GE Vernova (NYSE:GEV) Announces Earnings Results, Beats Estimates By $0.78 EPS

GE Vernova (NYSE:GEV) announced its earnings results on Wednesday. The company reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78, FiscalAI reports. The business had revenue of $12.64 billion during the quarter, compared to the consensus estimate of $11.99 billion. GE Vernova had a net margin of 23.03% and a return on equity of 42.42%. GE Vernova’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.64 earnings per share.

Here are the key takeaways from GE Vernova’s conference call:

• Strong third-quarter results: Orders rose 96% year over year to $29.3 billion, backlog expanded to approximately $197 billion, adjusted EBITDA more than doubled to $1.9 billion, and free cash flow reached $5.4 billion.
• GE Vernova raised its 2026 guidance to revenue of $46.5 billion–$47.5 billion, adjusted EBITDA margin of 13.5%–14.5%, and free cash flow of $16 billion–$17 billion, supported by improved execution, pricing, and volume.
• The company agreed to acquire Trench Group for $9 billion, expecting the deal to be immediately accretive after its anticipated late-2027 close. Trench’s high-voltage grid components, approximately $5 billion backlog and framework agreements, and expected $50 million–$100 million in annual cost synergies by 2030 would strengthen Electrification.
• Power margins reached 21.4% in the quarter, while gas turbine pricing was more than 20% above fourth-quarter 2025 levels and full-year 2026 pricing is expected to be approximately 50% higher than in 2025. Gas demand remains strong, with 122 gigawatts under contract and further growth expected in 2027.
• Wind returned to profitability in the quarter, but management still expects a $400 million–$500 million EBITDA loss for full-year 2026. The U.S. onshore market remains soft amid permitting delays and tariff uncertainty, while offshore execution—including Dogger Bank—remains a key risk into 2027.

GE Vernova Stock Performance

NYSE GEV opened at $876.07 on Thursday. The company has a fifty day simple moving average of $939.01 and a 200 day simple moving average of $937.93. GE Vernova has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a current ratio of 0.85, a quick ratio of 0.62 and a debt-to-equity ratio of 0.21. The company has a market cap of $233.32 billion, a P/E ratio of 25.07, a PEG ratio of 2.82 and a beta of 1.14.

GE Vernova Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Tuesday, October 27th. GE Vernova’s dividend payout ratio (DPR) is currently 5.72%.

Trending Headlines about GE Vernova

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: GE Vernova’s total backlog reached a record $197 billion, while quarterly orders reportedly increased 96% year over year. Management also raised its 2026 revenue and free-cash-flow outlook and expanded its share-repurchase authorization. GE Vernova Beats, Raises Guidance and Buys Trench Group
• Positive Sentiment: The planned $9 billion acquisition of Trench Group, a high-voltage grid-equipment supplier, would broaden GE Vernova’s Electrification portfolio and give it greater scale to serve demand from grid modernization, electrification and energy security. GE Vernova to Acquire Trench Group
• Positive Sentiment: Analyst support remains constructive: Sanford C. Bernstein reaffirmed an Outperform rating with a $1,298 target, while the reported consensus target is about $1,164.87, implying substantial potential upside from current levels. Sanford C. Bernstein rating
• Negative Sentiment: The key disappointment was new orders and production-slot additions falling short of elevated expectations. Investors may view the reported order growth and backlog as less impressive if future capacity is not filling quickly enough, which helps explain why the shares declined despite the earnings beat. GE Vernova Stock Falls; New Orders and New Slots Missed
• Neutral Sentiment: Management said it is seeking payment from Venezuela before undertaking power-grid repairs, limiting near-term execution risk but highlighting potential uncertainty around that opportunity. GE Vernova seeking payment from Venezuela

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on GEV shares. Citigroup decreased their price target on GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating for the company in a report on Thursday, July 23rd. Sanford C. Bernstein reissued an “outperform” rating and issued a $1,298.00 price objective on shares of GE Vernova in a research note on Wednesday. Royal Bank Of Canada raised their target price on GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Susquehanna reiterated a “positive” rating and issued a $1,250.00 target price (down from $1,270.00) on shares of GE Vernova in a report on Thursday. Finally, The Goldman Sachs Group raised GE Vernova from a “buy” rating to a “market outperform” rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, GE Vernova has an average rating of “Moderate Buy” and an average price target of $1,164.20.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.