Q2 25 EPS
$1.66
BEAT +18.56%
Est. $1.40
Q2 25 Revenue
$11.02B
BEAT +15.97%
Est. $9.51B
vs S&P Since Q2 25
-4.7%
TRAILING MARKET
GE +10.1% vs S&P +14.7%
Market Reaction
Did GE Beat Earnings? Q2 2025 Results
GE Aerospace posted a standout second quarter, with adjusted earnings per share of $1.66 beating the $1.40 consensus estimate by 18.56% and revenue of $11.02 billion topping expectations by 15.97% while climbing 21.2% year over year. The primary driv… Read more GE Aerospace posted a standout second quarter, with adjusted earnings per share of $1.66 beating the $1.40 consensus estimate by 18.56% and revenue of $11.02 billion topping expectations by 15.97% while climbing 21.2% year over year. The primary driver behind the blowout results was the Commercial Engines & Services segment, where revenue surged 30% to $7.99 billion as spare parts demand and shop visit volume lifted services revenue 29% and equipment sales jumped 35% on higher unit deliveries and pricing. Free cash flow nearly doubled to $2.10 billion, up 92% from the prior year, underscoring the operational momentum management has been building through its FLIGHT DECK system. Confidence in the trajectory was evident in the company's upgraded outlook; GE Aerospace now targets 2025 adjusted EPS of $5.60 to $5.80, up from a prior range of $5.10 to $5.45, and raised its 2028 operating profit goal to approximately $11.50 billion, a $1.50 billion step up from the previous framework, with planned shareholder returns increasing to roughly $24.00 billion through 2026.
Key Takeaways
- • CES services revenue up 29% driven by spare parts and internal shop visit revenue
- • CES equipment revenue up 35% from higher unit volume and pricing
- • Supply chain improvements via FLIGHT DECK: material input at priority supplier sites improved 10% sequentially, with suppliers delivering more than 95% of committed volume
- • Total engine units up 45% year-over-year
- • Services volume, productivity, and price driving profit growth, offsetting investments and inflation
- • Orders of $11.7 billion in CES, up 28%
GE YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
GE Revenue by Segment
With YoY comparisons, source: SEC Filings
“The GE Aerospace team delivered an excellent second quarter with free cash flow nearly doubling and more than 20% growth in orders, revenue, operating profit, and EPS. We are raising our 2025 guidance and 2028 outlook, with our operating performance and robust commercial services outlook underpinning our higher revenue, earnings, and cash growth expectations. Our team is using FLIGHT DECK to improve safety, quality, delivery and cost—always in that order—as we strive to provide unrivaled customer service and deliver on our roughly $175 billion backlog.”
— H. Lawrence Culp, Jr., Q2 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% |