NYSE$GEV

GE Vernova LLC · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

GE Vernova reported Q4 2025 revenue of $11.0B with net income of $3.7B and diluted EPS of $13.39.

Fourth-quarter revenue grew 4% to $11.0 billion as Power and Electrification orders remained strong. Net income was $3.7 billion, reflecting a $2.9 billion U.S. tax valuation allowance release. Management raised 2026 revenue guidance to $44–45 billion with adjusted EBITDA margin of 11–13%.

  • Q4 revenue $11.0B (+4% YoY).
  • Net income $3.7B includes major tax valuation allowance benefit.
  • Electrification orders +21% organically in the quarter.
  • 2026 revenue guide $44B–$45B; adjusted EBITDA margin 11–13%.

Headline financials

Total Revenue

$11B

Previous: $10.6B+3.8%
EPS (adj)

$13.39

Previous: $1.73+674.0%
Orders

$22.2B

No prior period
Backlog Growth

$15B

No prior period
Gas Power backlog

83.0B

No prior period
Net income margin

33.5%

No prior period
Adjusted EBITDA

$1.16B

No prior period
Adj. EBITDA Margin

10.6%

No prior period
Cash from operations

$2.48B

No prior period
Share repurchase

$1.1B

No prior period
Dividends paid

$275M

No prior period
Net Income

$3.67B

Previous: $484M+658.3%
Operating Income

$602M

Previous: $593M+1.5%
Gross Profit

$2.32B

Previous: $2.12B+9.4%

Revenue & EPS history

GE Vernova · Revenue · Quarterly

$11B

Q4 2025+3.8%vs Q4 2024
Beat estimate in 6 of 9 quarters(67%)
ActualEstimate

Forward guidance

The release discusses GE Vernova's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • GE Vernova cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.
  • Management issued or reiterated forward revenue and margin targets.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter 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 Q4 2025

Historical avgQ4 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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