Filing Flows › GE Vernova (GEV) › Q2 2026
GE Vernova (GEV) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 22, 2026
GE Vernova (GEV) reported revenue of $11.1B for the second quarter 2026 (Q2 2026), +22% from a year earlier and +19% from the quarter before. Operating margin was 5.9%, net earnings $668M (6.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1B | +19% | +22% |
| Gross profit | $2.4B | +33% | +28% |
| Operating profit | $653M | +265% | +73% |
| Net earnings | $668M | -86% | +30% |
| Operating cash flow | $5.5B | +6% | 15× |
| Free cash flow | $5.1B | +7% | 26× |
What changed
Revenue was $11.1B in Q2 2026, up 22% year over year and up 19% from the previous quarter. Equipment was the largest line at 58% of revenue. Equipment added $1.6B year over year (up 32%), 79% of the total change.
Gross margin was 21.3%, up 1.0 points from Q2 2025. Operating profit was $0.65B, a 5.9% margin (up 1.7 points year over year). Of the extra revenue versus Q2 2025, 14% reached operating profit, above the 4% margin then. Operating expenses grew 16% against revenue growth of 22%. The fastest-growing cost line was Research & development (+18%). Net earnings were $0.67B, up 30% year over year ($0.65B including minority interests, which bore $0.02B of losses). The effective tax rate was 29.8%. Non-operating items added $0.27B, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.5B (up 1396% year over year), 846% of net income including minority interests. Non-cash charges added back $0.42B of depreciation and amortization. Working capital and other items added $4.4B. Capital expenditures of $0.39B left free cash flow of $5.1B.
Questions
What was GE Vernova's revenue in the second quarter 2026?
GE Vernova (GEV) reported revenue of $11.1B for the second quarter 2026 (Q2 2026), +22% from a year earlier and +19% from the quarter before.
Was GE Vernova profitable in the second quarter 2026?
Operating profit was $653M (5.9% of revenue) and net earnings $668M.
Source: GE Vernova 10-Q on SEC EDGAR.