GE Vernova reported revenue of $11.10B and net income of $0.67B for the quarter ended Jun 2026, up 21.9% year over year. This income statement covers 14 quarters of results from Mar 2023 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||
| Revenue | 6.82B | 8.12B | 8.25B | 10.04B | 7.26B | 8.20B | 8.91B | 10.56B | 8.03B | 9.11B | 9.97B | 10.96B | 9.34B | 11.10B |
| Cost of RevenueCost of Rev | 5.90B | 6.97B | 7.20B | 8.34B | 6.11B | 6.50B | 7.80B | 8.44B | 6.56B | 7.27B | 8.07B | 8.63B | 7.56B | 8.74B |
| Gross Profit | 0.92B | 1.15B | 1.05B | 1.70B | 1.15B | 1.70B | 1.11B | 2.12B | 1.47B | 1.85B | 1.90B | 2.32B | 1.78B | 2.36B |
| Operating items | ||||||||||||||
| Research & DevelopmentR&D | 0.20B | 0.22B | 0.22B | 0.26B | 0.24B | 0.24B | 0.24B | 0.27B | 0.24B | 0.28B | 0.31B | 0.36B | 0.30B | 0.33B |
| Selling, General & AdministrativeSG&A | 1.19B | 1.27B | 1.14B | 1.25B | 1.20B | 0.94B | 1.23B | 1.27B | 1.19B | 1.19B | 1.22B | 1.35B | 1.30B | 1.37B |
| Operating ExpensesOpex | 1.39B | 1.49B | 1.36B | 1.51B | 1.44B | 1.18B | 1.47B | 1.53B | 1.43B | 1.47B | 1.53B | 1.72B | 1.60B | 1.71B |
| Operating IncomeOp. Inc | -0.47B | -0.34B | -0.31B | 0.20B | -0.29B | 0.53B | -0.36B | 0.59B | 0.04B | 0.38B | 0.37B | 0.60B | 0.18B | 0.65B |
| EBIT | -0.47B | -0.34B | -0.31B | 0.20B | -0.29B | 0.53B | -0.36B | 0.59B | 0.04B | 0.38B | 0.37B | 0.60B | 0.18B | 0.65B |
| Non-operating items | ||||||||||||||
| Non Operating Interest Expenses | 0.02B | 0.02B | 0.02B | 0.04B | 0.01B | -0.06B | -0.04B | -0.04B | -0.06B | -0.04B | -0.04B | -0.04B | -0.03B | -0.07B |
| Other Non Operating IncomeOther Non Op Inc. | -0.06B | 0.19B | 0.18B | 0.02B | 0.07B | 0.88B | 0.07B | 0.35B | 0.12B | 0.12B | 0.22B | 0.34B | 4.76B | 0.08B |
| Net income details | ||||||||||||||
| EBT | -0.41B | -0.03B | -0.02B | 0.33B | -0.10B | 1.60B | -0.12B | 1.11B | 0.33B | 0.65B | 0.75B | 1.10B | 5.10B | 0.93B |
| Tax ProvisionsTaxes | -0.07B | 0.12B | 0.17B | 0.12B | 0.01B | 0.32B | -0.02B | 0.63B | 0.07B | 0.15B | 0.29B | -2.56B | 0.35B | 0.28B |
| Profit After TaxPAT | -0.35B | -0.15B | -0.18B | 0.21B | -0.13B | 1.29B | -0.10B | 0.48B | 0.26B | 0.51B | 0.45B | 3.66B | 4.75B | 0.67B |
| Income from Non-Controlling InterestsInc. Minority | -0.03B | 0.00B | -0.01B | 0.01B | 0.02B | -0.01B | -0.00B | 0.01B | -0.02B | 0.00B | 0.01B | 0.00B | -0.02B | |
| Income from Continuing OperationsIncome (Continuing) | -0.35B | -0.15B | -0.18B | 0.21B | -0.11B | 1.28B | -0.10B | 0.48B | 0.26B | 0.49B | 0.45B | 3.67B | 4.75B | 0.65B |
| Consolidated Net IncomeConsol Net Inc. | -0.35B | -0.15B | -0.18B | 0.21B | -0.11B | 1.28B | -0.10B | 0.48B | 0.26B | 0.49B | 0.45B | 3.67B | 4.75B | 0.65B |
| Income towards Parent CompanyParent Net Inc | -0.35B | -0.15B | -0.18B | 0.21B | -0.11B | 1.28B | -0.10B | 0.48B | 0.26B | 0.49B | 0.45B | 3.67B | 4.75B | 0.65B |
| Net Income towards Common StockholdersNet Income | -0.35B | -0.15B | -0.18B | 0.21B | -0.11B | 1.28B | -0.10B | 0.48B | 0.26B | 0.49B | 0.45B | 3.67B | 4.75B | 0.65B |
| Additional items | ||||||||||||||
| EPS (Basic) | -1.26 | -0.54 | -0.68 | 0.75 | -0.39 | 4.67 | -0.36 | 1.76 | 0.96 | 1.81 | 1.67 | 13.49 | 17.65 | 2.42 |
| EPS (Diluted) | -1.26 | -0.54 | -0.68 | 0.75 | -0.39 | 4.60 | -0.36 | 1.74 | 0.95 | 1.78 | 1.65 | 13.30 | 17.46 | 2.40 |
| Shares Outstanding | 0.27B | 0.27B | 0.27B | 0.27B | 0.27B | 0.27B | 0.28B | 0.28B | 0.28B | 0.27B | 0.27B | 0.27B | 0.27B | 0.27B |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 0.27B | 0.27B | 0.27B | 0.27B | 0.27B | 0.28B | 0.28B | 0.28B | 0.28B | 0.28B | 0.28B | 0.28B | 0.27B | 0.27B |
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 0.27B | 0.27B | 0.27B | 0.27B | 0.27B | 0.28B | 0.28B | 0.27B | 0.27B | 0.27B | 0.27B | 0.27B | 0.27B | |
| EBITDA | -0.47B | -0.34B | -0.31B | 0.20B | -0.29B | 0.53B | -0.36B | 0.59B | 0.04B | 0.38B | 0.37B | 0.60B | 0.18B | 0.65B |
| Interest ExpensesInt Expense | 0.02B | 0.02B | 0.02B | 0.04B | 0.01B | -0.06B | -0.04B | -0.04B | -0.06B | -0.04B | -0.04B | -0.04B | -0.03B | -0.07B |
| Tax Rate | 16.63% | -451.85% | -1,056.25% | 37.20% | -10.42% | 20.10% | 18.85% | 56.51% | 20.48% | 23.72% | 39.28% | -232.13% | 6.94% | 29.84% |