GE Vernova Company Profile
A filing-grounded profile for power generation, electrification equipment, and the disclosure path from broad energy demand to measurable data-center order evidence.
GE Vernova separated from GE on April 2, 2024. Historical rows before the separation are combined/carve-out history, not seamless standalone public-company history.
Company profile
Company Profile: GE Vernova
Role: Power generation and electrification equipment supplier where AI/data-center power demand can become visible through orders, backlog, and disclosure precision.
Built from GE Vernova Form 10-K filings and earnings-release exhibits using the CM Terminal Analytics methodology.
FY2025 highlights
Revenue
$38,068.0M
Gross Margin
19.79%
Operating Margin
3.65%
R&D Intensity
3.14%
CapEx Intensity
3.35%
Annual filing view
| Fiscal Year | Revenue | Gross Margin | Operating Margin | R&D Intensity | CapEx Intensity | Reporting basis |
|---|---|---|---|---|---|---|
| 2022 | $29,654.0M | 11.66% | -9.72% | 3.30% | 1.73% | Pre-spinoff combined / carve-out |
| 2023 | $33,239.0M | 14.49% | -2.78% | 2.70% | 2.24% | Pre-spinoff combined / carve-out |
| 2024 | $34,935.0M | 17.42% | 1.35% | 2.81% | 2.53% | Transition year: consolidated + combined |
| 2025 | $38,068.0M | 19.79% | 3.65% | 3.14% | 3.35% | Standalone public-company basis |
GE Vernova Revenue and Operating Margin
Annual issuer revenue and operating margin from filing-backed rows. For GE Vernova, the basis changes at the spinoff boundary and should not be read as seamless standalone history.
Disclosure precision
When data-center demand became quantified
In the reviewed GEV window, orders and backlog were quantified before data-center attribution was. The 1Q26 release is the first reviewed period here that attaches a dollar value to data-center equipment orders.
Latest period
1Q26
Data-center orders
$2,400.0M
Gas backlog + slots
100 GW
| Period | Precision | Orders | Backlog growth | Gas backlog + slots | Evidence note |
|---|---|---|---|---|---|
| 3Q24 | not mentioned | $9,400.0M | — | — | Broad power-equipment demand is visible; AI/data-center exposure is not visible in this period's release. |
| 4Q24 | not mentioned | $13,200.0M | — | — | The release quantified orders and described equipment backlog, but did not connect the period to data-center demand. |
| 1Q25 | not mentioned | $10,200.0M | $4,400.0M | 50 GW | Backlog and slot reservation pressure became highly visible, but the disclosure still framed demand broadly around Power and services rather than data centers. |
| 2Q25 | not mentioned | $12,400.0M | $5,200.0M | 55 GW | The bottleneck signal strengthened, but the company still did not quantify data-center exposure in the release. |
| 3Q25 | not mentioned | $14,600.0M | $6,600.0M | 62 GW | Orders and backlog accelerated, but the release still did not isolate data-center exposure. |
| 4Q25 | not mentioned | $22,200.0M | $15,000.0M | 83 GW | The order/backlog pressure was large and quantified, but still not attributed to data centers in the release. |
| 1Q26 | partially quantified | $18,300.0M | $13,000.0M | 100 GW | This is the first reviewed GEV release in the window with a quantified data-center order figure. It is still partial: it is an Electrification equipment order figure, not a company-wide AI revenue split. |
Disclosure Precision Timeline
The score tracks how precisely each issuer ties AI/data-center demand to orders, backlog, or financial metrics. It measures disclosure precision, not causality.
0 Not mentioned
1 Qualitative
2 Partially quantified
3 Fully quantified split
Analytical difficulty
What this profile can show
GE Vernova can show whether power and electrification equipment demand becomes visible in orders, backlog, margin, and company-defined data-center disclosure.
What this profile cannot isolate
It cannot prove that GEV backlog growth is AI-driven. Power, electrification, grid, industrial, services, Prolec GE, and generation demand are mixed. FY2022-FY2023 are pre-spinoff combined/carve-out rows, and FY2024 is a transition year, so those rows are not fully comparable with FY2025 standalone public-company reporting.
Main unresolved bridge
The unresolved bridge is whether quantified data-center equipment orders become recurring segment economics, or remain one disclosed component inside a broader electrification and power-equipment cycle.
Reference
Source & Methodology
Annual financial rows use GE Vernova Form 10-K filings. Disclosure-precision rows use earnings-release exhibits filed with Form 8-K. Source rules and the precision scale are documented in Analytics Methodology & Data Policy.
Annual filing basis
FY2022-FY2023 use pre-spinoff combined/carve-out history from GE records. FY2024 is a transition-year consolidated and combined row. FY2025 is standalone public-company basis.
Disclosure precision basis
The precision score records what the issuer disclosed, not what caused the order or backlog change. Missing AI/data-center attribution is treated as a finding, not filled with inference.
This is descriptive business analysis based on public filings. It does not provide investment advice, valuation targets, or trading recommendations.