Filing Flows › GE Vernova (GEV) › Q3 2026
GE Vernova (GEV) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
GE Vernova (GEV) reported revenue of $12.6B for the third quarter 2026 (Q3 2026), +27% from a year earlier and +14% from the quarter before. Operating margin was 11.0%, net earnings $1.3B (10.2% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.6B | +14% | +27% |
| Gross profit | $3.1B | +32% | +64% |
| Operating profit | $1.4B | +113% | +281% |
| Net earnings | $1.3B | +93% | +186% |
| Operating cash flow | $6.1B | +10% | +518% |
| Free cash flow | $5.4B | +6% | +638% |
What changed
Revenue was $12.6B in Q3 2026, up 27% year over year and up 14% from the previous quarter. Equipment was the largest line at 66% of revenue. Equipment added $2.5B year over year (up 42%), 92% of the total change.
Gross margin was 24.6%, up 5.5 points from Q3 2025. Operating profit was $1.4B, a 11.0% margin (up 7.4 points year over year). Of the extra revenue versus Q3 2025, 38% reached operating profit, above the 4% margin then. Operating expenses grew 12% against revenue growth of 27%. The fastest-growing cost line was Research & development (+15%). Net earnings were $1.3B, up 186% year over year. The effective tax rate was 27.7%. Non-operating items added $0.39B, 22% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $6.1B (up 518% year over year), 470% of net earnings. Non-cash charges added back $0.44B of depreciation and amortization. Working capital and other items added $4.3B. Capital expenditures of $0.65B left free cash flow of $5.4B.
Questions
What was GE Vernova's revenue in the third quarter 2026?
GE Vernova (GEV) reported revenue of $12.6B for the third quarter 2026 (Q3 2026), +27% from a year earlier and +14% from the quarter before.
Was GE Vernova profitable in the third quarter 2026?
Operating profit was $1.4B (11.0% of revenue) and net earnings $1.3B.
Source: GE Vernova 10-Q on SEC EDGAR.