GE Vernova (GEV) Research & Development (2023 - 2026)
GE Vernova (GEV) posted Research & Development of $334 million for Q2 2026, up 18.4% from $282 million a year earlier and up 9.9% from the prior quarter.
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Analysis
GE Vernova (GEV) Research & Development (2023 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at GE Vernova was $1.31 billion, up 27.6% year-over-year; for FY2025, it came in at $1.2 billion, up 21.9% from FY2024.
- Annual Research & Development shows a three-year compound annual growth rate of 6.9% (FY2022 to FY2025).
- In prior years, GE Vernova's Research & Development was $982 million in FY2024 (+9.6%), $896 million in FY2023 (-8.5%) and $979 million in FY2022.
- Quarterly Research & Development has run from a low of $202 million in Q1 2023 to a high of $365 million in Q4 2025 over five years.
- On a year-over-year basis, Research & Development has increased in each of the last ten quarters, with growth averaging 18.0% over the last eight quarters.
- Over the past five years, the year-over-year growth in Research & Development ranged from 0.8% (Q1 2025) to 37.7% (Q4 2025).
- According to Business Quant data, Research & Development for the three prior quarters was $304 million (Q1 2026), $365 million (Q4 2025) and $310 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 256.40 Bn | 217.48 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 85.45 Bn | 77.27 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 19.01 Bn | 9.97 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.64 Bn | 10.94 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.53 Bn | 11.36 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 12.03 Bn | 7.92 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.62 Bn | 4.81 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.21 Bn | -653.40 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.51 Bn | 1.39 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Nuscale Power | 3.18 Bn | 3.14 Bn | -152,000.00 | 18.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 334.00 Mn |
| Mar 31, 2026 | 304.00 Mn |
| Dec 31, 2025 | 365.00 Mn |
| Sep 30, 2025 | 310.00 Mn |
| Jun 30, 2025 | 282.00 Mn |
| Mar 31, 2025 | 239.00 Mn |
| Dec 31, 2024 | 265.00 Mn |
| Sep 30, 2024 | 243.00 Mn |
| Jun 30, 2024 | 237.00 Mn |
| Mar 31, 2024 | 237.00 Mn |
| Dec 31, 2023 | 255.00 Mn |
| Sep 30, 2023 | 223.00 Mn |
| Jun 30, 2023 | 216.00 Mn |
| Mar 31, 2023 | 202.00 Mn |
API Access
GE Vernova Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=GEV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "GEV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=GEV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();