v3.26.1
CONSOLIDATED STATEMENT OF INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Total revenues $ 11,104 $ 9,111 $ 20,442 $ 17,143
Cost of equipment and services 8,744 7,266 16,302 13,828
Gross profit 2,360 1,846 4,140 3,316
Selling, general, and administrative expenses 1,372 1,185 2,670 2,373
Research and development expenses 334 282 638 521
Operating income (loss) 653 378 833 421
Interest and other financial income (charges) – net 73 42 100 97
Non-operating benefit income 119 110 253 225
Other income (expense) – net (Note 19) 80 115 4,842 234
Income (loss) before income taxes 925 645 6,028 977
Provision (benefit) for income taxes (Note 16) 276 153 630 221
Net income (loss) 649 492 5,398 756
Net loss (income) attributable to noncontrolling interests 19 22 15 12
Net income (loss) attributable to GE Vernova $ 668 $ 514 $ 5,413 $ 768
Earnings (loss) per share attributable to GE Vernova (Note 18):        
Basic (in dollars per share) $ 2.49 $ 1.89 $ 20.17 $ 2.80
Diluted (in dollars per share) $ 2.47 $ 1.86 $ 19.96 $ 2.77
Weighted-average number of common shares outstanding:        
Basic (in shares) 268 272 268 274
Diluted (in shares) 270 276 271 278
Equipment        
Total revenues $ 6,459 $ 4,894 $ 11,713 $ 9,091
Cost of equipment and services 5,613 4,265 10,328 8,181
Services        
Total revenues 4,645 4,217 8,729 8,052
Cost of equipment and services $ 3,130 $ 3,000 $ 5,974 $ 5,647