Filing Flows › GE Vernova (GEV) › Q3 2026 › vs Q2 2026
GE Vernova (GEV) Q3 2026 vs Q2 2026 (quarter over quarter)
GE Vernova's revenue rose $1.5B (+14%) from $11.1B in Q2 2026 to $12.6B in Q3 2026. The biggest changes: Equipment +$1.9B (+29%); Services −$343M (-7%). Gross margin 24.6% against 21.3% (+3.3 pts).
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 draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.6% | 21.3% | +3.3 pts |
| Operating margin | 11.0% | 5.9% | +5.1 pts |
| Net margin | 10.2% | 6.0% | +4.2 pts |
| Free cash flow margin | 42.8% | 46.0% | -3.2 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Equipment | $8.3B | $6.5B | $1.9B | +29% |
| Services | $4.3B | $4.6B | −$343M | -7% |
| Revenue | $12.6B | $11.1B | $1.5B | +14% |
| Gross profit | $3.1B | $2.4B | $747M | +32% |
| Cost of revenue | $9.5B | $8.7B | $791M | +9% |
| Other income, net | $388M | $272M | $116M | +43% |
| Operating profit | $1.4B | $653M | $741M | +113% |
| Operating expenses | $1.7B | $1.7B | $6.0M | +0.4% |
| Pre-tax earnings | $1.8B | $925M | $857M | +93% |
| Research & development | $358M | $334M | $24.0M | +7% |
| SG&A | $1.4B | $1.4B | −$18.0M | -1% |
| Loss borne by minority interests | $2.0M | $19.0M | −$17.0M | -89% |
| Net earnings | $1.3B | $668M | $623M | +93% |
| Income tax | $493M | $276M | $217M | +79% |
| Depreciation & amortization | $439M | $418M | $21.0M | +5% |
| Working capital & other | $4.3B | $4.4B | −$79.0M | -2% |
| Operating cash flow | $6.1B | $5.5B | $565M | +10% |
| Free cash flow (OCF − capex) | $5.4B | $5.1B | $304M | +6% |
| Capital expenditures | $647M | $386M | $261M | +68% |
Questions
How much did GE Vernova's revenue grow quarter over quarter in Q3 2026?
GE Vernova's revenue rose $1.5B (+14%) from $11.1B in Q2 2026 to $12.6B in Q3 2026.
What drove GE Vernova's revenue change in Q3 2026?
Equipment +$1.9B (+29%); Services −$343M (-7%).