Q3 25 EPS
$N/A
Est. $1.86
Q3 25 Revenue
$10.00B
BEAT +9.17%
Est. $9.16B
vs S&P Since Q3 25
+87.3%
BEATING MARKET
GEV +95.2% vs S&P +7.9%
Market Reaction
Did GEV Beat Earnings? Q3 2025 Results
GE Vernova delivered a standout third quarter of 2025, posting revenue of $10.00 billion, a 9.17% beat against the $9.16 billion consensus and a 12.2% increase year-over-year, as surging demand for gas power equipment and grid electrification solutio… Read more GE Vernova delivered a standout third quarter of 2025, posting revenue of $10.00 billion, a 9.17% beat against the $9.16 billion consensus and a 12.2% increase year-over-year, as surging demand for gas power equipment and grid electrification solutions drove one of the company's strongest quarters since its spin-off. Orders rocketed 55% organically to $14.60 billion, with the Electrification segment alone more than doubling its order intake, including a $1.60 billion synchronous condenser contract in Saudi Arabia. Net income reached $500.00 million while adjusted EBITDA climbed to $800.00 million at an 8.1% margin, reflecting broad-based expansion across all three reporting segments. The quarter was further defined by GE Vernova's $5.28 billion deal to acquire the remaining 50% stake in Prolec GE, a move that cements its standing as a global grid equipment leader. Management reaffirmed full-year guidance, with revenue now trending toward the higher end of $36.00–$37.00 billion, and plans to provide 2026 guidance at its December 9 investor event.
Key Takeaways
- • Gas Power equipment orders more than doubled with 20 heavy-duty units including 13 HA turbines
- • Gas Power revenue growth driven by increased heavy-duty gas turbine deliveries, project commissioning, higher services volume, and favorable price
- • Electrification orders increased 102% organically with strong grid equipment demand
- • Grid Solutions revenue growth from HVDC and switchgear
- • Power Conversion and Storage growth from battery energy storage solutions
- • Price, productivity, and volume driving margin expansion across all segments
- • Wind EBITDA losses improved 870 basis points driven by Onshore Wind equipment profitability, price, and productivity
GEV YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
GEV Revenue by Segment
With YoY comparisons, source: SEC Filings
“GE Vernova delivered another productive quarter with strong financial results. Our growth trajectory is accelerating and the demand environment for our equipment and services remains strong with $16 billion in backlog growth year-to-date. Our Gas Power equipment backlog and slot reservation agreements increased from 55 to 62 gigawatts sequentially, and our Electrification equipment backlog increased $6.5 billion year-to-date, to approximately $26 billion.”
— Scott Strazik, Q3 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% |