GE
GE Aerospace298.73
-2.25-0.75%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms outlook; details CFM tailwinds
Q&A largely reaffirms prepared remarks' strong aftermarket outlook, adding granularity without contradictions. Management confirmed LEAP original equipment turns profitable in 2026, while CFM56 retirements trended lower at 2% versus prior 2-3% view, steadying shop visits at 2,300-2,400 through 2028. GE9X losses double year-over-year to offset services gains, keeping CES margins flat. Supply chain delinquency halved; Q1 revenue eyes high-teens growth. No pauses in momentum. Analysts probed margins and ramps—answered directly, confidently. Watch supply chain execution for LEAP output targets.
Key Stats
Market Cap
316.79BP/E (TTM)
39.99Basic EPS (TTM)
7.47Dividend Yield
0%Recent Filings
10-K
FY2025 results
GE Aerospace delivered FY2025 revenue of $45.9B, up 18% y/y, with equipment up to $12.2B and services surging 21% to $30.2B on higher shop visits and spares; net income hit $8.6B, or $8.05 diluted EPS. CES drove 73% of revenue with $33.3B (up 24% y/y), 26.6% margins, and 1,802 LEAP deliveries amid supply gains, while DPT added $10.6B (up 11%). Free cash flow strengthened to $7.7B; $7.4B buybacks trimmed shares, debt ticked to $20.5B. Q4 accelerated aftermarket output quarter-over-quarter via FLIGHT DECK. Supply chain constraints linger.
8-K
GE Aerospace smashes 2025 targets
GE Aerospace crushed 2025 with adjusted revenue up 21% to $42.3B, adjusted EPS soaring 38% to $6.37, and free cash flow hitting $7.7B at 113% conversion. Orders exploded 74% to $27B in Q4, fueled by services and equipment ramps amid a $190B backlog. Momentum rolls into 2026: adjusted EPS $7.10-$7.40, FCF $8.0B-$8.4B. Execution trumps inflation.
8-K
Ali leads expanded CES team
GE Aerospace named Mohamed Ali President and CEO of an expanded Commercial Engines and Services team effective February 1, 2026, merging lifecycle management with technology, operations, supply chain, and aftermarket. Current leader Russell Stokes shifts to advisor before retiring July 31, 2026, with prorated bonus and accelerated vesting. Leadership realigns for agility. Jason Tonich steps up as Chief Commercial Sales & Customer Officer.
10-Q
Q3 FY2025 results
GE Aerospace posted Q3 revenue of $12.2B, up 24% y/y, with equipment up on engine deliveries and services surging from shop visits and spares; segment profit hit $2.8B, profit margin 20.7%. Commercial Engines & Services revenue jumped 27% y/y to $8.9B (27.4% margin), Defense & Propulsion Technologies up 26% y/y to $2.8B (13.6% margin). Diluted continuing EPS $2.04 on 1.065B shares. Cash swelled to $12.5B, FCF $5.9B YTD, total debt $20.8B with $3B revolver undrawn; issued $2B notes in July. Buybacks chewed $5.4B YTD. RPO climbed 3% to $176B. Supply chain snags linger.
8-K
Q3 beat, guidance raised
GE Aerospace crushed Q3 with adjusted revenue up 26% to $11.3B, adjusted EPS soaring 44% to $1.66, and free cash flow jumping 30% to $2.4B, fueled by 28% services growth and record LEAP deliveries. Strong year-to-date momentum prompted across-the-board 2025 guidance hikes: high-teens adjusted revenue growth, $6.00-$6.20 adjusted EPS, $7.1-$7.3B FCF. Results beat expectations.
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