GE Vernova (GEV) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased both sequentially and compared to the same quarter a year earlier. The growth reflects continued positive momentum in the business.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased both sequentially and compared to the same quarter a year earlier. The growth reflects continued positive momentum in the business.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.9B
Revenue reported for this quarter.
Quarter-over-quarter
+8.6%
Change from the immediately preceding quarter.
Year-over-year
+8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$34.4B
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 |
|---|---|---|
| Dec 31, 2023 | $10B | n/a |
| Mar 31, 2024 | $7.3B | +6.4% |
| Jun 30, 2024 | $8.2B | +1.0% |
| Sep 30, 2024 | $8.9B | +8.0% |
Revenue performance
The reported revenue direction was upward, driven by broad-based strength across segments. The company delivered higher revenue than in the immediately preceding quarter and the same quarter one year ago.
Quarterly comparison
Compared to the prior quarter, revenue increased, marking a second consecutive quarter of sequential growth. Versus the same quarter last year, revenue also rose, indicating year-over-year improvement.
What to watch
Monitor whether sequential revenue growth can be sustained in the coming quarters given the volatile industry environment.