition © 2026 GE Vernova and/or its affiliates. All rights reserved. 5 Financial Snapshot $ in… …2026 GE Vernova and/or its affiliates. All rights reserved. 33 Strong 1”
Union Pacific Corporation (UNP)
“…GOODWILL, AND OTHER INTANGIBLE ASSETS Acquisitions. On February 2, 2026, GE Vernova completed the acquisition of the remaining 50% stake of Prolec GE, our former unconsolidated joint venture with Xignux, in… …experience pressure rela”
“ …Vernova $ 484 $ 197 F $ 1,552 $ (438) F Earnings (loss) per share attributable to GE Vernova Basic $ 1.75 $ 0.72 F $ 5.65 $ (1.60) F Diluted $ 1.73 $ 0.72 F $ 5.58 $ (1.60) F Weighted-average … …generation. We saw strength in Power an”
“e orders, including repowering, while continuing to implement… …adjustments. As a result, GE Vernova recognized a pre-tax gain of $0.9 billion. • Invested $0.2 billion in capital expenditures to prepare for outages and increase capacity in Power and ”
“4 • Reaffirming GE Vernova 2024 financial guidance CAMBRIDGE, Mass., (October 23, 2024) – GE Vernova Inc. (NYSE: GEV), a unique industry leader enabling… …double-digit orders and continued revenue growth with services strength across all segments, si”
“and other securities laws that are subject to risks and uncertainties. These statements… …GE Vernova reports first quarter 2025 financial results Strong 1Q'25 results with continued growth, margin expansion and significant cash generation First Quart”
Neurocrine Biosciences Inc. (NBIX)
“ the first half of 2026. • Completed the acquisition of Alteia SAS, further strengthening GE Vernova’s AI capabilities and GridOS platform. • Monetize d… … quarter 2025 financial results and reaffirms guidance S trong 3Q'25 results with robust orders”
“ar • $10.2 B cash balance; $1.4B in capital returned… …*Non-GAAP Financial Measure Page 1 GE Vernova reports first quarter 2026 financial results and raises 2026 guidance Strong performance with significant orders and backlog growth, margin expansion”
See also the earnings calendar for every tracked company’s next earnings date.