Filing Flows › GE Vernova (GEV) › Q2 2026 › vs Q1 2026
GE Vernova (GEV) Q2 2026 vs Q1 2026 (quarter over quarter)
GE Vernova's revenue rose $1.8B (+19%) from $9.3B in Q1 2026 to $11.1B in Q2 2026. The biggest changes: Equipment +$1.2B (+23%); Services +$561M (+14%). Gross margin 21.3% against 19.1% (+2.2 pts).
GE Vernova, Q2 2026: revenue $11.1B (+22% year over year), operating margin 5.9%, net earnings $668M, operating cash flow $5.5B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 21.3% | 19.1% | +2.2 pts |
| Operating margin | 5.9% | 1.9% | +4.0 pts |
| Net margin | 6.0% | 50.8% | -44.8 pts |
| Free cash flow margin | 46.0% | 51.3% | -5.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Equipment | $6.5B | $5.3B | $1.2B | +23% |
| Services | $4.6B | $4.1B | $561M | +14% |
| Revenue | $11.1B | $9.3B | $1.8B | +19% |
| Gross profit | $2.4B | $1.8B | $579M | +33% |
| Cost of revenue | $8.7B | $7.6B | $1.2B | +16% |
| Other income, net | $272M | $4.9B | −$4.7B | -94% |
| Operating profit | $653M | $179M | $474M | +265% |
| Operating expenses | $1.7B | $1.6B | $105M | +7% |
| Pre-tax earnings | $925M | $5.1B | −$4.2B | -82% |
| Research & development | $334M | $304M | $30.0M | +10% |
| SG&A | $1.4B | $1.3B | $74.0M | +6% |
| Loss borne by minority interests | $19.0M | −$5.0M | $24.0M | — |
| Net earnings | $668M | $4.7B | −$4.1B | -86% |
| Income tax | $276M | $354M | −$78.0M | -22% |
| Depreciation & amortization | $418M | $342M | $76.0M | +22% |
| Working capital & other | $4.4B | $101M | $4.3B | 44× |
| Operating cash flow | $5.5B | $5.2B | $304M | +6% |
| Free cash flow (OCF − capex) | $5.1B | $4.8B | $315M | +7% |
| Capital expenditures | $386M | $397M | −$11.0M | -3% |
Questions
How much did GE Vernova's revenue grow quarter over quarter in Q2 2026?
GE Vernova's revenue rose $1.8B (+19%) from $9.3B in Q1 2026 to $11.1B in Q2 2026.
What drove GE Vernova's revenue change in Q2 2026?
Equipment +$1.2B (+23%); Services +$561M (+14%).