FINHUB Insights

GEV · Q1 FY26 · Jan 1 – Mar 31, 2026

GE Vernova Q1 FY26: where the revenue came from and where it went

GE Vernova Q1 FY26: revenue $9.3B (+16% year over year). Net profit $4.7B. Largest cohort Gas Power $4.1B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 22, 2026 10-Q
Sankey diagram of GE Vernova's income statement for Q1 FY26: revenue of $9.3 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$9.3B +16% year over year
Gross profit$1.8B 19% margin
Operating profit$0.2B 2% margin
Net profit$4.7B 51% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear 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−7.682%
Gross profit1.819% margin+1pp
Research & development−0.33%+0pp
SG&A−1.314%−1pp
Operating profit0.22% margin+1pp
Tax−0.4
Net profit4.751%+48pp
Filing on EDGAR More quarters of GEV

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters