Form 10-Q · Quarterly report
GE Vernova 10-Q, filed Jul 22, 2026
- Filed
- CIK
- 0001996810
- Accession no.
- 0001996810-26-000148
Summary
GE Vernova reported second-quarter 2026 revenue of $11.1 billion, up 22% from a year earlier, net income of $0.6 billion and diluted earnings per share of $2.47, with remaining performance obligations of $176.3 billion, up 37% year over year. Six-month net income of $5.4 billion included a $4.0 billion pre-tax gain on the acquisition of Prolec GE and a $0.3 billion pre-tax gain on the sale of its Proficy manufacturing software business.
Key points
- GE Vernova's remaining performance obligations were $176.3 billion as of June 30, 2026, up $47.6 billion (37%) from a year earlier, led by Gas Power, Nuclear Power and Electrification and partly offset by Wind.
- Second-quarter revenue rose 22% to $11.1 billion and Adjusted EBITDA rose $0.5 billion to $1.2 billion, while the Wind segment reported negative Segment EBITDA of $275 million for the quarter and $657 million for the six months.
- Six-month net income of $5.4 billion included a $4.0 billion pre-tax gain on the acquisition of Prolec GE and a $0.3 billion pre-tax gain on the sale of the Proficy manufacturing software business.
- Cash from operating activities was $10.7 billion for the six months ended June 30, 2026, versus $1.5 billion a year earlier, and free cash flow was $9.9 billion versus $1.2 billion.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION RESULTS OF OPERATIONS Summary of Results. RPO was $176.3 billion and $128.7 billion as of June 30, 2026 and 2025, respectively. For the three months ended June 30, 2026, total revenues were $11.1 billion, an increase of $2.0 billion for the quarter. Net income (loss) was $0.6 billion, an increase of $0.2 billion in net income for the quarter, and net income (loss) margin was 5.8%. Diluted earnings (loss) per share was $2.47 for the three months ended June 30, 2026, an increase in diluted earnings per share of $0.61 for the quarter. …
An excerpt of the text as filed with the SEC, cut for length.
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