Overview
- Q3 GAAP EPS came in at $1.64 versus $1.92 expected, while revenue reached $9.969 billion versus $9.158 billion forecast with organic revenue up 10%.
- Management reaffirmed 2025 guidance for revenue at the high end of $36.0–$37.0 billion, an 8%–9% adjusted EBITDA margin, and $3.0–$3.5 billion in free cash flow.
- Orders and backlog expanded, including Power orders of $7.8 billion (50% organic growth) and Electrification orders of $5.1 billion (102% organic growth), as Wind revenue fell 8% year over year.
- The company agreed to buy Xignux’s remaining 50% of Prolec GE for $5.275 billion, targeting a mid‑2026 close pending approvals, with Prolec projected at ~$3 billion 2025 revenue and an estimated ~$600 million EBITDA contribution in 2026.
- GE Vernova reported $732 million in free cash flow and $7.9 billion in cash, returned $2.4 billion to shareholders year to date, flagged $300–$400 million tariff effects in its outlook, and saw shares fall about 6.8% post‑report.