GE Vernova (GEV) Revenue — Quarter Ended Mar 31, 2024
Revenue decreased sharply from the prior quarter but increased compared to the same period last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue decreased sharply from the prior quarter but increased compared to the same period last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$7.3B
Revenue reported for this quarter.
Quarter-over-quarter
-27.7%
Change from the immediately preceding quarter.
Year-over-year
+6.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$33.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $8.1B | n/a |
| Sep 30, 2023 | $8.3B | n/a |
| Dec 31, 2023 | $10B | n/a |
| Mar 31, 2024 | $7.3B | +6.4% |
Revenue performance
Sequential revenue fell significantly, while year-over-year revenue showed an increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined. Versus the same quarter one year earlier, revenue rose.
What to watch
Monitor whether the sequential revenue decline persists in upcoming quarters.