GE Vernova 10-Q, filed Oct 28, 2026

Summary

GE Vernova reported third-quarter 2026 revenue of $12.6 billion, up 27% from a year earlier, with net income of $1.3 billion, diluted earnings per share of $4.81, and backlog (remaining performance obligations) of $196.7 billion as of September 30, 2026. Growth was driven mainly by Gas Power and Nuclear Power services and by the acquisition of Prolec GE, partly offset by lower Onshore Wind orders and deliveries.

Key points

• Total revenues for the three months ended September 30, 2026 were $12.6 billion, up $2.7 billion (27%), and net income was $1.3 billion, up $0.8 billion, with net income margin of 10.2%.
• RPO was $196.7 billion as of September 30, 2026, up $46.5 billion (31%) from December 31, 2025, driven by Gas Power and Nuclear Power services and equipment and by the Prolec GE acquisition, partly offset by decreases at Offshore and Onshore Wind.
• Nine-month free cash flow was $15.3 billion versus $1.9 billion a year earlier, and cash from operating activities was $16.7 billion versus $2.5 billion.
• Nine-month net income of $6.7 billion included a $4.0 billion pre-tax gain on the Prolec GE acquisition and a $0.4 billion pre-tax gain on the sale of the Proficy manufacturing software business.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.