GE Vernova reported third-quarter earnings per share of $4.81, ahead of the $4.03 estimate, on revenue of $12.64 billion versus an expected $11.99 billion. Shares traded at $935.80 before the open, up 4.55% against the prior close of $895.08, giving the company a market value of $238.39 billion.
Source: Trades before the open and in the regular session, against the prior close · as of October 28, 2026 at 7:30 AM ET · Five-minute closes. Extended-hours trading is thin; the price can move a long way before the open.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $4.81 | $4.03 | Beat |
| Revenue | $12.64 billion | $11.99 billion | Beat |
Source: Company earnings report and sell-side analyst consensus estimates · as of October 28, 2026 at 7:30 AM ET · Reported before the open on Wednesday, October 28, 2026.
Against the quarters before
GE Vernova's results against estimates have been mixed over the last four quarters. In the quarter reported July 22, 2026, EPS of $2.47 missed the $3.17 estimate on revenue of $11.10 billion. On April 22, 2026, EPS of $17.44 beat the $1.95 estimate on revenue of $9.34 billion. On January 28, 2026, EPS of $13.39 beat the $2.93 estimate on revenue of $10.96 billion. On October 22, 2025, EPS of $1.64 missed the $1.72 estimate on revenue of $9.97 billion.
The latest quarter marks a beat on both lines, continuing the pattern of sizable swings versus what was expected.
Source: Company earnings reports and the consensus estimates at the time
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| July 22, 2026 | $2.47 | $3.17 | $11.10 billion | Missed |
| April 22, 2026 | $17.44 | $1.95 | $9.34 billion | Beat |
| January 28, 2026 | $13.39 | $2.93 | $10.96 billion | Beat |
| October 22, 2025 | $1.64 | $1.72 | $9.97 billion | Missed |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Shares rose 4.55% to $935.80 before the open, against the prior close of $895.08. The facts do not include direct guidance or management commentary from a credited source for this report.
Traders on X, as summarized by a roundup of public posts, were said to be weighing order activity, gas-turbine demand and backlog conversion ahead of the report more heavily than the headline numbers, and were also watching whether the company's full-year financial targets would be maintained or raised, along with the pace of wind-business production.
| Measure | Value |
|---|---|
| Last close | $895.08 |
| Price | $935.80 |
| Change | +4.55% |
Source: Extended-hours trades against the regular close · as of October 28, 2026 at 7:30 AM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list Howmet Aerospace and Prolec GE as suppliers to GE Vernova, while NRG Energy, Duke Energy, Chevron, American Electric Power, NextEra Energy and the Tennessee Valley Authority are named as customers.
This chain spans both the equipment side, aircraft and electrical components, and the demand side, utilities and an energy producer that buy GE Vernova's power generation and grid equipment, illustrating how its business connects to broader industrial and utility activity.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Howmet Aerospace | Supplier | HWM | -1.22% |
| NRG Energy | Customer | NRG | +1.77% |
| Duke Energy | Customer | DUK | +0.29% |
| Chevron Corporation | Customer | CVX | -1.63% |
| American Electric Power | Customer | AEP | +0.84% |
| NextEra Energy | Customer | NEE | +0.46% |
| Prolec GE | Supplier | Not listed | — |
| TVA | Customer | Not listed | — |
Source: Relationships named in company filings (Earnings call transcript); stock quotes · as of October 28, 2026 at 7:30 AM ET · Named in filings; a neighbour's move is not evidence of a link to this report.