Companies /Industrials

General Electric Company

NYSE: GE Aerospace & Defense
$323.66
▼ $0.49 (−0.15%) today
Markets closed · 6:55am ET

Q3 2025 Earnings

Reported Oct 21, 2025, 6:23am ET · SEC source
$1.66
Beat +12.93%
EPS · est. $1.47
$12.2B
Beat +17.04%
Revenue · est. $10.4B
−2.4%
Trailing market
GE vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%−2%0Oct 21Oct 22report 6:23am ETearnings−0.5%−4.7%
−4%−2%0Oct 21Oct 22earnings−0.5%−4.7%
GE −4.7%S&P 500 −0.5%
−4%−2%0Oct 21Oct 22report 6:23am ETearnings−0.9%−4.7%
−4%−2%0Oct 21Oct 22earnings−0.9%−4.7%
GE −4.7%NASDAQ −0.9%
−2%0+2%Oct 20Oct 29report 6:23am ETearnings+2.6%+0.6%
−2%0+2%Oct 20Oct 29earnings+2.6%+0.6%
GE +0.6%S&P 500 +2.6%
−3%0+3%Oct 20Oct 29report 6:23am ETearnings+4.0%+0.6%
−3%0+3%Oct 20Oct 29earnings+4.0%+0.6%
GE +0.6%NASDAQ +4.0%
+1.31%
Day of report
−2.85%
Next session
+1.03%
One week
−5.22%
30 days

S&P 500 over the same 30 days: −2.79%.

Did GE Beat Earnings? Q3 2025 Results

GE Aerospace delivered a blowout third quarter, posting adjusted earnings per share of $1.66, beating the $1.47 consensus estimate by 13.01%, while revenue of $12.18 billion topped expectations by 17.04% and grew 23.8% year over year. The standout performance was fueled primarily by record LEAP engine deliveries, which climbed 40% year over year, alongside total commercial engine deliveries rising 33% and defense deliveries surging 83%, collectively powering the Commercial Engines and Services segment to $8.88 billion in revenue and margins expanding 170 basis points to 27.4%. Free cash flow of $2.36 billion grew 30%, representing 134% conversion. The strong operational execution prompted management to raise full-year 2025 guidance across every key metric, with adjusted EPS now expected at $6.00 to $6.20, up from a prior range of $5.60 to $5.80, and free cash flow guided to $7.10 to $7.30 billion. The results stand in contrast to pressures seen elsewhere in the broader industrial sector, where tariff headwinds have weighed on peer profitability.

Key Takeaways
  • Services revenue growth of 28% in CES, with internal shop visit revenue up 33% and spare parts up over 25%
  • Record LEAP deliveries up 40% year-over-year; total commercial engine deliveries up 33%
  • Defense deliveries up 83% year-over-year
  • Material input from priority suppliers increased more than 35% year-over-year
  • Favorable pricing across both segments
  • FLIGHT DECK lean operating model driving continuous operational improvement

“GE Aerospace delivered an exceptional quarter with revenue up 26%, EPS up 44%, and more than 130% free cash flow conversion. Given the strength of our year-to-date results and our expectations for the fourth quarter, we're raising our full-year guidance across the board.”

GE Aerospace CEO, on the earnings call

Forward Guidance & Outlook

GE Aerospace raised its full-year 2025 guidance across all key metrics. Adjusted revenue growth is now expected at high-teens (up from mid-teens prior). Operating profit is now expected at $8.65B–$8.85B (up from $8.2B–$8.5B). Adjusted EPS is now guided to $6.00–$6.20 (up from $5.60–$5.80). Free cash flow is now expected at $7.1B–$7.3B (up from $6.5B–$6.9B), with FCF conversion above 100%. CES revenue growth is now expected at low twenties (up from high-teens), with services revenue expected to grow low- to mid-twenties. CES operating profit is expected at $8.45B–$8.65B (up from $8.0B–$8.2B). DPT revenue growth is now expected at high-single-digits (up from mid-to-high-single-digits), with operating profit of $1.2B–$1.3B (up from $1.1B–$1.3B).

GE YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$4.0B$8.0B$12.0B$9.8B$12.2BRevenue$1.2B$2.5BOperating Income$1.9B$2.2BNet Income
$0$4.0B$8.0B$12.0BRevenueOperating IncomeNet Income

GE Revenue by Segment

Commercial Engines & Services$8.9B+27.0%
Defense & Propulsion Technologies$2.8B+26.0%

Figures from SEC filings and company reports. Not investment advice.