Products & Services · Cost of equipment and services
Services — Cost of equipment and services
GE Vernova Services — Cost of equipment and services decreased by 11.7% to $2.84B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.4%, from $2.65B to $2.84B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2023
Last reportedQ1 2026Apr 22, 2026
Rolls up toTotal Cost of Revenue
How to read this metric
An increase relative to revenue suggests margin compression, while a decrease relative to revenue suggests improved operational efficiency.
Detailed definition
Captures the direct costs associated with delivering service contracts and equipment support, including labor, parts, lo...
Peer comparison
Comparable to 'Cost of Services' or 'Cost of Goods Sold' for service-heavy industrial segments.
Metric ID:
gev_segment_services_cost_of_equipment_and_servicesHistorical Data
11 periods
| Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.43B | $2.43B | $2.43B | $2.43B | $2.73B | $3.07B | $2.65B | $3.00B | $2.91B | $3.22B | $2.84B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +12.3% | +12.4% | -13.7% | +13.3% | -3.1% | +10.8% | -11.7% |
| YoY Change | — | — | — | — | +12.3% | +26.3% | — | — | +6.5% | +5.0% | +7.4% |
Range$2.43B – $3.22B
CAGR+6.5%
Avg YoY Growth+11.5%
Median YoY Growth+7.4%
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Frequently Asked Questions
- What is GE Vernova's services — cost of equipment and services?
- GE Vernova (GEV) reported services — cost of equipment and services of $2.84B in Q1 2026.
- How has GE Vernova's services — cost of equipment and services changed year-over-year?
- GE Vernova's services — cost of equipment and services increased by 7.4% year-over-year, from $2.65B to $2.84B.
- What does services — cost of equipment and services mean?
- The total direct expenses incurred to provide maintenance, repairs, and equipment support services.