Quarterly Earnings Performance
| Quarter | Period | Report Date | Revenue | YoY Growth | EPS (non-GAAP) | Guidance (next qtr) | Notes |
|---|---|---|---|---|---|---|---|
| Q1 2025 | Jan–Mar 2025 | 2025-04-23 | $8.0B | +11% | $0.91 | Revenue trend to high end of $36–$37B range | Beat rev. estimates; FCF $1.0B |
| Q2 2025 | Apr–Jun 2025 | 2025-07-23 | $12.4B | +20% | $1.86 | Reaffirmed FY $36–$37B guidance | Beat; strong Grid Solutions HVDC growth |
| Q3 2025 | Jul–Sep 2025 | 2025-10-22 | $10.0B | +12% | $1.64 | FY toward high-end $36–$37B; EBITDA 8–9% | Missed EPS est.; orders +55% organically |
| Q4 2025 | Oct–Dec 2025 | 2026-01-28 | $11.0B | +9% | $13.39 | 2026 rev. $44–$45B; EBITDA margin 11–13% | Q4 EPS included $2.9B tax benefit release |
| FY 2025 | Full Year | — | $38.1B | +9% | — | — | Orders $59.3B; backlog $150B; EBITDA $3.2B |
Note: Q4 GAAP EPS of $13.39 reflects a one-time $2.9B U.S. valuation allowance tax benefit. Adjusted EBITDA for FY 2025 was $3.2B (8.4% margin). Revenue figures reflect GE Vernova's fiscal year aligning with the calendar year.
| Quarter | Period | Report Date | Revenue | YoY Growth | EPS (non-GAAP) | Guidance (next qtr) | Notes |
|---|---|---|---|---|---|---|---|
| Q1 2026 | Jan–Mar 2026 | 2026-04-22 | $9.3B | +16% | $2.06 | 2026 rev. raised to $44.5–$45.5B; FCF $6.5–$7.5B | Orders $18.3B (+71%); guidance raised across all metrics |
| Quarter | Est. Report Date | Est. Revenue | Est. EPS | Source |
|---|---|---|---|---|
| Q2 2026 | 2026-07-22 (est.) | — | — | GE Vernova IR / MarketBeat |
GE Vernova delivered 9% revenue growth in full-year 2025 to $38.1B, driven by its Electrification and Power segments, with orders surging 34% to $59.3B and backlog reaching $150B. Q4 2025 EPS was distorted by a $2.9B tax valuation allowance release, but underlying adjusted EBITDA margin expanded meaningfully to 8.4%. Q1 2026 accelerated with 16% revenue growth and a 71% jump in orders to $18.3B, prompting management to raise 2026 guidance to $44.5–$45.5B revenue with 12%–14% adjusted EBITDA margins. Key catalysts include the Prolec GE acquisition (closed February 2026), grid infrastructure spending driven by AI data center demand, and continued HVDC/transformer order momentum.
Generated: 2026-05-11