GE Vernova

GEV · Industrials · Market cap $257B

Q2 FY26 Jun 30, 2026 reported Jul 22, 2026

Revenue$11.1B +22% year over year

Gross profit$2.4B

Operating profit$0.7B

Net profit$0.7B 6% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	11.1	100%	+22%
Power	5.5	50%
Electrification	3.6	32%	+69%
Wind	2	18%	−9%
Cost of revenue	−8.7	78%
Gross profit	2.4	21% margin	+1pp
Research & development	−0.3	3%	+0pp
SG&A	−1.4	12%	−1pp
Operating profit	0.7	6% margin	+2pp
Tax	−0.3
Net profit	0.7	6%	+0pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	9.3	100%	+16%
Gas Power	4.1	44%
Wind	1.4	15%	−23%
Power Transmission	1.4	15%
Nuclear Power	0.8	9%	+279%
Grid Systems Integration	0.7	8%
Power Conversion & Storage	0.5	5%	+25%
Grid Automation & Software	0.4	4%
Hydro Power	0.1	1%	−6%
Cost of revenue	−7.6	82%
Gross profit	1.8	19% margin	+1pp
Research & development	−0.3	3%	+0pp
SG&A	−1.3	14%	−1pp
Operating profit	0.2	2% margin	+1pp
Tax	−0.4
Net profit	4.7	51%	+48pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	11	100%	+4%
Equipment revenues	7.2	65%
Electrification	2.2	20%
Wind	1.9	17%
Other	0.2	2%
Cost of revenue	−8.6	78%
Gross profit	2.3	21% margin	+1pp
Research & development	−0.4	3%	+1pp
SG&A	−1.4	12%	+0pp
Operating profit	0.6	5% margin	+0pp
Net profit	3.7	33%	+29pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 30, 2026	Jul 22, 2026	$11.1B	+22%	6%	$0.7B	6%
Q1 FY26	Jan 1 – Mar 31, 2026	Apr 22, 2026	$9.3B	+16%	2%	$4.7B	51%
Q4 FY25	Oct 1 – Dec 31, 2025	Jan 29, 2026	$11B	+4%	5%	$3.7B	33%