GE Vernova Q3 revenue rockets 26.8% to $12.64 billion
Key points
- GE Vernova (NYSE:GEV) reported third-quarter 2026 revenue of $12.642 billion, up 26.8%, and net income of $1.289 billion.
- Organic orders rose 96% to $29 billion, backlog reached $197 billion, and free cash flow totaled $5.4 billion.
- The company raised its 2026 revenue forecast to $46.5 billion–$47.5 billion and its free cash flow forecast to $16 billion–$17 billion.
GE Vernova (NYSE:GEV) reported third-quarter 2026 revenue of $12.642 billion, up 26.8% year over year, and raised its full-year revenue and cash flow forecasts.
Organic revenue increased 18%, while organic orders surged 96% to $29 billion, lifting the company’s backlog by $20 billion sequentially to $197 billion.
Net income reached $1.289 billion, compared with $453 million a year earlier, while adjusted EBITDA rose to $1.9 billion and its margin increased to 15.4%.
The company generated $6.1 billion in cash from operating activities and reported free cash flow of $5.4 billion, alongside stronger order growth and backlog expansion.
GE Vernova raised its full-year 2026 revenue forecast to $46.5 billion–$47.5 billion and its adjusted EBITDA margin outlook to 13.5%–14.5%, up from 12%–14%.
The company also increased its 2026 free cash flow forecast to $16 billion–$17 billion from $11.5 billion–$12.5 billion and doubled its share repurchase authorization to $20 billion.
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