Q1 25 EPS
$1.49
BEAT +17.33%
Est. $1.27
Q1 25 Revenue
$9.94B
BEAT +9.81%
Est. $9.05B
vs S&P Since Q1 25
+18.3%
BEATING MARKET
GE +55.0% vs S&P +36.7%
Market Reaction
Did GE Beat Earnings? Q1 2025 Results
GE Aerospace delivered a standout first quarter in 2025, posting adjusted EPS of $1.49 and beating the $1.27 consensus estimate by 17.33%, while revenue of $9.94 billion topped expectations by 9.81% and rose 10.9% year-over-year. The primary engine o… Read more GE Aerospace delivered a standout first quarter in 2025, posting adjusted EPS of $1.49 and beating the $1.27 consensus estimate by 17.33%, while revenue of $9.94 billion topped expectations by 9.81% and rose 10.9% year-over-year. The primary engine of outperformance was the Commercial Engines and Services segment, where services revenue surged on more than 20% growth in spare parts and 11% growth in internal shop visits, pushing segment operating profit up 35% to $1.92 billion and lifting company-wide non-GAAP operating margins by 460 basis points to 23.8%. Total orders climbed 12% to $12.30 billion, and the commercial services backlog exceeded $140 billion, underscoring durable demand even as tariff headwinds weigh on the broader aerospace supply chain. Despite updating its assumptions to reflect those tariff impacts and trimming departure growth expectations to low-single-digits, GE Aerospace held its full-year guidance intact, projecting adjusted EPS of $5.10 to $5.45 and free cash flow of $6.30 to $6.80 billion.
Key Takeaways
- • Commercial services revenue growth of 17% in CES driven by more than 20% growth in spare parts and 11% internal shop visit revenue growth
- • 8% sequential increase in material inputs from priority suppliers through FLIGHT DECK operational system
- • Services volume, mix, and price improvements more than offset inflation and investments
- • Defense segment benefited from customer mix, productivity, and price improvements
GE YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
GE Revenue by Segment
With YoY comparisons, source: SEC Filings
“GE Aerospace had a strong start to 2025 with orders and revenue up double digits, driven by commercial services, and adjusted EPS up 60%. We continue to drive improvements through FLIGHT DECK, tackling supply chain constraints head on to accelerate deliveries throughout 2025.”
— H. Lawrence Culp, Jr., Q1 2025 Earnings Press Release
GE Earnings Trends
GE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GE EPS Trend
Earnings per share: estimate vs actual
GE Revenue Trend
Quarterly revenue: estimate vs actual
GE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.86 | — | $12.39B | +15.66% |
| Q4 25 BEAT FY | $1.31 | $1.57 | +19.85% | $12.72B | +48.76% |
| FY Full Year | $6.24 | $6.37 | +2.16% | $45.86B | +9.90% |
| Q3 25 BEAT | $1.47 | $1.66 | +13.01% | $12.18B | +17.04% |
| Q2 25 BEAT | $1.40 | $1.66 | +18.56% | $11.02B | +15.97% |
| Q1 25 BEAT | $1.27 | $1.49 | +17.33% | $9.94B | +9.81% |