GE Vernova Reports Q2 2025 Revenue of $9.1 Billion, Net Income Declines to $492 Million

GE Vernova Inc. reported its financial results for the second quarter of 2025, revealing total revenues of $9.1 billion, an increase of 11% from $8.2 billion in the same period last year. The company’s net income for the quarter was $492 million, down from $1.3 billion in the prior year, reflecting a significant decrease attributed to the nonrecurrence of a $0.9 billion pre-tax gain from the sale of a portion of its Steam Power nuclear activities to Electricité de France S.A. (EDF) in 2024. The diluted earnings per share were $1.86, compared to $4.65 in the previous year.

In terms of operational performance, GE Vernova's total assets increased to $53.1 billion as of June 30, 2025, up from $51.5 billion at the end of 2024. The company reported a rise in contract liabilities and deferred income, which increased by $2 billion to $19.6 billion, driven by new collections received in excess of revenue recognition. The company’s remaining performance obligations (RPO) also grew to $128.7 billion, an increase of 11% year-over-year, primarily due to demand in the Power segment, particularly for Gas Power equipment and services.

Strategically, GE Vernova has made significant organizational changes, including the consolidation of its Power Conversion and Solar & Storage Solutions business units into a new unit called Power Conversion & Storage, effective January 1, 2025. The company also continued its stock repurchase program, buying back 5.2 million shares for $1.6 billion during the first half of 2025, as part of a broader $6 billion repurchase authorization announced in December 2024.

Operationally, the company reported a mixed performance across its segments. The Power segment saw revenues increase to $4.8 billion, up from $4.5 billion, while the Wind segment's revenues rose to $2.2 billion from $2.1 billion. However, the Electrification segment experienced a notable increase in revenues to $2.2 billion, up from $1.8 billion, driven by growth in high-voltage direct current solutions and switchgear. The overall segment EBITDA for the second quarter was $770 million, a significant increase from $524 million in the prior year.

Looking ahead, GE Vernova anticipates continued growth driven by increasing demand for electricity generation and the transition to renewable energy sources. The company is focused on leveraging its technological advancements to capitalize on these trends while managing the challenges posed by market conditions and regulatory changes. The outlook remains cautiously optimistic, with expectations for improved operational efficiency and profitability in the coming quarters.