v3.26.3
CONSOLIDATED STATEMENT OF INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Total revenues $ 12,642 $ 9,969 $ 33,084 $ 27,112
Cost of equipment and services 9,536 8,071 25,837 21,899
Gross profit 3,107 1,897 7,247 5,213
Selling, general, and administrative expenses 1,354 1,221 4,024 3,594
Research and development expenses 358 310 996 832
Operating income (loss) 1,394 366 2,227 787
Interest and other financial income (charges) – net 71 44 171 141
Non-operating benefit income 212 115 465 340
Other income (expense) – net (Note 19) 105 221 4,947 455
Income (loss) before income taxes 1,782 746 7,810 1,723
Provision (benefit) for income taxes (Note 16) 493 293 1,123 514
Net income (loss) 1,289 453 6,687 1,209
Net loss (income) attributable to noncontrolling interests 2 (1) 17 11
Net income (loss) attributable to GE Vernova $ 1,291 $ 452 $ 6,704 $ 1,220
Earnings (loss) per share attributable to GE Vernova (Note 18):        
Basic (in dollars per share) $ 4.86 $ 1.66 $ 25.06 $ 4.47
Diluted (in dollars per share) $ 4.81 $ 1.64 $ 24.81 $ 4.41
Weighted-average number of common shares outstanding:        
Basic (in shares) 266 272 267 273
Diluted (in shares) 268 275 270 277
Equipment        
Total revenues $ 8,340 $ 5,880 $ 20,053 $ 14,971
Cost of equipment and services 6,391 5,165 16,718 13,346
Services        
Total revenues 4,302 4,089 13,031 12,141
Cost of equipment and services $ 3,145 $ 2,906 $ 9,119 $ 8,553