Filing Flows › GE Vernova (GEV) › Q1 2026
GE Vernova (GEV) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 22, 2026
GE Vernova (GEV) reported revenue of $9.3B for the first quarter 2026 (Q1 2026), +16% from a year earlier and -15% from the quarter before. Operating margin was 1.9%, net earnings $4.7B (50.8% of revenue).
GE Vernova, Q1 2026: revenue $9.3B (+16% year over year), operating margin 1.9%, net earnings $4.7B, operating cash flow $5.2B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.3B | -15% | +16% |
| Gross profit | $1.8B | -23% | +21% |
| Operating profit | $179M | -70% | +316% |
| Net earnings | $4.7B | +30% | 19× |
| Operating cash flow | $5.2B | +109% | +347% |
| Free cash flow | $4.8B | +165% | +391% |
What changed
Revenue was $9.3B in Q1 2026, up 16% year over year and down 15% from the previous quarter. Equipment was the largest line at 56% of revenue. Equipment added $1.1B year over year (up 25%), 81% of the total change.
Gross margin was 19.1%, up 0.8 points from Q1 2025. Operating profit was $0.18B, a 1.9% margin (up 1.4 points year over year). Of the extra revenue versus Q1 2025, 10% reached operating profit, above the 1% margin then. Operating expenses grew 12% against revenue growth of 16%. The fastest-growing cost line was Research & development (+27%). Net earnings were $4.7B, up 1768% year over year. The effective tax rate was 6.9%. Non-operating items added $4.9B, 96% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.2B (up 347% year over year), 109% of net earnings. Non-cash charges added back $0.34B of depreciation and amortization. Capital expenditures of $0.40B left free cash flow of $4.8B.
Questions
What was GE Vernova's revenue in the first quarter 2026?
GE Vernova (GEV) reported revenue of $9.3B for the first quarter 2026 (Q1 2026), +16% from a year earlier and -15% from the quarter before.
Was GE Vernova profitable in the first quarter 2026?
Operating profit was $179M (1.9% of revenue) and net earnings $4.7B.
Source: GE Vernova 10-Q on SEC EDGAR.