GE Vernova (NYSE:GEV) Releases Earnings Results, Beats Expectations By $10.40 EPS

Posted by Doug Wharley on Jan 28th, 2026

GE Vernova (NYSE:GEV – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $13.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $10.40, FiscalAI reports. The business had revenue of $10.96 billion during the quarter, compared to the consensus estimate of $10.21 billion. GE Vernova had a net margin of 4.52% and a return on equity of 17.07%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 EPS.

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

GE Vernova booked $59 billion of orders in 2025 and finished the year with a $150 billion backlog (up ~25%), with gas power slot reservations up to 83 GW and a goal of ~100 GW by end‑2026.
The company raised 2026 guidance (now $44–45B revenue and 11–13% adjusted EBITDA margin), will close the Prolec GE acquisition Feb 2 (included in guidance), doubled the dividend for 2026, and increased the buyback authorization to $10 billion.
Management emphasized margin expansion and operational ramp‑up — adding $8 billion of equipment backlog margin dollars in 2025, targeting ~20 GW annual gas turbine capacity by mid‑2026, and generating $3.7 billion of free cash flow in 2025.
Wind remains a near‑term headwind after the U.S. offshore stop‑work order, driving roughly $600 million of 2025 wind losses, an expected Q1 2026 wind loss of $300–400 million, and a potential ~$250 million revenue hit if remaining Vineyard Wind turbines cannot be installed by March.

GE Vernova Stock Up 0.9%

Shares of NYSE GEV traded up $6.37 during mid-day trading on Wednesday, reaching $699.07. 2,850,863 shares of the company were exchanged, compared to its average volume of 3,066,678. GE Vernova has a 52 week low of $252.25 and a 52 week high of $731.00. The stock has a market capitalization of $189.67 billion, a PE ratio of 113.72, a PEG ratio of 2.83 and a beta of 1.67. The company’s 50 day moving average price is $643.71 and its 200 day moving average price is $619.78.

GE Vernova Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 2nd. Investors of record on Monday, January 5th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from GE Vernova’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, January 5th. GE Vernova’s dividend payout ratio (DPR) is 32.57%.

Institutional Investors Weigh In On GE Vernova

Hedge funds have recently bought and sold shares of the business. State Street Corp raised its holdings in GE Vernova by 1.3% in the 3rd quarter. State Street Corp now owns 11,238,278 shares of the company’s stock worth $6,910,417,000 after acquiring an additional 140,500 shares during the last quarter. Northern Trust Corp boosted its stake in shares of GE Vernova by 1.8% in the third quarter. Northern Trust Corp now owns 2,877,458 shares of the company’s stock worth $1,769,349,000 after acquiring an additional 51,738 shares during the period. Amundi raised its position in shares of GE Vernova by 0.9% during the third quarter. Amundi now owns 1,371,319 shares of the company’s stock valued at $827,207,000 after buying an additional 11,864 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of GE Vernova by 12.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,158,362 shares of the company’s stock valued at $700,566,000 after acquiring an additional 129,848 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in GE Vernova by 66.0% during the second quarter. Raymond James Financial Inc. now owns 944,567 shares of the company’s stock worth $499,817,000 after acquiring an additional 375,677 shares during the last quarter.

Key GE Vernova News

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

Positive Sentiment: Huge earnings and revenue beat — Q4 EPS was $13.39 vs. roughly $3 expected and revenue of $10.96B topped estimates; management highlighted margin expansion and stronger cash generation, which underpins the stock rally. GE Vernova (GEV) Surpasses Q4 Earnings and Revenue Estimates
Positive Sentiment: Company raised its outlook and flagged continued strong demand — management lifted FY guidance and cited robust demand for electrification and electric‑grid equipment, which supports revenue visibility and multiple expansion. GE Vernova’s stock jumps as demand for electric-grid equipment fuels a raised outlook
Positive Sentiment: Large backlog and shareholder return move — management touted a ~$150B backlog and announced a dividend that was doubled, signaling confidence in forward cash flow and boosting investor sentiment. GE Vernova Flaunts $150 Billion Backlog, Doubles Dividend
Neutral Sentiment: Analyst coverage and positioning — brokers have adjusted forecasts ahead of and after the print (average rating around “Moderate Buy”), and option/whale activity has been noted; this increases liquidity and attention but outcomes depend on guidance details. GE Vernova Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate Analysts
Negative Sentiment: Market headwinds and policy/oversupply concerns — some analysts warn about regional oversupply in power markets and policy proposals (e.g., PJM auction changes) that could pressure future orders or pricing in parts of the business. Mixed analyst sentiment on GE Vernova (GEV) amid oversupply concerns and PJM emergency auction proposal
Negative Sentiment: Some market commentators urge caution on valuation — high P/E and rapid share gains have prompted warnings (e.g., calls for better entry points), which could cap near‑term upside if investors rotate out. Jim Cramer on GE Vernova: “I think you need a better entry point”

Wall Street Analysts Forecast Growth

Several research firms have issued reports on GEV. Jefferies Financial Group set a $830.00 price objective on shares of GE Vernova in a research note on Monday, December 22nd. China Renaissance began coverage on shares of GE Vernova in a research report on Wednesday. They set a “buy” rating and a $966.00 price objective for the company. Bank of America raised their price target on shares of GE Vernova from $725.00 to $804.00 and gave the stock a “buy” rating in a report on Wednesday, December 10th. Evercore ISI assumed coverage on GE Vernova in a report on Monday, December 15th. They set an “outperform” rating and a $860.00 target price on the stock. Finally, BMO Capital Markets increased their target price on shares of GE Vernova from $710.00 to $780.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $711.22.

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GE Vernova Company Profile

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GE Vernova is the energy-focused company formed from the energy businesses of General Electric and operates as a publicly listed entity on the NYSE under the ticker GEV. It is organized to design, manufacture and service equipment and systems used across the power generation and energy transition value chain, bringing together legacy capabilities in conventional power, renewables and grid technologies under a single corporate platform.

The company’s offerings span large-scale power-generation equipment such as gas and steam turbines and associated generators and controls, as well as renewable energy technologies including onshore and offshore wind platforms and hydro solutions.