Oct 28, 6:16 AM ET
GE Vernova Inc. reported third-quarter 2026 revenue of $12.6 billion and net income of $1.3 billion, driven by strength in its Power and Electrification segments. Based on strong performance and growing infrastructure demand, the company raised its full-year 2026 financial guidance and increased its share repurchase authorization to $20 billion.
- Third-quarter 2026 orders reached $29 billion, representing a 96% organic increase.
- Raised 2026 revenue guidance to $46.5-$47.5 billion and free cash flow guidance to $16-$17 billion.
- Board of Directors increased the share repurchase authorization from $10 billion to $20 billion in October 2026.
Read the filing on SEC.gov ↗
Aug 27, 4:20 PM ET
GE Vernova said CFO Kenneth Parks will retire on April 2, 2027, and that Claire McDonough, currently CFO of Rivian Automotive, will become CFO effective January 1, 2027. McDonough joins as a strategic advisor on November 1, 2026, ahead of taking the role, which is a planned succession that shareholders may watch for continuity in financial leadership.
- Kenneth Parks, CFO, will retire on April 2, 2027, and serve as strategic advisor to CEO Scott Strazik from January 1, 2027 until then.
- Claire McDonough, 45, becomes CFO effective January 1, 2027; she joins as strategic advisor on November 1, 2026.
- McDonough's offer includes $1,000,000 base salary, a 100% target annual incentive, a $5,225,000 target LTIP grant expected in 2027, a $14,500,000 make-whole LTIP award, and a $5,000,000 cash sign-on payment.
- The filing says full agreements will be filed with the Form 10-Q for the quarter ending September 30, 2026.
Read the filing on SEC.gov ↗
Jul 22, 6:25 AM ET
GE Vernova reported second-quarter 2026 revenue of $11.1 billion, up 22% from a year earlier, and net income of $649 million, up from $492 million. Diluted EPS was $2.47 versus $1.86, and the company raised its full-year 2026 revenue and free cash flow guidance, which benefits shareholders if the outlook holds.
- Q2 2026 revenue of $11.1 billion, up 22% (12% organically); net income $649 million vs. $492 million; diluted EPS $2.47 vs. $1.86
- 2026 revenue guidance raised to $45.5-$46.5 billion from $44.5-$45.5 billion
- 2026 free cash flow guidance raised to $11.5-$12.5 billion from $6.5-$7.5 billion
- Wind segment revenue fell 10% to $2.0 billion and its EBITDA loss widened to $275 million
Read the filing on SEC.gov ↗
Apr 22, 6:25 AM ET
GE Vernova reported first-quarter 2026 revenue of $9.3 billion, up 16%, and net income of $4.7 billion, which includes $4.5 billion in pre-tax gains on business interests, mainly from acquiring the remaining 50% of Prolec GE. The company raised its 2026 guidance for revenue, adjusted EBITDA margin and free cash flow. Shareholders get higher guidance and profit growth, but the Wind segment lost money and the reported net income is boosted by acquisition gains.
- Q1 2026 revenue was $9.3 billion, up 16% (7% organically); diluted EPS was $17.44 versus $0.91 a year earlier
- Net income of $4.7 billion includes $4.5 billion in pre-tax gains on business interests, primarily from Prolec GE
- 2026 guidance raised: revenue $44.5-$45.5 billion (from $44-$45 billion), adjusted EBITDA margin 12%-14% (from 11%-13%), free cash flow $6.5-$7.5 billion (from $5.0-$5.5 billion)
- Wind segment revenue fell 23% to $1.4 billion, with a segment EBITDA loss of $382 million
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.