Companies /Industrials

General Electric Company

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

Q4 2025 Earnings

Reported Jan 22, 2026, 6:38am ET · SEC source
$1.57
Beat +9.79%
EPS · est. $1.43
$12.7B
Beat +48.76%
Revenue · est. $8.5B
+17.4%
Beating market
GE vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−10%−5%0+5%Jan 22Jan 23report 6:38am ETearnings−0.0%−9.8%
−10%−5%0+5%Jan 22Jan 23earnings−0.0%−9.8%
GE −9.8%S&P 500 −0.0%
−10%−5%0+5%Jan 22Jan 23report 6:38am ETearnings+0.2%−9.8%
−10%−5%0+5%Jan 22Jan 23earnings+0.2%−9.8%
GE −9.8%NASDAQ +0.2%
−6%−3%0Jan 21Jan 30report 6:38am ETearnings+0.4%−6.1%
−6%−3%0Jan 21Jan 30earnings+0.4%−6.1%
GE −6.1%S&P 500 +0.4%
−6%−3%0+3%Jan 21Jan 30report 6:38am ETearnings+0.8%−6.1%
−6%−3%0+3%Jan 21Jan 30earnings+0.8%−6.1%
GE −6.1%NASDAQ +0.8%
−7.38%
Day of report
−0.38%
Next session
+1.31%
One week
+17.17%
30 days

S&P 500 over the same 30 days: −0.24%.

Did GE Beat Earnings? Q4 2025 Results

GE Aerospace capped 2025 with a blowout fourth quarter, posting adjusted EPS of $1.57 against a consensus estimate of $1.31, a beat of nearly 19.85%, while revenue of $12.72 billion topped expectations of $8.55 billion by 48.76% and grew 17.6% year over year. The standout driver was Commercial Engines and Services, where Q4 revenue climbed 24% to $9.47 billion, fueled by a 31% surge in services revenue as shop visit volumes rose sharply and material availability from priority suppliers improved more than 40% year over year. Total orders for the quarter reached $27.00 billion, up 74%, reflecting deep and broadening demand across commercial aviation. Free cash flow of $1.76 billion rose 15% with conversion at 106%, underscoring the quality of earnings. Looking ahead, management guided 2026 adjusted EPS of $7.10 to $7.40 and free cash flow of $8.00 billion to $8.40 billion, with continued MRO network investment, including a $500 million LEAP capacity expansion across four global sites, reinforcing confidence in sustained execution.

Key Takeaways
  • CES services revenue up 31% in Q4 driven by higher shop visit volume and workscopes
  • Spare parts revenue up more than 25% as improved material availability supported increased output
  • Material input from priority suppliers increased more than 40% year-over-year in 2025
  • Equipment unit volume up 40% in Q4
  • Record LEAP deliveries up 28% for the full year
  • Full-year defense deliveries up 30% year-over-year
  • Total orders of $27.0B in Q4, up 74% year-over-year

“With a strong fourth quarter, GE Aerospace delivered an outstanding year as revenue grew 21%, EPS was up 38%, and free cash flow conversion exceeded 100%. Our performance demonstrates how FLIGHT DECK is taking hold as we accelerated services and equipment output to fulfill our growing backlog of roughly $190 billion.”

GE Aerospace CEO, on the earnings call

Forward Guidance & Outlook

For full-year 2026, GE Aerospace guided adjusted revenue growth in the low double digits (off a 2025 base of $42.3B), operating profit of $9.85B to $10.25B, adjusted EPS of $7.10 to $7.40, and free cash flow of $8.0B to $8.4B with FCF conversion exceeding 100%. Segment guidance includes CES services revenue growth in the mid-teens and equipment revenue growth in the mid/high-teens, with CES operating profit of $9.6B to $9.9B. DPT revenue is expected to grow mid-single to high-single digits with operating profit of $1.55B to $1.65B. Adjusted corporate and other operating costs are guided at $(1.2)B to $(1.3)B.

GE YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$4.0B$8.0B$12.0B$10.8B$12.7BRevenue$2.6B$2.9BOperating Income$1.9B$2.5BNet Income
$0$4.0B$8.0B$12.0BRevenueOperating IncomeNet Income

GE Revenue by Segment

Commercial Engines & Services$9.5B+24.0%
Defense & Propulsion Technologies$2.8B+13.0%

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