GE Vernova (NYSE:GEV) Announces Earnings Results, Beats Estimates By $0.78 EPS

GE Vernova (NYSE:GEV) released its earnings results on Wednesday. The company reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78, FiscalAI reports. The company had revenue of $12.64 billion for the quarter, compared to analyst estimates of $11.99 billion. During the same period in the previous year, the business posted $1.64 EPS. The firm’s quarterly revenue was up 26.8% on a year-over-year basis.

Here are the key takeaways from GE Vernova’s conference call:

• Strong third-quarter results: Orders rose 96% year over year to $29.3 billion, backlog expanded to approximately $197 billion, adjusted EBITDA more than doubled to $1.9 billion, and free cash flow reached $5.4 billion.
• GE Vernova raised its 2026 guidance to revenue of $46.5 billion–$47.5 billion, adjusted EBITDA margin of 13.5%–14.5%, and free cash flow of $16 billion–$17 billion, supported by improved execution, pricing, and volume.
• The company agreed to acquire Trench Group for $9 billion, expecting the deal to be immediately accretive after its anticipated late-2027 close. Trench’s high-voltage grid components, approximately $5 billion backlog and framework agreements, and expected $50 million–$100 million in annual cost synergies by 2030 would strengthen Electrification.
• Power margins reached 21.4% in the quarter, while gas turbine pricing was more than 20% above fourth-quarter 2025 levels and full-year 2026 pricing is expected to be approximately 50% higher than in 2025. Gas demand remains strong, with 122 gigawatts under contract and further growth expected in 2027.
• Wind returned to profitability in the quarter, but management still expects a $400 million–$500 million EBITDA loss for full-year 2026. The U.S. onshore market remains soft amid permitting delays and tariff uncertainty, while offshore execution—including Dogger Bank—remains a key risk into 2027.

GE Vernova Price Performance

GE Vernova stock traded down $31.12 during trading hours on Wednesday, hitting $863.96. 2,463,370 shares of the stock were exchanged, compared to its average volume of 2,661,709. The business’s 50-day moving average is $941.61 and its two-hundred day moving average is $936.70. GE Vernova has a 12 month low of $530.16 and a 12 month high of $1,195.94.

GE Vernova Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Tuesday, October 27th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.2%.

Key GE Vernova News

Here are the key news stories impacting GE Vernova this week:

• Positive Sentiment: Quarterly results exceeded expectations: GE Vernova reported adjusted earnings of $4.81 per share, versus the $4.03 consensus estimate, while revenue rose 26.8% year over year to $12.64 billion, above the $11.99 billion forecast. GE Vernova Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Demand and backlog remained exceptionally strong: Third-quarter orders reportedly increased 96%, lifting total backlog to approximately $197 billion. The order momentum supports visibility into future revenue and reflects sustained demand across power-generation and electrification businesses. GE Vernova Stock Surges as Orders Soar
• Positive Sentiment: Guidance and capital returns improved: Management raised its 2026 revenue outlook following strong Power segment performance, generated roughly $5.4 billion in free cash flow during the quarter and increased its share-repurchase authorization. GE Vernova Reports Strong Third Quarter Performance
• Positive Sentiment: Strategic acquisition expands grid exposure: GE Vernova agreed to acquire high-voltage grid-equipment maker Trench Group for about $9 billion. The transaction is intended to broaden its Electrification portfolio and provide greater scale in a market benefiting from grid upgrades and energy-security spending. GE Vernova to Acquire Trench Group
• Positive Sentiment: Analyst support remains favorable: Sanford C. Bernstein reaffirmed an “outperform” rating and assigned a $1,298 price target, signaling continued confidence in GEV’s growth prospects.
• Negative Sentiment: Valuation and execution risks remain: The sizable Trench acquisition could increase integration and capital-allocation risks, while the stock remains well below its 52-week high and trades below its 50-day and 200-day moving averages. Wind-market weakness and tariff uncertainty also remain potential headwinds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GEV. Morgan Stanley cut GE Vernova from an “overweight” rating to an “underweight” rating in a research note on Monday, August 3rd. William Blair reiterated an “outperform” rating on shares of GE Vernova in a report on Monday, August 3rd. Royal Bank Of Canada raised their target price on shares of GE Vernova from $1,195.00 to $1,225.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Guggenheim reaffirmed a “buy” rating and set a $1,450.00 target price on shares of GE Vernova in a research report on Tuesday, October 13th. Finally, TD Cowen upped their price objective on shares of GE Vernova from $1,220.00 to $1,235.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, GE Vernova currently has a consensus rating of “Moderate Buy” and an average price target of $1,164.87.

About GE Vernova

GE Vernova Inc (NYSE: GEV) is an energy technology company focused on helping generate, transmit, store and deliver electricity. The company serves utilities, power producers, grid operators, commercial and industrial customers, and other energy-sector participants worldwide.

Its business is organized around three primary areas: Power, Wind and Electrification. Power provides technologies and services for gas and steam power generation, hydropower, nuclear power and other energy systems.