GE Vernova Inc. is expected to release its Q3 2026 10-Q filing on October 20, 2026. Last quarter: GE Vernova delivered strong Q2 FY2026 results with revenue up 21.9% to $11.1B and operating income up 72.8% to $653M, driven by the Prolec GE acquisition and robust Electrification and Power segment growth, though net margin was pressured by a higher effective tax rate of 29.8% and Offshore Wind continued to post segment losses.
EPS Estimate
$4.15
Revenue Estimate
$12.09B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the GEV page.
Drawn from management commentary in the Q2 2026 10-Q:
On February 2, 2026, GE Vernova completed the acquisition of the remaining 50% stake of Prolec GE for approximately $5.3 billion, consolidating the transformer manufacturer into the Electrification segment. This drove Electrification segment revenue up 68% to $3.637B for the quarter, and the deal triggered a $4.0 billion pre-tax remeasurement gain recognized in Q1 2026.
Total Remaining Performance Obligations (RPO) reached $176.3 billion as of June 30, 2026, up 37% from $128.7 billion a year earlier, driven by Gas Power (Heavy-Duty Gas Turbine and Aeroderivative equipment) and Electrification demand, partially offset by declines in Wind orders.
The Wind segment posted a negative EBITDA of $(275)M for the quarter (vs $(165)M prior year), with Offshore Wind facing higher project costs; the Vineyard Wind project completed turbine installation in Q1 2026 after a brief U.S. Department of Interior leasing pause was lifted on January 27, 2026, and management is now resolving outstanding claims with the customer.
Revenue
$11.1B
++21.87% YoY
EPS (Basic)
$2.49
++31.75% YoY
Gross Margin
21.3%
++0.99% YoY
Operating Income
$653M
++72.75% YoY
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