GE Aerospace reported strong results for Q2 2025, with total GAAP revenue of $11.0 billion, up 21% year-over-year, and adjusted revenue of $10.2 billion, up 23%.
Adjusted EPS came in at $1.66, a 38% increase, beating the consensus estimate of $1.45.
Operating profit rose 23% to $2.34 billion, and free cash flow nearly doubled to $2.1 billion.
The company raised its 2025 guidance and 2028 outlook, now targeting mid-teens adjusted revenue growth for 2025 and double-digit CAGR through 2028, with 2028 operating profit and free cash flow targets both increased by $1.5 billion from prior guidance.
Commercial Engines & Services saw a 30% revenue jump and a 33% rise in profit, driven by robust services and equipment sales, while Defense & Propulsion Technologies posted 7% revenue growth and 5% profit growth.
GE Aerospace also announced a 20% increase in planned capital returns to shareholders from 2024 to 2026, and expects to return at least 70% of free cash flow via dividends and buybacks beyond 2026.
Major new engine deals and continued operational improvements underpin management’s confidence in sustained growth and higher returns.