GE Vernova Inc. (GEV) Q2 FY2026 Financial Statements: Revenue $11.10B, Net income attributable to GE Vernova $668.00M
More for GE Vernova: Company index · 10-K and 10-Q summary · 8-K filings and events
PeriodQ2 FY2026
Published
GE Vernova reported $11.10 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 21.9% from a year earlier, on higher gas power and grid equipment shipments and on the consolidation of the Prolec GE transformer business it bought outright in the first quarter. Net income attributable to GE Vernova was $668 million, up 30.0%, and diluted earnings per share was $2.47; the quarter carried no gain comparable to the first-quarter remeasurement of the company's previously held Prolec GE stake, and the increase traces to operating income of $653 million, up 72.8%. Backlog, the contracted revenue GE Vernova has yet to deliver, stood at $176.28 billion at quarter end, up 37.0%.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $11,104,000,000 | up 21.9% |
| Net income attributable to GE Vernova | $668,000,000 | up 30.0% |
| Diluted EPS | $2.47 | up 32.8% |
| Operating income | $653,000,000 | up 72.8% |
| Backlog (remaining performance obligations) | $176,284,000,000 | up 37.0% |
About this file
| Ticker | GEV |
|---|---|
| CIK | 0001996810 |
| Company | GE Vernova Inc. |
| Business type | industrial |
| Schema template | standard industrial, equipment and services revenue, gross profit, operating income, earnings per share, balance sheet and cash flow; extended with the backlog (remaining performance obligations) and segment measures GE Vernova manages the business on |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual dollars (not millions); per-share amounts in dollars; share counts in shares |
GEV annual income statement, balance sheet and cash flow
| FY2025 | FY2024 | FY2023 | |
|---|---|---|---|
| Fiscal year | 2025 | 2024 | 2023 |
| Label | FY2025 | FY2024 | FY2023 |
| Period start | 2025-01-01 | 2024-01-01 | 2023-01-01 |
| Period end | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 0001996810-26-000015 | 0001996810-26-000015 | 0001996810-26-000015 |
| Presentation basis | consolidated | combined for the period through April 1, 2024, when GE Vernova was still part of General Electric, and consolidated from the April 2, 2024 spin-off onward | combined, carved out of General Electric's consolidated financial statements, using GE's historical cost basis and allocations of indirect costs; GE Vernova was not a stand-alone company in this year and the 10-K states these statements do not purport to show what results would have been had it been one |
| Income statement | |||
| Sales of equipment | 20,934,000,000 | 18,952,000,000 | 18,258,000,000 |
| Sales of services | 17,134,000,000 | 15,983,000,000 | 14,981,000,000 |
| Total revenues | 38,068,000,000 | 34,935,000,000 | 33,239,000,000 |
| Cost of equipment | 18,759,000,000 | 17,989,000,000 | 18,705,000,000 |
| Cost of services | 11,774,000,000 | 10,861,000,000 | 9,716,000,000 |
| Gross profit | 7,535,000,000 | 6,085,000,000 | 4,818,000,000 |
| Selling general and administrative expenses | 4,949,000,000 | 4,632,000,000 | 4,845,000,000 |
| Research and development expenses | 1,197,000,000 | 982,000,000 | 896,000,000 |
| Operating income | 1,388,000,000 | 471,000,000 | -923,000,000 |
| Interest and other financial income charges net | 186,000,000 | 120,000,000 | -98,000,000 |
| Non operating benefit income | 459,000,000 | 536,000,000 | 567,000,000 |
| Other income expense net | 795,000,000 | 1,372,000,000 | 324,000,000 |
| Income before income taxes | 2,828,000,000 | 2,498,000,000 | -130,000,000 |
| Provision benefit for income taxes | -2,051,000,000 | 939,000,000 | 344,000,000 |
| Net income | 4,879,000,000 | 1,559,000,000 | -474,000,000 |
| Net income attributable to common stockholders | 4,884,000,000 | 1,552,000,000 | -438,000,000 |
| Basic EPS | 17.92 | 5.65 | -1.6 |
| Diluted EPS | 17.69 | 5.58 | -1.6 |
| Basic shares | 272,000,000 | 275,000,000 | 274,000,000 |
| Diluted shares | 276,000,000 | 278,000,000 | 274,000,000 |
| Total cost of revenue | 30,533,000,000 | 28,850,000,000 | 28,421,000,000 |
| Balance sheet | |||
| Cash cash equivalents and restricted cash | 8,848,000,000 | 8,205,000,000 | |
| Current receivables net | 9,803,000,000 | 8,177,000,000 | |
| Inventories | 10,429,000,000 | 8,587,000,000 | |
| Current contract assets | 9,294,000,000 | 8,621,000,000 | |
| Total current assets | 40,216,000,000 | 34,153,000,000 | |
| Property plant and equipment net | 6,006,000,000 | 5,150,000,000 | |
| Goodwill | 4,439,000,000 | 4,263,000,000 | |
| Intangible assets net | 727,000,000 | 813,000,000 | |
| Total assets | 63,016,000,000 | 51,485,000,000 | |
| Accounts payable and equipment project payables | 8,809,000,000 | 8,602,000,000 | |
| Contract liabilities and deferred income | 25,774,000,000 | 17,587,000,000 | |
| Total current liabilities | 40,972,000,000 | 31,685,000,000 | |
| Total liabilities | 50,720,000,000 | 40,892,000,000 | |
| Total equity attributable to ge vernova | 11,178,000,000 | 9,546,000,000 | |
| Noncontrolling interests | 1,118,000,000 | 1,047,000,000 | |
| Total equity | 12,296,000,000 | 10,593,000,000 | |
| Short term borrowings | 63,000,000 | 60,000,000 | |
| Long term borrowings | 265,000,000 | 258,000,000 | |
| Common shares outstanding | 269,529,464 | 275,880,314 | |
| Cash flow | |||
| Operating cash flow | 4,987,000,000 | 2,583,000,000 | 1,186,000,000 |
| Capex | -1,277,000,000 | -883,000,000 | -744,000,000 |
| Investing cash flow | -755,000,000 | -37,000,000 | -734,000,000 |
| Dividends paid | -275,000,000 | 0 | 0 |
| Purchases of common stock for treasury | -3,316,000,000 | -43,000,000 | 0 |
| Financing cash flow | -3,813,000,000 | 3,652,000,000 | -408,000,000 |
| Cash and equivalents end of period | 8,848,000,000 | 8,205,000,000 | 1,551,000,000 |
| Free cash flow | 3,710,000,000 | 1,701,000,000 | 442,000,000 |
| Other measures | |||
| Adjusted EBITDA non GAAP | 3,196,000,000 | 2,035,000,000 | 807,000,000 |
| Total segment EBITDA | 3,737,000,000 | 2,358,000,000 | 923,000,000 |
| Remaining performance obligations | 150,238,000,000 | 119,023,000,000 | 115,598,000,000 |
| Segment results | |||
| Power | |||
| Revenues | 19,767,000,000 | 18,127,000,000 | 17,436,000,000 |
| Segment EBITDA | 2,902,000,000 | 2,268,000,000 | 1,722,000,000 |
| Wind | |||
| Revenues | 9,110,000,000 | 9,701,000,000 | 9,826,000,000 |
| Segment EBITDA | -598,000,000 | -588,000,000 | -1,033,000,000 |
| Electrification | |||
| Revenues | 9,642,000,000 | 7,550,000,000 | 6,378,000,000 |
| Segment EBITDA | 1,433,000,000 | 679,000,000 | 234,000,000 |
| Total segment revenues | 38,519,000,000 | 35,377,000,000 | 33,640,000,000 |
| Eliminations and other revenues | -451,000,000 | -442,000,000 | -401,000,000 |
GEV quarterly income statement, balance sheet and cash flow
| Q2 2026 | Q2 2025 | |
|---|---|---|
| Fiscal year | 2026 | 2025 |
| Fiscal quarter | 2 | 2 |
| Label | Q2 2026 | Q2 2025 |
| Period start | 2026-04-01 | 2025-04-01 |
| Period end | 2026-06-30 | 2025-06-30 |
| Period type | three months | three months |
| Source accession | 0001996810-26-000148 | 0001996810-26-000148 |
| Cash flow source accession | 0001996810-26-000147 | 0001996810-26-000147 |
| Presentation basis | consolidated | consolidated |
| Income statement | ||
| Sales of equipment | 6,459,000,000 | 4,894,000,000 |
| Sales of services | 4,645,000,000 | 4,217,000,000 |
| Total revenues | 11,104,000,000 | 9,111,000,000 |
| Cost of equipment | 5,613,000,000 | 4,265,000,000 |
| Cost of services | 3,130,000,000 | 3,000,000,000 |
| Gross profit | 2,360,000,000 | 1,846,000,000 |
| Selling general and administrative expenses | 1,372,000,000 | 1,185,000,000 |
| Research and development expenses | 334,000,000 | 282,000,000 |
| Operating income | 653,000,000 | 378,000,000 |
| Interest and other financial income charges net | 73,000,000 | 42,000,000 |
| Non operating benefit income | 119,000,000 | 110,000,000 |
| Other income expense net | 80,000,000 | 115,000,000 |
| Income before income taxes | 925,000,000 | 645,000,000 |
| Provision benefit for income taxes | 276,000,000 | 153,000,000 |
| Net income | 649,000,000 | 492,000,000 |
| Net income attributable to common stockholders | 668,000,000 | 514,000,000 |
| Basic EPS | 2.49 | 1.89 |
| Diluted EPS | 2.47 | 1.86 |
| Basic shares | 268,000,000 | 272,000,000 |
| Diluted shares | 270,000,000 | 276,000,000 |
| Total cost of revenue | 8,743,000,000 | 7,265,000,000 |
| Balance sheet | ||
| Cash cash equivalents and restricted cash | 13,120,000,000 | |
| Current receivables net | 11,099,000,000 | |
| Inventories | 12,692,000,000 | |
| Current contract assets | 9,522,000,000 | |
| Total current assets | 47,433,000,000 | |
| Property plant and equipment net | 7,354,000,000 | |
| Goodwill | 9,689,000,000 | |
| Intangible assets net | 4,507,000,000 | |
| Total assets | 80,800,000,000 | |
| Accounts payable and equipment project payables | 10,104,000,000 | |
| Contract liabilities and deferred income | 39,944,000,000 | |
| Total current liabilities | 55,830,000,000 | |
| Long term borrowings | 2,794,000,000 | |
| Total liabilities | 67,685,000,000 | |
| Total equity attributable to ge vernova | 11,957,000,000 | |
| Noncontrolling interests | 1,158,000,000 | |
| Total equity | 13,115,000,000 | |
| Common shares outstanding | 266,333,581 | |
| Cash flow | ||
| Operating cash flow | 5,492,000,000 | 367,000,000 |
| Free cash flow | 5,107,000,000 | 194,000,000 |
| Capex | -386,000,000 | |
| Other measures | ||
| Adjusted EBITDA non GAAP | 1,250,000,000 | 770,000,000 |
| Total segment EBITDA | 1,427,000,000 | 934,000,000 |
| Remaining performance obligations | 176,284,000,000 | 128,650,000,000 |
| Segment results | ||
| Power | ||
| Revenues | 5,477,000,000 | 4,785,000,000 |
| Segment EBITDA | 1,031,000,000 | 785,000,000 |
| Electrification | ||
| Revenues | 3,637,000,000 | 2,162,000,000 |
| Segment EBITDA | 671,000,000 | 314,000,000 |
| Wind | ||
| Revenues | 2,026,000,000 | 2,245,000,000 |
| Segment EBITDA | -275,000,000 | -165,000,000 |
| Eliminations and other revenues | -37,000,000 | -80,000,000 |
| Total segment revenues | 11,141,000,000 | 9,191,000,000 |
GEV year-to-date income statement and cash flow
| Six months ended June 30, 2026 | |
|---|---|
| Label | Six months ended June 30, 2026 |
| Period start | 2026-01-01 |
| Period end | 2026-06-30 |
| Period type | six months |
| Source accession | 0001996810-26-000148 |
| Income statement | |
| Sales of equipment | 11,713,000,000 |
| Sales of services | 8,729,000,000 |
| Total revenues | 20,442,000,000 |
| Cost of equipment | 10,328,000,000 |
| Cost of services | 5,974,000,000 |
| Total cost of revenue | 16,302,000,000 |
| Gross profit | 4,140,000,000 |
| Selling general and administrative expenses | 2,670,000,000 |
| Research and development expenses | 638,000,000 |
| Operating income | 833,000,000 |
| Interest and other financial income charges net | 100,000,000 |
| Non operating benefit income | 253,000,000 |
| Other income expense net | 4,842,000,000 |
| Income before income taxes | 6,028,000,000 |
| Provision benefit for income taxes | 630,000,000 |
| Net income | 5,398,000,000 |
| Net income attributable to common stockholders | 5,413,000,000 |
| Basic EPS | 20.17 |
| Diluted EPS | 19.96 |
| Basic shares | 268,000,000 |
| Diluted shares | 271,000,000 |
| Cash flow | |
| Operating cash flow | 10,680,000,000 |
| Capex | -783,000,000 |
| Free cash flow | 9,897,000,000 |
| Investing cash flow | -4,062,000,000 |
| Financing cash flow | -2,301,000,000 |
| Net cash paid for principal businesses purchased | -4,885,000,000 |
| Newly issued debt | 2,567,000,000 |
| Dividends paid | -273,000,000 |
| Purchases of common stock for treasury | -3,671,000,000 |
| Cash and equivalents end of period | 13,120,000,000 |
| Other measures | |
| Adjusted EBITDA non GAAP | 2,146,000,000 |
| Total segment EBITDA | 2,384,000,000 |
| Prior year comparative | |
| Label | Six months ended June 30, 2025 |
| Period start | 2025-01-01 |
| Period end | 2025-06-30 |
| Period type | six months |
| Source accession | 0001996810-26-000148 |
| Income statement | |
| Sales of equipment | 9,091,000,000 |
| Sales of services | 8,052,000,000 |
| Total revenues | 17,143,000,000 |
| Cost of equipment | 8,181,000,000 |
| Cost of services | 5,647,000,000 |
| Total cost of revenue | 13,828,000,000 |
| Gross profit | 3,316,000,000 |
| Selling general and administrative expenses | 2,373,000,000 |
| Research and development expenses | 521,000,000 |
| Operating income | 421,000,000 |
| Interest and other financial income charges net | 97,000,000 |
| Non operating benefit income | 225,000,000 |
| Other income expense net | 234,000,000 |
| Income before income taxes | 977,000,000 |
| Provision benefit for income taxes | 221,000,000 |
| Net income | 756,000,000 |
| Net income attributable to common stockholders | 768,000,000 |
| Basic EPS | 2.8 |
| Diluted EPS | 2.77 |
| Basic shares | 274,000,000 |
| Diluted shares | 278,000,000 |
| Cash flow | |
| Operating cash flow | 1,528,000,000 |
| Capex | -359,000,000 |
| Free cash flow | 1,169,000,000 |
| Investing cash flow | -214,000,000 |
| Financing cash flow | -1,861,000,000 |
| Net cash paid for principal businesses purchased | -45,000,000 |
| Newly issued debt | 0 |
| Dividends paid | -139,000,000 |
| Purchases of common stock for treasury | -1,581,000,000 |
| Cash and equivalents end of period | 7,892,000,000 |
| Other measures | |
| Adjusted EBITDA non GAAP | 1,227,000,000 |
| Total segment EBITDA | 1,510,000,000 |
GEV trailing twelve month income statement and cash flow
| Twelve months ended June 30, 2026 | |
|---|---|
| Label | Twelve months ended June 30, 2026 |
| Period start | 2025-07-01 |
| Period end | 2026-06-30 |
| Period type | trailing twelve months |
| Source accession | 0001996810-26-000148 |
| Income statement | |
| Sales of equipment | 23,556,000,000 |
| Sales of services | 17,811,000,000 |
| Total revenues | 41,367,000,000 |
| Cost of equipment | 20,906,000,000 |
| Cost of services | 12,101,000,000 |
| Total cost of revenue | 33,007,000,000 |
| Selling general and administrative expenses | 5,246,000,000 |
| Research and development expenses | 1,314,000,000 |
| Operating income | 1,800,000,000 |
| Net income | 9,521,000,000 |
| Net income attributable to common stockholders | 9,529,000,000 |
| Gross profit | 8,360,000,000 |
| Cash flow | |
| Operating cash flow | 14,139,000,000 |
| Capex | -1,701,000,000 |
| Free cash flow | 12,438,000,000 |
| Investing cash flow | -4,603,000,000 |
| Financing cash flow | -4,253,000,000 |
| Dividends paid | -409,000,000 |
| Purchases of common stock for treasury | -5,406,000,000 |
| Derived from accessions | 0001996810-26-000015; 0001996810-26-000148 |
Adjustments
| Value | |
|---|---|
| Splits applied | none |
| ADR ratio | n/a |
| FX | none, GE Vernova reports in U.S. dollars |
Notes
- Every figure comes from one of three filings: GE Vernova's fiscal 2025 Form 10-K (accession 0001996810-26-000015), its Form 10-Q for the quarter ended June 30, 2026 (accession 0001996810-26-000148), and the second-quarter 2026 earnings release furnished as Exhibit 99.1 to the Form 8-K of July 22, 2026 (accession 0001996810-26-000147). Each period names the filing it came from.
- GE Vernova separated from General Electric on April 2, 2024. Fiscal 2023, and fiscal 2024 through April 1, 2024, are presented on a combined basis carved out of GE's consolidated financial statements, GE's historical cost basis for assets and liabilities, GE Vernova's direct costs, and allocations of GE's indirect costs. The 10-K states plainly that those combined statements do not purport to reflect what results of operations, financial position or cash flows would have been had the company operated as a separate, stand-alone entity. Earnings per share for all periods through April 1, 2024 is computed on the 274 million shares issued at the spin-off. Fiscal 2023 is therefore a carve-out year rather than a stand-alone one, and fiscal 2024 is part carve-out, part stand-alone.
- The 10-K's balance sheet presents December 31, 2025 and December 31, 2024 only, so fiscal 2023 carries an income statement and a cash flow statement and no balance sheet. That year's figures are not missing from the record; the filing does not print them.
- The income statement splits revenue and cost between equipment and services and prints no combined cost line, so total_cost_of_revenue is the sum of cost of equipment and cost of services. Gross profit is the figure the statement prints.
- The 10-Q's cash flow statement covers the six months ended June 30, 2026 and the six months ended June 30, 2025 only. The three-month cash flow figures for both June quarters are therefore taken from the second-quarter 2026 earnings release, which prints them for the quarter as well as the half; each quarter records that release's accession alongside the 10-Q as the source of its cash flow figures.
- Free cash flow is GE Vernova's own measure and is not defined by U.S. GAAP: cash from operating activities less gross additions to property, plant, and equipment and internal-use software. Fiscal 2025 ($3,710 million) and fiscal 2024 ($1,701 million) are the amounts the 10-K reconciles; fiscal 2023 is not reconciled in that filing and is computed the same way from the cash flow statement ($1,186 million of operating cash flow less $744 million of additions = $442 million).
- For the three months ended June 30, 2025 the earnings release reports operating cash flow of $367 million, gross capital additions of $172 million and free cash flow of $194 million. The company strikes free cash flow on unrounded amounts, so it sits $1 million below the subtraction of the rounded figures; that quarter accordingly carries operating cash flow and free cash flow as printed, and its capital additions are stated here rather than as a separate line.
- The twelve months ended June 30, 2026 is a derived view, not a reported period: fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025, line by line. Its gross profit is stated as revenue less the summed cost lines. Earnings per share and share counts are deliberately left out of it, because a weighted-average share count cannot be added across periods.
- Six-month net income of $5,398 million is far above the second quarter's $649 million because the first quarter carried two large gains, both in other income (expense): a $3,992 million pre-tax gain on remeasuring GE Vernova's previously held 50% interest in Prolec GE to fair value when it bought the remaining half on February 2, 2026, and a $330 million pre-tax gain on the sale of the Proficy business. The Prolec purchase also accounts for the $4,885 million of cash paid for businesses in the six-month investing line and for the increases in goodwill and intangible assets between December 31, 2025 and June 30, 2026.
- Fiscal 2025's net income of $4,879 million exceeds pre-tax income of $2,828 million because the year carries a net income tax benefit of $2,051 million, driven by a roughly $2.9 billion benefit from releasing a U.S. tax valuation allowance in the fourth quarter. Fiscal 2025 earnings are not comparable with fiscal 2024 or with the current run-rate on that account.
- GE Vernova carried almost no debt until February 4, 2026, when it issued $2,600 million of senior notes maturing in 2031, 2036 and 2056. Long-term borrowings were $2,794 million at June 30, 2026 against $265 million at December 31, 2025; including current maturities, total long-term borrowings were $2,849 million and $289 million respectively. Short-term borrowings, which sit inside all other current liabilities, were $63 million at December 31, 2025 and $60 million at December 31, 2024. Cash, cash equivalents and restricted cash were $13,120 million at June 30, 2026, so the company remains in a large net cash position.
- The 10-Q breaks long-term borrowings of $265 million out as a separate line in its December 31, 2025 column, where the 10-K's balance sheet reports the same amount within all other liabilities. Total liabilities agree at $50,720 million; only the presentation differs.
- Remaining performance obligations are GE Vernova's measure of backlog, contracted revenue on unsatisfied or partially unsatisfied obligations, excluding orders a customer can cancel without penalty. They stood at $176,284 million at June 30, 2026, against $150,238 million at December 31, 2025 and $128,650 million a year earlier.
- Effective January 1, 2026 GE Vernova realigned business units within all three segments, Steam Power was distributed into Nuclear, Hydro and Gas Power, Grid Solutions was split into three units, and LM Wind Power was folded into Onshore Wind. The quarterly segment figures here, including the June 2025 quarter, are on that new structure as the 10-Q restates them; the annual segment figures are on the structure in effect for fiscal 2025. Segment revenues in both cases include sales between segments, which is why they sum above consolidated revenue; the difference is carried as eliminations and other.
- Segment EBITDA and adjusted EBITDA are the performance measures GE Vernova's chief operating decision maker uses. Adjusted EBITDA is not a U.S. GAAP measure; the filings reconcile it to net income by adding back restructuring and other charges, gains and losses on purchases and sales of business interests, separation costs, depreciation and amortization, interest and taxes, and removing non-operating benefit income.
- The income statement's 'Net income (loss) attributable to GE Vernova', the numerator of earnings per share, that is, net income after the share belonging to noncontrolling interests, is carried here as net_income_attributable_to_common_stockholders. The plain net_income line is the consolidated total including noncontrolling interests. GE Vernova has a single class of common stock and no preferred stock.
- Cash figures are cash, cash equivalents and restricted cash, exactly as the statements present them; the filings do not split restricted cash out on the face of the balance sheet.
- No adjustments were needed. GE Vernova reports in U.S. dollars, so no currency translation applies; it has had no stock splits since it began trading in 2024, so per-share figures across these periods are directly comparable; and it files as a domestic issuer with ordinary common stock rather than depositary receipts, so no ratio adjustment applies.
Uncertainties
- Short-term borrowings are not disclosed separately at June 30, 2026, the 10-Q's note on other current liabilities describes their contents without quantifying them, so total debt at that date cannot be stated exactly from the filing. Long-term borrowings including current maturities were $2,849 million, and the short-term piece was $63 million seven months earlier, so the shortfall in the total is small, but it is a genuine gap.
- The filings warn that columns and rows may not add because the printed figures are rounded to millions, and this shows up in a few places: the six months ended June 30, 2025 print gross profit of $3,316 million where the printed revenue and cost lines subtract to $3,315 million, and the second-quarter figures behave the same way by a million. Derived figures here, the summed cost of revenue, the twelve-month view, fiscal 2023 free cash flow, can therefore sit a million dollars away from a figure struck on unrounded amounts.
- Weighted-average share counts are printed in whole millions, so dividing net income attributable to common stockholders by them reproduces the printed earnings per share only to about a cent. The printed per-share figures are the authoritative ones and are what this record carries.
- Segment figures are not comparable across the January 1, 2026 realignment: the annual segment revenues and segment EBITDA in this record are on the pre-2026 business-unit structure, while the quarterly ones are on the new structure. Consolidated totals are unaffected.
- Fiscal 2023, and fiscal 2024 up to April 1, 2024, rest on allocations of General Electric's costs rather than on costs GE Vernova actually bore as a stand-alone company. Comparisons of margin or cash generation between those years and fiscal 2025 or 2026 carry that caveat, which the 10-K itself states.
Company details
| Value | |
|---|---|
| Name | GE Vernova Inc. |
| Ticker | GEV |
| CIK | 0001996810 |
| Exchange | NYSE |
| State | Massachusetts |
| Incorporation | Delaware |
| SIC | 3600 |
| Office | Manufacturing |
| Industry | Electronic & Other Electrical Equipment (No Computer Equip) |
Fiscal period
| FY2026 | |
|---|---|
| Fiscal year | 2026 |
| Fiscal period | Q2 |
| Tag | FY26Q2 |
| Period end | 2026-06-30 |
| Form | 10-Q |
| Accession | 0001996810-26-000148 |
| Fiscal year end | 1231 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Url | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| annual | no | 10-K | 2025 | FY | FY25 | 2025-12-31 | 2026-01-29 | 0001996810-26-000015 | https://www.sec.gov/Archives/edgar/data/1996810/000199681026000015/0001996810-26-000015-index.htm | reported |
| quarterly | yes | 10-Q | 2026 | Q2 | FY26Q2 | 2026-06-30 | 2026-07-22 | 0001996810-26-000148 | https://www.sec.gov/Archives/edgar/data/1996810/000199681026000148/0001996810-26-000148-index.htm | facts |
FAQ · GE Vernova financial statements
How much revenue did GE Vernova report in Q2 FY2026?
GE Vernova reported $11.10 billion in revenue for Q2 FY2026, the quarter ended June 30, 2026, up 21.9% from $9.11 billion in the same quarter a year earlier. Part of that reported growth is the Prolec GE transformer business, consolidated since GE Vernova bought the half of the joint venture it did not already own.
What was GE Vernova's earnings per share in Q2 FY2026?
GE Vernova posted diluted earnings per share of $2.47 for Q2 FY2026, against $1.86 a year earlier, on net income attributable to GE Vernova of $668 million. Neither figure includes the one-time Prolec GE remeasurement gain that GE Vernova recorded in the first quarter and that inflates its year-to-date earnings.
How big is GE Vernova's backlog?
GE Vernova's remaining performance obligations, its measure of backlog, stood at $176.28 billion at the end of Q2 FY2026, up 37.0% from $128.65 billion a year earlier. Backlog is contracted revenue on equipment and long-term service work GE Vernova has not yet delivered, and it excludes orders a customer can cancel without penalty.
Why did GE Vernova's profit rise in Q2 FY2026?
GE Vernova's earnings rose on operations rather than on a one-time item: operating income was $653 million for Q2 FY2026, up 72.8% from a year earlier, on volume and pricing in the Power and Electrification segments against a widening loss in Wind. Net income attributable to GE Vernova was $668 million, up 30.0%, after a higher tax charge.
Where can I get GE Vernova Inc. (GEV) financial data in machine-readable form?
Ticker Scout publishes GE Vernova Inc.'s financial statements as JSON at https://tickerscout.ai/gev/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/gev/narrative.md and https://tickerscout.ai/gev/events.md. GE Vernova Inc.'s SEC CIK is 0001996810. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does GE Vernova Inc. (GEV) next file with the SEC?
GE Vernova Inc. (GEV) is expected to file its next Form 10-Q with the SEC on or around October 21, 2026. That date is a projection rather than a company-announced date: it is derived from GE Vernova Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001996810-26-000148.
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How this page was built
This page was built from three of GE Vernova Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names five such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
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Built from GE Vernova Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.