GE Vernova (NYSE:GEV) Issues Quarterly Earnings Results, Beats Expectations By $0.78 EPS

Posted by Geri Gentry on Oct 30th, 2026

GE Vernova (NYSE:GEV – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78, FiscalAI reports. The company had revenue of $12.64 billion during the quarter, compared to analyst estimates of $11.99 billion. GE Vernova had a return on equity of 46.50% and a net margin of 23.54%. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the company 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 $889.93 on Friday. The firm has a market cap of $237.02 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 3.04 and a beta of 1.14. GE Vernova has a 12-month low of $530.16 and a 12-month high of $1,195.94. The company has a 50-day simple moving average of $937.07 and a two-hundred day simple moving average of $939.27. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.22.

GE Vernova Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Tuesday, October 27th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%. GE Vernova’s payout ratio is currently 5.72%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Guggenheim reissued a “buy” rating and issued a $1,450.00 price target on shares of GE Vernova in a research note on Tuesday, October 13th. The Goldman Sachs Group raised shares of GE Vernova from a “buy” rating to a “market outperform” rating in a report on Monday, September 14th. Evercore reaffirmed an “outperform” rating and set a $1,350.00 price objective on shares of GE Vernova in a report on Thursday, October 1st. BMO Capital Markets reissued an “outperform” rating and issued a $1,200.00 target price on shares of GE Vernova in a research note on Thursday. Finally, TD Cowen lowered their price target on GE Vernova from $1,235.00 to $1,125.00 and set a “buy” rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, GE Vernova presently has a consensus rating of “Moderate Buy” and an average price target of $1,152.53.

View Our Latest Stock Analysis on GEV

GE Vernova News Roundup

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

Positive Sentiment: HSBC upgraded GE Vernova to “buy” and set a $1,100 price target, implying meaningful upside from the current level. Sanford C. Bernstein also reaffirmed its “outperform” rating, while Susquehanna maintained a positive view with a $1,250 target. HSBC rating
Positive Sentiment: GE Vernova’s Q3 earnings beat expectations, with earnings of $4.81 per share versus the $4.03 consensus and revenue of $12.64 billion versus $11.99 billion expected. Management raised its outlook, and the backlog reached approximately $197 billion. Gas-turbine pricing has also strengthened as AI data centers compete for limited generation capacity. Q3 earnings call highlights
Positive Sentiment: The planned $9 billion acquisition of Trench Group will bring high-voltage grid-equipment manufacturing in-house and expand GE Vernova’s presence in Europe and Asia. The transaction is intended to capitalize on rising electricity demand and strengthen the Electrification segment. Trench Group acquisition
Neutral Sentiment: Analyst views remain divided. JPMorgan lowered its target to $1,035 but kept an “overweight” rating, while Citigroup cut its target to $1,000 and retained “neutral.”
Negative Sentiment: GLJ Research raised its price target to $540 but maintained a “sell” rating, indicating substantial downside from the current price. Investors are also questioning backlog quality and the pace of new orders, which fell short of elevated expectations despite strong revenue, earnings and guidance. GLJ Research rating

About GE Vernova

(Get Free Report)

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.