GE Vernova Inc. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: GEV delivered a standout Q1 2026 with revenue up 16.3% YoY to $9.34B and net income surging 1,768% to $4.75B, driven by exceptional operating cash flow of $5.19B, though liquidity remains tight with a current ratio below 1.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue grew 16.3% YoY to $9.34B in Q1 2026 from $8.03B in Q1 2025, reflecting strong demand across GEV's business segments. Gross profit expanded 21.2% to $1.78B, outpacing revenue growth and indicating improving pricing power or mix shift.
Operating income surged 316.3% YoY to $179M from $43M, demonstrating significant operating leverage as revenue growth outpaced SG&A growth of 9.3% ($1.30B) and R&D growth of 27.2% ($304M). Operating margin expanded 140 basis points to 1.92%.
Net income of $4.75B vastly exceeded operating income of $179M, implying approximately $4.57B in non-operating gains (such as asset sales, divestitures, or investment gains) boosted the bottom line. Net margin reached 50.8%, which is atypical for an industrial company and likely non-recurring.
Revenue
$9.34B
++16.27% YoY
EPS (Basic)
$17.65
++1818.48% YoY
Gross Margin
19.1%
++0.77% YoY
Operating Income
$179M
++316.28% YoY
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