GE Vernova Inc. (GEV) Form 10-Q — Oct 28, 2026
GE Vernova reported Q3 2026 revenue of $12.6 billion, up 27% year over year, with net income of $1.3 billion and diluted EPS of $4.81 versus $1.64 a year earlier. Adjusted EBITDA rose $1.1 billion to $1.9 billion with a 15.4% margin. Backlog (RPO) surged 45% year over year to $196.7 billion, driven by Gas Power demand, Nuclear Power services, and switchgear/transformer demand plus the $5.0 billion Prolec GE contribution at Electrification. Nine-month free cash flow reached $15.3 billion versus $1.9 billion last year, boosted by $19.5 billion of customer down payments and slot reservation inflows.
Key figures
- Eps
- 4.81
- Revenue
- 12642000000
- Net Income
- 1289000000
- Total Debt
- 2600000000
- Revenue Yoy
- 27%
- Total Assets
- 86220000000
- Cash Position
- 16764000000
- Shares Outstanding
- 264677066
- Rpo total
- $196.7 billion (up 45% YoY)
- Buyback 9m
- $5.3 billion
- Q3 2025 revenue
- $9,969 million
- Free cash flow 9m
- $15.3 billion vs $1.9 billion prior year
- Adjusted ebitda q3
- $1.9 billion
- Trench acquisition
- ~EUR 8.0 billion
- Q3 2025 diluted eps
- $1.64
- Effective tax rate q3
- 27.7%
- Prolec ge pretax gain
- $3.992 billion
- Wind segment ebitda 9m
- $(585) million
- Prolec ge cash consideration
- $5.254 billion
- Buyback authorization increase
- $20 billion (announced October 28, 2026)
AI analysis
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