NYSE$GEV

GE Vernova LLC · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

GE Vernova reported Q1 2025 revenue of $8.03B with net income attributable to GE Vernova of $254M and diluted EPS of $0.91.

Total revenues were $8.03 billion for the quarter ended March 31, 2025, up on Power and Wind equipment demand. Net income attributable to GE Vernova was $254 million ($0.91 diluted EPS) versus a loss a year ago. Electrification backlog, gas turbines, and offshore wind execution are key themes.

  • Q1 revenue $8.03B (+11% YoY per MD&A).
  • Net income to GE Vernova $254M; diluted EPS $0.91.
  • Power and electrification orders support backlog growth.
  • Wind losses and project timing can swing segment margins.

Headline financials

Total Revenue

$8.03B

Previous: $7.26B+10.6%
EPS (adj)

$0.91

Previous: $0.68+33.8%
Orders

$10.2B

No prior period
Backlog Growth

$4.4B

No prior period
Gas Power backlog

29.0B

No prior period
Net income margin

3.3%

No prior period
Adjusted EBITDA

$457M

No prior period
Adj. EBITDA Margin

5.7%

No prior period
Cash from operations

$1.16B

No prior period
Share repurchase

$1.5B

No prior period
Dividends paid

$68.5M

No prior period
Capital Expenditures

-$186M

Previous: -$217M+14.3%
Free Cash Flow

$975M

Previous: -$130M+850.0%
Net Income

$264M

Previous: -$130M+303.1%
Operating Income

$43M

Previous: -$289M+114.9%
Gross Profit

$1.47B

Previous: $1.15B+27.8%
R&D Expense

$239M

Previous: $237M+0.8%

Revenue & EPS history

GE Vernova · Revenue · Quarterly

$8.03B

Q1 2025+10.6%vs Q1 2024
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 10 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+2.7%

Avg return

Earnings day

+4.4%

Avg return

5 days after

+13.3%

Avg return

30 days after

73%

8 / 11 earnings

Positive

+14.6%

Q2 2025

Best reaction

-6.2%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+13.0%+4.9%
Q4 2025+2.9%+9.0%+26.1%
Q3 2025-2.1%-0.2%-5.0%
Q2 2025+14.6%+18.0%+10.6%
Q1 2025+3.1%+13.5%+42.4%
Q4 2024+2.7%-20.7%-21.2%
Q3 2024+7.4%+4.6%+26.3%
Q3 2023+7.4%+4.6%+26.3%
Q2 2024-6.2%+0.9%+7.5%
Q2 2023-6.2%+0.9%+7.5%
Q1 2024+4.7%+5.2%+21.4%
Q4 2023

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