GE Vernova Quarterly Income Statement
NYSE: GEVTechnologyConsumer Electronics/AppliancesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
GE Vernova revenue and earnings
In the quarter ended Jun 30, 2026, GE Vernova generated $11.10 billion in revenue, up 21.9% from the same quarter a year earlier. Net income was $668.0 million (+30.0% year over year), for a net margin of 6.0% versus a median of 5.6% in the prior 5 quarters. Gross margin was 21.3% (up from 20.3%) and operating margin 5.9%.
Diluted earnings per share came in at $2.47, up from $1.86.
Summary generated from market data by MetaCap's automated system. Methodology
GE Vernova income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.10B | 9.34B | 10.96B | 9.97B | 9.11B | 8.03B | 10.56B | 8.91B | 8.20B | 7.26B | 10.04B | 8.25B |
| Revenue growth (YoY) | +21.87% | +16.27% | +3.76% | +11.85% | +11.06% | +10.63% | +5.12% | +8.00% | +1.05% | +6.42% | — | — |
| Cost of Revenue | 8.74B | 7.56B | 8.63B | 8.07B | 7.27B | 6.56B | 8.44B | 7.80B | 6.50B | 6.11B | 8.34B | 7.20B |
| Gross Profit | 2.36B | 1.78B | 2.32B | 1.90B | 1.85B | 1.47B | 2.12B | 1.11B | 1.70B | 1.15B | 1.70B | 1.05B |
| Operating Expenses | 1.71B | 1.60B | 1.72B | 1.53B | 1.47B | 1.43B | 1.53B | 1.47B | 1.18B | 1.44B | 1.51B | 1.36B |
| Research & Development | 334.00M | 304.00M | 365.00M | 310.00M | 282.00M | 239.00M | 265.00M | 243.00M | 237.00M | 237.00M | 255.00M | 223.00M |
| Selling, General & Admin | 1.37B | 1.30B | 1.35B | 1.22B | 1.19B | 1.19B | 1.27B | 1.23B | 938.00M | 1.20B | 1.25B | 1.14B |
| Operating Income | 653.00M | 179.00M | 601.00M | 366.00M | 378.00M | 43.00M | 593.00M | -359.00M | 527.00M | -289.00M | 195.00M | -307.00M |
| Other Income (Expense) | 80.00M | 4.76B | 340.00M | 221.00M | 115.00M | 119.00M | 347.00M | 71.00M | 881.00M | 73.00M | 17.00M | 179.00M |
| Pretax Income | 925.00M | 5.10B | 1.10B | 746.00M | 645.00M | 332.00M | 1.11B | -122.00M | 1.60B | -96.00M | 328.00M | -16.00M |
| Income Tax | 276.00M | 354.00M | -2.56B | 293.00M | 153.00M | 68.00M | 629.00M | -23.00M | 322.00M | 10.00M | 122.00M | 169.00M |
| Net Income | 668.00M | 4.75B | 3.66B | 452.00M | 514.00M | 254.00M | 484.00M | -96.00M | 1.29B | -130.00M | 197.00M | -170.00M |
| Net Income growth (YoY) | +29.96% | +1768.11% | +657.02% | — | -60.28% | — | +145.69% | — | — | — | — | — |
| EPS (Basic) | 2.49 | 17.65 | 13.45 | 1.66 | 1.89 | 0.92 | 1.75 | -0.35 | 4.72 | -0.47 | — | -0.62 |
| EPS (Diluted) | 2.47 | 17.44 | 13.28 | 1.64 | 1.86 | 0.91 | 1.75 | -0.35 | 4.65 | -0.47 | — | -0.62 |
| Shares Outstanding (Basic) | 268.00M | 269.00M | — | 272.00M | 272.00M | 275.00M | — | 275.00M | 274.00M | 274.00M | — | 274.00M |
| Shares Outstanding (Diluted) | 270.00M | 272.00M | — | 275.00M | 276.00M | 279.00M | — | 275.00M | 278.00M | 274.00M | — | 274.00M |
| EBITDA | 835.00M | 345.00M | 770.00M | 518.00M | 523.00M | 192.00M | 773.00M | -23.00M | 718.00M | -101.00M | 388.00M | -123.00M |
| Gross Margin | 21.25% | 19.07% | 21.19% | 19.03% | 20.26% | 18.30% | 20.11% | 12.44% | 20.75% | 15.84% | 16.94% | 12.73% |
| Operating Margin | 5.88% | 1.92% | 5.49% | 3.67% | 4.15% | 54.00% | 5.62% | -4.03% | 6.42% | -3.98% | 1.94% | -3.72% |
| Net Margin | 6.02% | 50.81% | 33.44% | 4.53% | 5.64% | 3.16% | 4.58% | -108.00% | 15.77% | -1.79% | 1.96% | -2.06% |
This table shows 12 quarterly periods of GE Vernova's income statement, from Q2 2026 back to Q3 2023, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow GEV's reporting calendar. What is a income statement?