GE Vernova earnings date and guidance
GE Vernova's next results are expected on October 28, 2026. Watch GE Vernova's promised 5-GW quarterly turbine-production rate.
What has GE Vernova guided for the year?
GE Vernova’s weighted forecast reaches $1,585.16 in October 2027 if it converts demand into profitable deliveries and cash while reducing Wind losses. Management guides 2026 revenue to $45,500–$46,500 million. It guides adjusted EBITDA margin to 12.0%–14.0%. Free cash flow guidance is $11,500–$12,500 million.
Power organic revenue growth is targeted at 18.0%–20.0%. Electrification revenue is guided to $14,500–$15,000 million. Wind segment EBITDA losses are guided to $400 million. Management targets a 20 GW annual gas-turbine output rate in 2026 and a 200 GW backlog in early 2027.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Revenue | Year to Dec 2026 | 45,500 | 46,500 | Jul 22, 2026 |
| Adjusted EBITDA margin | Year to Dec 2026 | 12.0% | 14.0% | Jul 22, 2026 |
| Free cash flow | Year to Dec 2026 | 11,500 | 12,500 | Jul 22, 2026 |
| Power, Organic revenue growth | Year to Dec 2026 | 18.0% | 20.0% | Jul 22, 2026 |
| Electrification, revenue | Year to Dec 2026 | 14,500 | 15,000 | Jul 22, 2026 |
| Wind, segment EBITDA losses | Year to Dec 2026 | -400 | -400 | Jul 22, 2026 |
Did GE Vernova keep its past promises?
Management did keep important financial promises. In December 2024, GE Vernova forecast US$36–37 billion of 2025 revenue and US$2–2.5 billion of free cash flow. It delivered US$38.068 billion of revenue and US$3.710 billion of free cash flow. The result supports management’s credibility, although strong demand also helped. Safety remains less comfortable: four worker fatalities triggered a negative modifier, but Strazik still received the maximum US$4.5 million annual incentive.
What is GE Vernova's recent revenue and profit trend?
Revenue rose from $9,111 million a year earlier to $11,104 million, and gross margin improved from 20.3% to 21.3%. Operating income rose from $378 million to $653 million. That evidence is more useful than first-quarter net income because it excludes the large Prolec revaluation gain.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11,104 | 9,339 | 10,956 | 9,969 | 9,111 | 8,032 | 10,559 | 8,913 |
| Gross margin | 21.3% | 19.1% | 21.2% | 19.0% | 20.3% | 18.3% | 20.1% | 12.4% |
| Operating income | 653 | 179 | 602 | 366 | 378 | 43 | 593 | -359 |
| Net income | 668 | 4,745 | 3,664 | 452 | 514 | 254 | 484 | -96 |
| EPS, diluted | 2.47 | 17.44 | 13.39 | 1.64 | 1.86 | 0.91 | 1.73 | -0.35 |
| = Free cash flow | 5,106 | 4,791 | 1,809 | 733 | 195 | 975 | 572 | 968 |
What should I watch in GE Vernova's next release?
The October 28 earnings webcast should provide the first reported test of management’s promised 5-GW quarterly turbine-production rate for Q3 and Q4. Investors should compare the pace with actual output, deliveries, margins and new advances, because a run rate is not the same as completed annual shipments.