Q1 25 EPS
$N/A
Est. $0.37
Q1 25 Revenue
$8.00B
BEAT +5.99%
Est. $7.55B
vs S&P Since Q1 25
+176.0%
BEATING MARKET
GEV +210.6% vs S&P +34.6%
Market Reaction
Did GEV Beat Earnings? Q1 2025 Results
GE Vernova opened 2025 with a standout quarter, posting first-quarter revenue of $8.00 billion, a 10.2% year-over-year increase that came in 5.99% above the consensus estimate of $7.55 billion, as the energy technology company achieved positive free … Read more GE Vernova opened 2025 with a standout quarter, posting first-quarter revenue of $8.00 billion, a 10.2% year-over-year increase that came in 5.99% above the consensus estimate of $7.55 billion, as the energy technology company achieved positive free cash flow in Q1 for the first time in its history as a standalone business. The single most material driver behind the beat was a broad-based surge in orders and margin expansion across all three segments, headlined by the Power segment's 11.5% EBITDA margin and a 43% jump in Power equipment orders, while Electrification delivered a dramatic 740-basis-point margin improvement fueled by Grid Solutions demand for switchgear and transformers. CEO Scott Strazik framed the moment as the opening act of an "electricity investment supercycle," a view underscored by 7 gigawatts of gas turbine orders signed in the quarter. With growing investor confidence in the platform, management reaffirmed full-year 2025 revenue guidance of $36.00–$37.00 billion and free cash flow of $2.00–$2.50 billion, even after absorbing an estimated $300–$400 million in tariff headwinds.
Key Takeaways
- • Strong Gas Power equipment demand with 7 gigawatts of gas turbine orders signed
- • Services orders growth of 16% organically
- • Positive price contributions across all segments
- • Productivity improvements and lean operating model execution
- • Higher down payments at Power and improved working capital management
- • Grid Solutions growth driven by switchgear and transformer volume
GEV YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
GEV Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered strong results in the first quarter and our businesses continued to execute well. We grew our equipment and services backlog, meaningfully improved margins in each segment, and are returning a significant amount of capital to shareholders.”
— Scott Strazik, Q1 2025 Earnings Press Release
GEV Earnings Trends
GEV vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GEV EPS Trend
Earnings per share: estimate vs actual
GEV Revenue Trend
Quarterly revenue: estimate vs actual
GEV Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | $9.30B | +0.36% |
| Q4 25 FY | $3.22 | — | — | $11.00B | — |
| FY Full Year | $7.76 | — | — | $38.10B | +2.14% |
| Q3 25 | $1.86 | — | — | $10.00B | +9.17% |
| Q1 25 | $0.37 | — | — | $8.00B | +5.99% |
| Q4 24 FY | $2.49 | — | — | $10.60B | — |
| FY Full Year | $3.23 | — | — | $34.90B | +0.47% |