Filing Flows › GE Vernova (GEV) › Guidance history
GE Vernova (GEV) guidance history: what it guided and what it reported
GE Vernova gave guidance in 10 earnings releases on file since Apr 25, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Revenue: 1 of 1, on average +1.3% against the guided midpoint. Its releases raised guidance 6 times and lowered it 0 times.
Revenue
Met or beat 1 of 1 periods (0 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2028 | $56.0B (Jan 28, 2026) | — | to be reported | — |
| FY2026 | $44.0B–$45.0B (Jan 28, 2026) → raised $44.5B–$45.5B (Apr 22, 2026) → raised $45.5B–$46.5B (Jul 22, 2026) → raised $46.5B–$47.5B (Oct 28, 2026) | — | to be reported | — |
| FY2024 | $34.0B–$35.0B (Apr 25, 2024) → reaffirmed $34.0B–$35.0B (Jul 24, 2024) → reaffirmed $34.0B–$35.0B (Oct 23, 2024) | $34.9B | within the range | +1.3% |
Adjusted revenue
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2025 | $36.0B–$37.0B (Jan 22, 2025) → reaffirmed $36.0B–$37.0B (Apr 23, 2025) | — | — | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2028 | $4.5B–$5.0B (Jan 28, 2026) | — | to be reported | — |
| FY2026 | $5.0B–$5.5B (Jan 28, 2026) → raised $11.5B–$12.5B (Jul 22, 2026) → raised $16.0B–$17.0B (Oct 28, 2026) | — | to be reported | — |
| FY2025 | $2.0B–$2.5B (Apr 23, 2025) | $3.7B (GAAP) | not judged | — |
| FY2024 | $700M–$1.1B (Apr 25, 2024) | $1.7B (GAAP) | not judged | — |
Capital expenditures
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2028 | $600M (Apr 23, 2025) | — | to be reported | — |
EBITDA margin
Every guided period is still to be reported.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2028 | 22.0% (Jan 28, 2026) | — | to be reported | — |
Adjusted EBITDA margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 12.0%–14.0% (Apr 22, 2026) → reaffirmed 12.0%–14.0% (Jul 22, 2026) → raised 13.5%–14.5% (Oct 28, 2026) | — | to be reported | — |
| FY2025 | 8.0%–9.0% (Oct 22, 2025) | — | — | — |
| FY2024 | 5.0%–7.0% (Jul 24, 2024) → reaffirmed 5.0%–7.0% (Oct 23, 2024) | — | — | — |
The latest quarter
GE Vernova, Q3 2026: revenue $12.6B (+27% year over year), operating margin 11.0%, net earnings $1.3B, operating cash flow $6.1B. The chart follows the revenue to costs, profit and cash.
Questions
Does GE Vernova beat its guidance?
GE Vernova gave guidance in 10 earnings releases on file since Apr 25, 2024. Of 1 guided period since reported, it met or beat its own guidance once (100%). Revenue: 1 of 1, on average +1.3% against the guided midpoint.
How often does GE Vernova raise guidance?
Its earnings releases raised guidance 6 times and lowered it 0 times since Apr 25, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.