Filing Flows › GE Vernova (GEV) › How it makes money
How GE Vernova (GEV) makes money
GE Vernova (GEV) made $12.6B of revenue in the third quarter 2026 (Q3 2026), +27% from a year earlier. Equipment brought in $8.3B (66%); Services brought in $4.3B (34%). Of every dollar of revenue, 25¢ was left as gross profit, 11¢ was left as operating profit, 10¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Equipment | $8.3B | 66.0% | +29% | +42% |
| Services | $4.3B | 34.0% | -7% | +5% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $12.6B | 100.0% |
| Cost of revenue | $9.5B | 75.4% |
| Gross profit | $3.1B | 24.6% |
| Operating expenses | $1.7B | 13.6% |
| Operating profit | $1.4B | 11.0% |
| Income tax | $493M | 3.9% |
| Net earnings | $1.3B | 10.2% |
| Operating cash flow | $6.1B | 47.9% |
| Free cash flow | $5.4B | 42.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $12.6B | +27% |
| Q2 2026 | $11.1B | +22% |
| Q1 2026 | $9.3B | +16% |
| Q4 2025 | $11.0B | +4% |
| Q3 2025 | $10.0B | +12% |
| Q2 2025 | $9.1B | +11% |
| Q1 2025 | $8.0B | +11% |
From GE Vernova's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does GE Vernova make money?
GE Vernova (GEV) made $12.6B of revenue in the third quarter 2026 (Q3 2026), +27% from a year earlier. Equipment brought in $8.3B (66%); Services brought in $4.3B (34%). Of every dollar of revenue, 25¢ was left as gross profit, 11¢ was left as operating profit, 10¢ was left as net earnings.
What is GE Vernova's biggest business?
Equipment: $8.3B in the third quarter 2026, 66% of revenue, +42% from a year earlier.
What is GE Vernova's profit margin?
Net earnings were $1.3B, 10.2% of revenue, in the third quarter 2026; the operating margin was 11.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.