NYSE$GEV

GE Vernova LLC · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

GE Vernova reported Q2 2025 total revenues of $9.11B with net income attributable to GE Vernova of $514M and diluted EPS of $1.86.

Total revenues were $9.11 billion as Power, Wind, and Electrification orders benefited from grid modernization and gas-turbine demand. Net income attributable to GE Vernova was $514 million; diluted EPS was $1.86. Backlog conversion and offshore wind profitability remain key.

  • Q2 total revenues $9.11B.
  • Net income $514M; diluted EPS $1.86.
  • Power and electrification orders support backlog.
  • Wind segment profitability and supply chain are focal.

Headline financials

Total Revenue

$9.11B

Previous: $8.2B+11.1%
EPS (adj)

$1.86

Previous: $1.01+84.2%
Orders

$12.4B

No prior period
Backlog Growth

$5.2B

No prior period
Gas Power backlog

55.0B

No prior period
Net income margin

5.4%

No prior period
Adjusted EBITDA

$770M

No prior period
Adj. EBITDA Margin

8.5%

No prior period
Cash from operations

$367M

No prior period
Share repurchase

$400M

No prior period
Dividends paid

$0.25

No prior period
Free Cash Flow

$514M

Previous: $1.29B-60.3%
Net Income

$514M

Previous: $1.29B-60.3%
Operating Income

$378M

Previous: $527M-28.3%
Gross Profit

$1.85B

Previous: $1.7B+8.5%

Revenue & EPS history

GE Vernova · Revenue · Quarterly

$9.11B

Q2 2025+11.1%vs Q2 2024
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

Technology and payments outlook cites volume growth, product cycles, and capex.

Tailwinds

  • Payments volume or semiconductor demand recovery.
  • AI and cloud-related program wins.

Headwinds

  • Client incentives or inventory corrections.
  • FX and supply-chain constraints.

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 Q2 2025

Historical avgQ2 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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