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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Nicole DeBlase | Deutsche Bank | 7 questions · 0% challenging |
| Joe Ritchie | Goldman Sachs | 7 questions · 0% challenging |
| Andy Kaplowitz | Citigroup | 6 questions · 0% challenging |
| Julian Mitchell | Barclays | 6 questions · 17% challenging |
| Mark Strouse | JPMorgan | 6 questions · 0% challenging |
| Nigel Coe | Wolfe Research | 5 questions · 0% challenging |
| David Arcaro | Morgan Stanley | 4 questions · 0% challenging |
| Andrew Obin | Bank of America | 4 questions · 25% challenging |
| Chris Dendrinos | RBC Capital Markets | 4 questions · 0% challenging |
| Julien Dumoulin-Smith | Jefferies | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 analyst | 7 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 7 questions · 0% challenging |
| Barclays | 1 analyst | 6 questions · 17% challenging |
| Morgan Stanley | 2 analysts | 6 questions · 0% challenging |
| Citigroup | 1 analyst | 6 questions · 0% challenging |
| JPMorgan | 1 analyst | 6 questions · 0% challenging |
| Wolfe Research | 1 analyst | 5 questions · 0% challenging |
| RBC Capital Markets | 1 analyst | 4 questions · 0% challenging |
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Revenue grew 7% with EBITDA surging 87% to $896 million as GE Vernova delivered $4.8 billion in Q1 free cash flow, meaningfully exceeding full-year FY2025 FCF. Gas power demand acceleration, electrification segment breakout growth, and the Prolec acquisition drove broad-based strength. Management raised FY2026 EBITDA margin guidance to 12-14% on revenue of $44.5-$45.5 billion, a meaningful uplift.
Demand | Pricing | Capex Investment | Margin | Revenue Growth | Guidance Reliability | Innovation & R&D | Cloud & AI | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 3 | 1 | 2 | 1 | 1 | ||
| 2025Q1 | 6 | 1 | 1 | 2 | 2 | 2 | ||
| 2025Q2 | 4 | 2 | 1 | 3 | 3 | 2 | ||
| 2025Q3 | 7 | 4 | 6 | 3 | 1 | 1 | ||
| 2025Q4 | 6 | 3 | 3 | 1 | 1 | |||
| 2026Q1 | 4 | 2 | 2 | 1 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 5 | 6 | 4 | 7 | 6 | 4 |
| Pricing | 3 | 1 | 2 | 4 | 3 | 2 |
| Capex Investment | 1 | 1 | 1 | 6 | 2 | |
| Margin | 2 | 3 | 3 | 3 | ||
| Revenue Growth | 2 | 3 | 1 | |||
| Guidance Reliability | 1 | 2 | 1 | 1 | ||
| Innovation & R&D | 1 | 2 | 1 | 1 | ||
| Cloud & AI | 2 | 1 | 2 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $10.56B | +5.1% | $1.73 | +395.7% | 20.1% | 5.6% | 4.6% | $571M |
| FY2025 Q1 | $8.04B | +10.8% | $0.91 | +289.6% | 18.9% | 0.9% | 3.2% | $975M |
| FY2025 Q2 | $9.11B | +11.1% | $1.86 | -60.0% | 20.3% | 4.1% | 5.6% | $194M |
| FY2025 Q3 | $9.97B | +11.8% | $1.64 | +568.6% | 19.0% | 3.7% | 4.5% | $733M |
| FY2025 Q4 | $10.96B | +3.8% | $13.28 | +667.6% | 21.2% | 5.5% | 33.4% | $1.81B |
| FY2026 Q1Selected | $9.34B | +16.1% | $17.44 | +1816.5% | 19.1% | 1.9% | 50.8% | $4.79B |
| FY2026 Q2 | $11.10B | +21.9% | $2.47 | +32.8% | 21.3% | 5.9% | 6.0% | $5.11B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 22, 2026
FY2026 Q1 in brief
Revenue grew 7% with EBITDA surging 87% to $896 million as GE Vernova delivered $4.8 billion in Q1 free cash flow, meaningfully exceeding full-year FY2025 FCF.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for GE Vernova (GEV), FY2026 Q1: 9/10. Scores: GE Vernova’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: GEV daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What GEV and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“just looking at some of the things TVA has done with like GE Hitachi and some of the other nuclear development programs”
An analyst cited GE Hitachi's incremental, non-fixed-price-PPA nuclear development approach with TVA as a reference point, underscoring that GE Vernova's GE Hitachi is a competing SMR vendor engaged with the same prospective customer.
“we're most active with Mitsubishi and GE on the supply.”
AEP names GE Vernova as one of its most active gas-turbine suppliers for its generation build-out, implying continued turbine order demand at GE Vernova's power business.
GAAP revenue YoY +16.1% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
“GEV had some really strong orders though. I know they raised their expectations on inbound 110 gigawatts from 100, so obviously, some good things happening in power.”
An analyst cites GE Vernova's strong power-equipment orders (raised to 110 GW) as a signal confirming accelerating gas-fired power demand relevant to EQT.
“Some of the big players in that space, GE Vernova of the world are growing strong double digits in transmission -- grid transmission.”
An analyst benchmarks Hubbell's grid transmission growth against GE Vernova, which is growing strong double digits in the same market.
“I recently announced alliances with GE Vernova and NextEra and strategic agreements with Tier 1 EPC firms”
Xcel announced a supply alliance with GE Vernova to secure generation equipment for its capital plan.
“The first turbine secured under our framework agreement with GE Vernova are being built, with the turbines for the first Person County combined cycle project expected to be delivered in the second half of this year.”
GE Vernova is supplying turbines under a framework agreement for Duke's gas generation build, with first deliveries expected in the second half of the year.
“Our partnership with GE and Kiewit gives us construction capability, equipment access and execution readiness that most companies in the space are still trying to establish.”
NRG's partnership with GE (Vernova) provides gas turbine equipment access for new generation development, a signal for GE Vernova's turbine order pipeline.
“We also sold an additional ownership stake in our China XD Grid business and our interest in a merchant transmission facility, which together resulted in approximately $300 million of pretax proceeds.”
GE Vernova divested an additional stake in its China XD Grid business as part of portfolio simplification, generating pretax proceeds.
“we continue to work with TVA and the Nuclear Regulatory Commission, and we expect the NRC to issue the license to construct for Clinch River in Tennessee as soon as 2026.”
The Tennessee Valley Authority is GE Vernova's SMR customer for Clinch River; NRC construction license expected as soon as 2026.
“operational progress in Canada on Unit 1 of the SMR project at OPG’s Darlington site.”
Ontario Power Generation (OPG) is GE Vernova's SMR customer at Darlington, the first SMR under construction in North America; basemat installation beginning.
“we completed the acquisition of the remaining 50% ownership stake of Prolec for $5.3 billion.”
GE Vernova completed buying the remaining 50% of Prolec for $5.3B, expanding transformer manufacturing capacity amid strong grid/data-center demand.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
GEV GE Vernova | 9 | +16.1% | |
| CEG Constellation Energy | 8 | +63.9% |