General Electric's Vernova Reports Nearly $10 Billion Q3 Revenue, Up 12%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Revenue Growth: General Electric's Vernova reported nearly $10 billion in Q3 revenue, a 12% year-over-year increase, indicating a successful turnaround from losses to profitability, showcasing its recovery potential in the power production sector.
- Backlog Expansion: Vernova's backlog for grid and electrification equipment grew by $6.5 billion to $26 billion over the past year, reflecting increasing global demand for more efficient and environmentally friendly power solutions, thereby enhancing the company's market competitiveness.
- Cloud Computing Surge: Alphabet's cloud computing segment achieved a 33% year-over-year revenue growth in Q3, leading to an 84% increase in operating profits, demonstrating strong performance in the rapidly growing cloud market and expected to attract more enterprise clients.
- Nebius Growth Potential: Nebius Group anticipates a 373% year-over-year revenue increase in 2025, accelerating to over 500% in 2026; despite not being profitable yet, its multi-billion dollar partnership with Microsoft highlights its strong competitive position in AI infrastructure services.
Analyst Views on GE
Wall Street analysts forecast GE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GE is 345.67 USD with a low forecast of 275.00 USD and a high forecast of 386.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
0 Hold
1 Sell
Strong Buy
Current: 319.940
Low
275.00
Averages
345.67
High
386.00
Current: 319.940
Low
275.00
Averages
345.67
High
386.00
About GE
General Electric Company, doing business as GE Aerospace, is a global aerospace propulsion, services, and systems company. The Company has an installed base of approximately 45,000 commercial and 25,000 military aircraft engines. The Company operates through two segments: Commercial Engines & Services and Defense & Propulsion Technologies. The Commercial Engines & Services segment designs, develops, manufactures and services jet engines for commercial airframes, as well as business aviation and aeroderivative applications. Its services include maintenance, repair and overhaul (MRO) of engines and the sale of spare parts and offers services under a variety of arrangements. The Defense & Propulsion Technologies segment provides defense engines and critical aircraft systems and consists of its Defense & Systems and Propulsion & Additive Technologies businesses. Its portfolio of brands includes Avio Aero, Unison, Dowty Propellers and Colibrium Additive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
