GE Vernova

GEV Industrials Market cap $236B as of Oct 29, 2026 16:00 ET S&P 500

Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 28, 2026

Revenue$12.64B +27% year over year

Gross profit$3.11B 25% margin

Operating profit$1.39B 11% margin

Net profit$1.29B 10% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q3 FY26 (period ends Sep 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	12.64	100%	+27%
Power	5.48	43%
Services	4.65	37%
Wind	2.03	16%
Other	0.49	4%
Cost of revenue	−9.54	75%
Gross profit	3.11	25% margin	+6pp
R&D	−0.36	3%	+0pp
SG&A	−1.36	11%	−2pp
Operating profit	1.39	11% margin	+7pp
Other income, net	0.39
Tax	−0.49
Net profit	1.29	10% margin	+6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Segment revenue	11.14	100%
Power	5.48	49%	+29%
Electrification	3.64	33%	+65%
Wind	2.03	18%	−9%
Eliminations	−0.04	−0%
Net revenue	11.10	100%	+22%
Cost of revenue	−8.74	79%
Gross profit	2.36	21% margin	+1pp
R&D	−0.33	3%	+0pp
SG&A	−1.37	12%	−1pp
Operating profit	0.65	6% margin	+2pp
Other income, net	0.29
Tax	−0.28
Net profit	0.67	6% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

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	9.34	100%	+16%
Gas power	4.07	44%
Wind	1.43	15%
Power transmission	1.38	15%
Nuclear power	0.76	8%
Grid systems integration	0.69	7%
Conversion & storage	0.48	5%
Automation & software	0.41	4%
Hydro power	0.15	2%
Cost of revenue	−7.56	81%
Gross profit	1.78	19% margin	+1pp
R&D	−0.30	3%	+0pp
SG&A	−1.30	14%	−1pp
Operating profit	0.18	2% margin	+1pp
Other income, net	4.92
Tax	−0.35
Net profit	4.75	51% margin	+48pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	9.97	100%	+12%
Cost of revenue	−8.07	81%
Gross profit	1.90	19% margin	+7pp
R&D	−0.31	3%	+0pp
SG&A	−1.22	12%	−2pp
Operating profit	0.37	4% margin	+8pp
Other income, net	0.38
Tax	−0.29
Net profit	0.45	5% margin	+6pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY23 (period ends Dec 31, 2023).
Item	Value	Share of revenue	Year over year
Revenue	10.05	100%	+0%
Services revenues power	3.51	35%
Equipment… electrification	3.11	31%
Equipment revenues power	1.96	20%
Wind	0.63	6%
Services… electrification	0.50	5%
Other	0.34	3%
Cost of revenue	−8.34	83%
Gross profit	1.70	17% margin	+0pp
R&D	−0.26	3%	+0pp
SG&A	−1.25	12%	+0pp
Operating profit	0.19	2% margin	+0pp
Other income, net	0.13
Tax	−0.12
Net profit	0.20	2% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q3 FY26 Jul 1 – Sep 30, 2026 reported Oct 28, 2026 Operating margin 11% Net profit $1.29B	Jul 1 – Sep 30, 2026	Oct 28, 2026	$12.64B	+27%	11%	$1.29B	10%
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 22, 2026 Operating margin 6% Net profit $0.67B	Apr 1 – Jun 30, 2026	Jul 22, 2026	$11.10B	+22%	6%	$0.67B	6%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 22, 2026 Operating margin 2% Net profit $4.75B	Jan 1 – Mar 31, 2026	Apr 22, 2026	$9.34B	+16%	2%	$4.75B	51%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 22, 2025 Operating margin 4% Net profit $0.45B	Jul 1 – Sep 30, 2025	Oct 22, 2025	$9.97B	+12%	4%	$0.45B	5%
Q4 FY23 Oct 1 – Dec 31, 2023 Operating margin 2% Net profit $0.20B	Oct 1 – Dec 31, 2023	–	$10.05B	+0%	2%	$0.20B	2%