GE Vernova Inc. (GEV) income statement
NYSE · Industrials · Industrial - Machinery · 78,000 employees · CEO Scott L. Strazik
- Price
- $857.87 -3.38%
- Market cap
- $227B
- Enterprise value
- $213B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-01-27 EPS est. $6.60
GE Vernova Inc. (GEV) reported revenue of $12.6B for Q3 '26 (+26.8% year on year), operating income of $1.39B (11.0% of revenue) and net income of $1.29B. Over the last four quarters revenue was $44B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10B | $7.26B | $8.2B | $8.91B | $10.6B | $8.04B | $9.11B | $9.97B | $11B | $9.34B | $11.1B | $12.6B | |
| Cost of revenue | $8.36B | $6.11B | $6.5B | $7.8B | $8.44B | $6.52B | $7.27B | $8.07B | $8.64B | $7.56B | $8.74B | $9.54B | |
| Gross profit | $1.69B | $1.15B | $1.7B | $1.11B | $2.12B | $1.52B | $1.85B | $1.9B | $2.32B | $1.78B | $2.36B | $3.11B | |
| Research & development | $255M | $237M | $237M | $243M | $265M | $239M | $282M | $310M | $366M | $304M | $334M | $358M | |
| Other operating expenses | -$1M | -$1M | $0 | -$1M | -$1M | $0 | $1M | $1M | -$2M | $0 | $0 | $1M | |
| Operating expenses | $1.59B | $1.44B | $1.18B | $1.47B | $1.53B | $1.45B | $1.47B | $1.53B | $1.72B | $1.6B | $1.71B | $1.71B | |
| Operating income | $97M | -$289M | $527M | -$359M | $593M | $76M | $378M | $366M | $601M | $179M | $655M | $1.39B | |
| Interest income | -$48M | $6M | $81M | $57M | $104M | $72M | $59M | $135M | $80M | $0 | $28M | $71M | |
| Interest expense | $8M | $14M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$320M | -$207M | -$1.08B | $1M | $1M | -$257M | -$267M | -$380M | -$504M | -$4.92B | -$270M | -$388M | |
| Total non-operating income | $312M | $193M | $1.08B | $237M | $520M | $257M | $267M | $380M | $504M | $4.92B | $270M | $388M | |
| Income before tax | $409M | -$96M | $1.6B | -$122M | $1.11B | $333M | $645M | $746M | $1.11B | $5.1B | $925M | $1.78B | |
| Income tax | $305M | $10M | $322M | -$23M | $629M | $68M | $153M | $293M | -$2.57B | $354M | $276M | $493M | |
| Net income | $95M | -$130M | $1.29B | -$96M | $484M | $254M | $514M | $452M | $3.66B | $4.75B | $668M | $1.29B | |
| EPS (basic) | $0.35 | -$0.48 | $4.72 | -$0.35 | $1.75 | $0.92 | $1.89 | $1.66 | $13.45 | $17.65 | $2.49 | $4.86 | |
| EPS (diluted) | $0.35 | -$0.48 | $4.65 | -$0.35 | $1.73 | $0.91 | $1.86 | $1.64 | $13.28 | $17.44 | $2.47 | $4.81 | |
| Shares (basic, weighted) | 272M | 272M | 274M | 275M | 275M | 275M | 272M | 272M | 272M | 269M | 268M | 266M | |
| Shares (diluted, weighted) | 272M | 272M | 278M | 275M | 278M | 279M | 276M | 275M | 276M | 272M | 270M | 268M | |
| Depreciation & amortization | $252M | $251M | $254M | $398M | $269M | $205M | $205M | $213M | $230M | $342M | $417M | $439M | |
| EBITDA | $669M | $169M | $1.86B | $38M | $861M | $538M | $850M | $959M | $1.34B | $5.45B | $1.34B | $2.22B |
| Income statement | Trend | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Revenue | $33B | $29.7B | $33.2B | $34.9B | $38.1B | |
| Cost of revenue | $28.1B | $26.2B | $28.4B | $28.6B | $30.5B | |
| Gross profit | $4.95B | $3.46B | $4.82B | $6.31B | $7.54B | |
| Research & development | $1.01B | $979M | $896M | $982M | $1.2B | |
| Operating expenses | $5.83B | $6.34B | $5.74B | $5.52B | $6.15B | |
| Operating income | -$884M | -$2.88B | -$923M | $787M | $1.39B | |
| Interest income | $71M | $42M | $63M | $186M | $186M | |
| Interest expense | $172M | $151M | $98M | $0 | $0 | |
| Other non-operating income (gains on investments, FX ...) | -$192M | -$558M | -$891M | -$1.71B | -$1.44B | |
| Total non-operating income | $20M | $407M | $793M | $1.71B | $1.44B | |
| Income before tax | -$864M | -$2.47B | -$130M | $2.5B | $2.83B | |
| Income tax | -$140M | $248M | $344M | $939M | -$2.05B | |
| Net income | -$633M | -$2.74B | -$438M | $1.55B | $4.88B | |
| EPS (basic) | -$2.33 | -$10.06 | -$1.61 | $5.64 | $17.92 | |
| EPS (diluted) | -$2.33 | -$10.06 | -$1.61 | $5.58 | $17.69 | |
| Shares (basic, weighted) | 272M | 272M | 272M | 275M | 272M | |
| Shares (diluted, weighted) | 272M | 272M | 272M | 278M | 276M | |
| Depreciation & amortization | $1.18B | $1.8B | $964M | $1.17B | $853M | |
| EBITDA | $484M | -$526M | $932M | $3.67B | $3.68B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01