GE Vernova Inc. · GEV · Next earnings

GE Vernova Inc. next earnings report

GEV's next report date is not on the calendar yet. Here is where the last quarter left off and what remains open. Last quarter: GE Vernova Q2 2026: Orders Surge 88%, Backlog Hits $176B, but EPS Miss Weighs on Shares

Date not yet scheduled Industrials

What the street expects

Consensus for the coming report
Consensus EPS $6.22 Analyst average (10 estimates)
Consensus revenue $13.90B Analyst average (12 estimates)
Report date TBD Not yet on the calendar
Session — Session not yet known

Where GEV left off: FY2026 Q2

Full report

GE Vernova Q2 2026: Orders Surge 88%, Backlog Hits $176B, but EPS Miss Weighs on Shares

EPS surprise -22.1% Reported $2.47 vs $3.17
Revenue surprise +2.9% Reported $11.10B vs $10.79B
Stock move -8.7% Event window
Subsequent drift +1.2% Up to 20 sessions

Revenue guidance raised to $45.5-46.5 billion (from $44.5-45.5 billion). Free cash flow guidance raised to $11.5-12.5 billion (from $6.5-7.5 billion). Adjusted EBITDA grew 61% YoY with 340 bps of margin expansion. Guidance sentiment: raised for the second consecutive quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Capacity constraints if automation and labor ramp-up lag behind the 30 GW expansion schedule.
  • Tariff uncertainty and permitting delays affecting U.S. onshore wind orders.
  • Reliance on down-payment timing and slot-reservation conversions for cash flow timing.
  • Service outage cycles for HA turbines could pressure future service revenue.
  • Regulatory approvals and market adoption uncertainty for SMR and solid-state transformer technologies.

Questions analysts left open

  • Timeline and capital intensity of the 30 GW capacity build-out.
  • International demand outlook for gas turbines outside North America.
  • Entitlement and pricing assumptions for data-center electrification solutions.
  • Commercialization timeline for solid-state transformers and MV-UPS.
  • Whether 2026 could represent a peak in gas turbine orders and implications for future growth.

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Recent GEV quarters

All GEV earnings
-8.7%FY2026 Q2+13.7%FY2026 Q1+14.6%FY2025 Q2+2.7%FY2024 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.