Here are the 10-Q quarterly reports from GE Vernova (GEV) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GEV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GEV filings page.
GE Vernova Inc. reported third-quarter 2026 revenue of $12.642 billion, versus $9.969 billion in 2025, and net income attributable to GE Vernova of $1.291 billion, versus $452 million. Diluted earnings were $4.81 per share, compared with $1.64. For the first nine months, operating cash flow was $16.737 billion, versus $2.508 billion, and remaining performance obligations were $196.721 billion at September 30, 2026.
Nine-month net income was $6.687 billion, including a $3.992 billion pre-tax gain from remeasuring the previously held Prolec GE interest. GE Vernova completed its acquisition from Xignux of the remaining 50% stake on February 2, 2026, for $5.2 billion cash. On October 25, 2026, it agreed with Triton Partners to acquire Trench Group for approximately 8.0 billion Euros. Funding is expected equally from cash and debt, with closing expected in late 2027 subject to customary regulatory approvals.
At Offshore Wind, project costs and execution timelines remain under pressure. Substantially all Vineyard Wind turbines had been commissioned, with the remainder expected in early 2027; GE Vernova also reached commercial resolution with its customer on outstanding claims and counterclaims in the third quarter. Wind segment EBITDA was a loss of $585 million for nine months, versus a $373 million loss in 2025.
GE Vernova reported strong Q2 2026 results with total revenues of $11.1 billion, up 22% year over year, and net income attributable to GE Vernova of $668 million. Diluted EPS was $2.47. First‑half net income reached $5.4 billion, largely driven by sizable one‑time gains.
Operating cash flow for the first half was $10.7 billion and free cash flow $9.9 billion, helped by a $13.7 billion rise in contract liabilities. Remaining performance obligations rose to $176.3 billion, reflecting demand across Power and Electrification and consolidation of Prolec GE after a $5.3 billion purchase of the remaining 50% stake.
GE Vernova issued $2.6 billion of long‑dated senior notes, ending the quarter with $13.1 billion in cash and access to $6.0 billion of committed credit facilities. Wind, particularly Offshore Wind, remained loss‑making amid project cost and execution pressures, while 2026 tariffs are estimated to cost $100–$200 million.
GE Vernova delivered a very strong first quarter of 2026, driven largely by a one-time gain from acquiring full ownership of Prolec GE. Total revenues rose to $9.3 billion, up 16% from $8.0 billion a year earlier, with growth led by the Power and Electrification segments.
Net income attributable to GE Vernova jumped to $4.7 billion from $254 million, and diluted EPS increased to $17.44 from $0.91. Results included a $4.0 billion pre-tax gain from remeasuring the prior Prolec GE stake and a $330 million gain from selling the Proficy software business.
Operationally, segment EBITDA improved to $958 million from $576 million, with notable margin expansion in Power and Electrification. The Wind segment remained loss-making, pressured by lower Onshore deliveries, Offshore project losses, and estimated 2026 tariff costs of roughly $250–$350 million.
Cash flow from operating activities strengthened to $5.2 billion, supporting $4.8 billion of free cash flow and $1.3 billion of share repurchases, while the company issued $2.6 billion of new long-term debt to help fund the Prolec GE acquisition.
GE Vernova reported higher Q3 2025 results. Total revenues reached $9,969 million, up from $8,913 million a year ago, driven by both equipment ($5,880 million) and services ($4,089 million). Operating income improved to $366 million from a loss of $359 million, and net income was $452 million with diluted EPS of $1.64. Gross profit rose to $1,897 million. The company recorded incremental contract losses of $171 million on certain Offshore Wind contracts.
For the first nine months, revenues were $27,112 million versus $24,376 million, with diluted EPS of $4.41. Cash from operating activities was $2,508 million; the company spent $2,241 million on share repurchases and paid $207 million in dividends. Contract liabilities and deferred income increased to $20,151 million, reflecting collections ahead of revenue recognition, and cash and equivalents were $7,945 million. GE Vernova signed binding agreements to sell the Proficy manufacturing software business (expected to close in the first half of 2026) and Linden VFT LLC. Shares outstanding were 271,320,459 as of September 30, 2025.