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

GE Vernova (NYSE:GEV) announced 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. The firm’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $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 Price Performance

GEV stock traded down $38.68 during trading on Wednesday, hitting $856.40. 2,282,094 shares of the company’s stock were exchanged, compared to its average volume of 2,661,709. The business has a 50-day moving average price of $941.61 and a two-hundred day moving average price of $936.70. GE Vernova has a 52-week low of $530.16 and a 52-week high of $1,195.94.

GE Vernova Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Tuesday, October 27th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, October 27th. This represents a $2.00 annualized dividend and a yield of 0.2%.

Analyst Ratings Changes

Several research firms recently commented on GEV. President Capital boosted their target price on GE Vernova from $1,368.00 to $1,398.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Citigroup reduced their price target on GE Vernova from $1,219.00 to $1,125.00 and set a “neutral” rating on the stock in a research report on Thursday, July 23rd. Wall Street Zen lowered GE Vernova from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $1,298.00 price objective on shares of GE Vernova in a research note on Wednesday. Finally, Evercore reiterated an “outperform” rating and issued a $1,350.00 price target on shares of GE Vernova in a research note on Thursday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,164.87.

Trending Headlines about GE Vernova

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

• Positive Sentiment: Quarterly results exceeded expectations: GE Vernova reported adjusted earnings of $4.81 per share, versus the $4.03 consensus estimate, while revenue rose 26.8% year over year to $12.64 billion, above the $11.99 billion forecast. GE Vernova Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Demand and backlog remained exceptionally strong: Third-quarter orders reportedly increased 96%, lifting total backlog to approximately $197 billion. The order momentum supports visibility into future revenue and reflects sustained demand across power-generation and electrification businesses. GE Vernova Stock Surges as Orders Soar
• Positive Sentiment: Guidance and capital returns improved: Management raised its 2026 revenue outlook following strong Power segment performance, generated roughly $5.4 billion in free cash flow during the quarter and increased its share-repurchase authorization. GE Vernova Reports Strong Third Quarter Performance
• Positive Sentiment: Strategic acquisition expands grid exposure: GE Vernova agreed to acquire high-voltage grid-equipment maker Trench Group for about $9 billion. The transaction is intended to broaden its Electrification portfolio and provide greater scale in a market benefiting from grid upgrades and energy-security spending. GE Vernova to Acquire Trench Group
• Positive Sentiment: Analyst support remains favorable: Sanford C. Bernstein reaffirmed an “outperform” rating and assigned a $1,298 price target, signaling continued confidence in GEV’s growth prospects.
• Negative Sentiment: Valuation and execution risks remain: The sizable Trench acquisition could increase integration and capital-allocation risks, while the stock remains well below its 52-week high and trades below its 50-day and 200-day moving averages. Wind-market weakness and tariff uncertainty also remain potential headwinds.

About GE Vernova

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.