GE Vernova (GEV) Net Income (2023 - 2026)
GE Vernova (GEV) posted Net Income of $649.0 million for Q2 2026, down 86.33% on a QoQ basis from $4.7 billion in Q1 2026, and up 31.91% year-over-year from $492.0 million in Q2 2025.
GE Vernova (GEV) Net Income (2023 - 2026) Analysis & Trends
GE Vernova's Net Income history runs 4 years deep, the most recent figure standing at $649.0 million for Q2 2026.
- Quarterly Net Income rose 31.91% year-over-year to $649.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $9.5 billion (up 734.44% YoY) and the FY2025 annual result came in at $4.9 billion, up 212.96% from the prior year.
- Net Income was $649.0 million for Q2 2026 at GE Vernova, down from $4.7 billion in the prior quarter.
- Across five years, Net Income topped out at $4.7 billion in Q1 2026 and bottomed at -$346.0 million in Q1 2023.
- A 4-year average of $816.1 million and a median of $358.5 million in 2025 frame the typical range for Net Income.
- Annual changes were most pronounced in 2025 — Net Income plunged 61.56% — and 2026, when it surged 1698.86%.
- GE Vernova's Net Income stood at $206.0 million in 2023, then surged by 134.95% to $484.0 million in 2024, then jumped by 658.26% to $3.7 billion in 2025, then sank by 82.32% to $649.0 million in 2026.
- Business Quant data shows GEV's Net Income at $649.0 million in Q2 2026, $4.7 billion in Q1 2026, and $3.7 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 270.93 Bn | 257.81 Bn | 2.36 Bn | 649.00 Mn |
| 2 | Eaton | 156.55 Bn | 155.79 Bn | 2.65 Bn | 867.00 Mn |
| 3 | Parker-Hannifin | 124.04 Bn | 123.57 Bn | 2.02 Bn | 904.00 Mn |
| 4 | Cummins | 91.66 Bn | 88.48 Bn | 2.24 Bn | 680.00 Mn |
| 5 | Emerson Electric | 82.90 Bn | 81.11 Bn | 2.42 Bn | 618.00 Mn |
| 6 | Illinois Tool Works | 81.54 Bn | 80.71 Bn | 1.76 Bn | 768.00 Mn |
| 7 | Ametek | 55.40 Bn | 54.92 Bn | 717.56 Mn | 399.36 Mn |
| 8 | Rockwell Automation | 51.78 Bn | 51.35 Bn | 1.13 Bn | 351.00 Mn |
| 9 | Ingersoll Rand | 32.99 Bn | 31.71 Bn | 792.40 Mn | 193.80 Mn |
| 10 | Xylem | 29.09 Bn | 28.28 Bn | 803.00 Mn | 189.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 649.00 Mn |
| Mar 31, 2026 | 4.75 Bn |
| Dec 31, 2025 | 3.67 Bn |
| Sep 30, 2025 | 453.00 Mn |
| Jun 30, 2025 | 492.00 Mn |
| Mar 31, 2025 | 264.00 Mn |
| Dec 31, 2024 | 484.00 Mn |
| Sep 30, 2024 | -99.00 Mn |
| Jun 30, 2024 | 1.28 Bn |
| Mar 31, 2024 | -43.00 Mn |
| Dec 31, 2023 | 206.00 Mn |
| Sep 30, 2023 | -185.00 Mn |
| Jun 30, 2023 | -149.00 Mn |
| Mar 31, 2023 | -346.00 Mn |