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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
GE Vernova
GE Vernova (GEV) investor relations material
GE Vernova Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary28 Oct, 2026
Executive summary
Q3 revenue was $12.642B, up 27% reported and 18% organically; orders rose 96% organically to $29.3B and backlog reached $196.721B.
Adjusted EBITDA increased to $1.943B, with a 15.4% margin; stronger margins and cash generation supported higher FY2026 guidance.
Signed an agreement to acquire Trench Group for $9.0B, expanding high-voltage Electrification capabilities; closing is expected in late 2027.
Financial highlights
Q3 revenue was $12.642B versus $10.0B; equipment revenue was $8.340B and services revenue was $4.302B.
Q3 net income was $1.289B versus $453M; operating income was $1.394B versus $366M.
Adjusted EBITDA was $1.943B versus $811M; adjusted EBITDA margin was 15.4% versus 8.1%.
Q3 free cash flow was $5.409B versus $732M, with operating cash flow of $6.057B; 9M free cash flow was $15.307B.
Cash and restricted cash totaled $16.764B at September 30, 2026; Q3 free cash flow included a $5.3B working-capital benefit.
Outlook and guidance
FY2026 revenue guidance rose to $46.5B–$47.5B, adjusted EBITDA margin to 13.5%–14.5%, and free cash flow to $16B–$17B.
Power guidance rose to 19%–21% organic revenue growth and 19%–21% segment EBITDA margin.
Electrification revenue guidance is $14.5B–$15.0B, including ~$3.1B from Prolec GE; margin guidance is 18%–20%, trending toward the high end.
Wind guidance is organic revenue down mid-single digits and segment EBITDA losses of $400M–$500M.
Backlog is expected to exceed $200B in Q4, with at least 130 GW of gas equipment under contract by year-end 2026.
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Latest events from GE Vernova
- Strong demand, innovation, and margin expansion drive growth across power and electrification.GEV
Morgan Stanley's 14th Annual Laguna Conference - Q2 2026 saw record orders, 22% revenue growth, and a $176.3B backlog, driving raised 2026 guidance.GEVQ2 2026
- Backlog growth, electrification, and services expansion drive a long-term global growth cycle.GEVBernstein 42nd Annual Strategic Decisions Conference
- Strong financial growth, strategic acquisitions, and all board proposals approved; sustainability proposal rejected.GEVAGM 2026
- Orders and revenue soared, margins expanded, and 2026 guidance was raised across key metrics.GEVQ1 2026
- Record financial growth, robust governance, and strong ESG focus drive shareholder value.GEVProxy filing
- Key votes include director elections, say-on-pay, auditor ratification, and a sustainability report.GEVProxy filing
- Double-digit growth, margin expansion, and raised outlooks highlight a strong 2025.GEVQ4 2025
- Record 2024 orders, margin expansion, and strong cash flow position for robust 2025 growth.GEVQ4 2024
Next GE Vernova earnings date
Q4 202621 Jan, 2027
GE Vernova
Next GE Vernova earnings date
Q4 202621 Jan, 2027
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Frequently asked questions
GE Vernova Inc., formerly part of General Electric, is a global energy company specializing in the generation, transmission, and use of electric power. The company operates through three main segments: Power, Wind, and Electrification. GE Vernova is involved in the manufacturing and servicing of equipment for hydro, gas, nuclear, and steam power generation, as well as the production of wind turbines. Additionally, it offers solutions in power conversion and energy storage to support the transition to sustainable energy. GE Vernova is headquartered in Cambridge, Massachusetts, and its shares are listed on the New York Stock Exchange.