GE Vernova Q2 FY26: where the revenue came from and where it went
The whole income statement of GE Vernova for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2026
- Reported
- Jul 22, 2026
Revenue$11.10B
+22% year over year
Gross profit$2.36B
21% margin
Operating profit$0.65B
6% margin
Net profit$0.67B
6% margin
Net profit is larger than what operations earned, because the statement adds $0.29B below it, under Other income, net.
The numbers
| 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 |
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