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GENERAL ELECTRIC CO 8-K Report, Financial Results (Jul 17, 2025)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed July 17, 2025
Period End
July 17, 2025
Security
GE
In the record · 2016–202610-K1110-Q348-K179

GE filed 11 annual reports (10-K), 34 quarterly reports (10-Q) and 179 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Feb ’19Feb ’19
  2. Auditor change8-K · Feb ’21Feb ’21
  3. Deal closed8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Sep ’26Sep ’26

01—Abstract

Summary

Summary of the 8-K filed July 17, 2025. Cited figures are marked; the original filing is the authoritative source.

GE Aerospace (NYSE: GE) reported second-quarter 2025 results on July 17, 2025, alongside an investor update that raised both its 2025 guidance and its 2028 outlook.

Total GAAP revenue rose 21% to $11.0Ba, and continuing EPS rose 56% to $1.87. Adjusted revenue grew 23% to $10.2B, adjusted EPS grew 38% to $1.66, and free cash flow nearly doubled to $2.1B (up 92%). Management attributed the strength to operational improvements at priority suppliers, services growth in Commercial Engines & Services (CES), and a backlog of roughly $175B.

The company raised its 2025 adjusted revenue growth outlook to mid-teens (from low-double-digits), operating profit to $8.2b-$8.5B (from $7.8-$8.2B), adjusted EPS to $5.60-$5.80 (from $5.10-$5.45), and FCF to $6.5-$6.9B (from $6.3-$6.8B). For 2028, it now targets roughly $11.5B of operating profit, about $8.5B of free cash flow, and about $8.40 of adjusted EPS, with both operating profit and FCF targets up $1.5B from the prior 2024 Investor Day outlook. Shareholder returns are also set to rise 20% over 2024-2026 to about $24B, with at least 70% of FCF returned beyond 2026, subject to board approval.

The key watch items are execution risk on the 2028 targets, the 2025 margin trajectory (operating profit margin was down 10 bps in the quarter), and ongoing exposure to tariffs, supply chain constraints, and the run-off insurance and Bank BPH capital needs flagged in the forward-looking statements. Investors should also note that the earnings-release document carries a furnished rather than filed status under Item 2.02, so the results are not subject to Section 18 liability.

02—Key points

Key Highlights

  1. Q2 2025 GAAP revenue of $11.0B (+21% YoY) and continuing EPS of $1.87 (+56%); adjusted revenue $10.2B (+23%) and adjusted EPS $1.66 (+38%).
  2. Free cash flow of $2.1B in Q2 (+92% YoY); year-to-date FCF of $3.5B (+28%).
  3. 2025 guidance raised: adjusted revenue growth now mid-teens, operating profit $8.2-$8.5B, adjusted EPS $5.60-$5.80, FCF $6.5-$6.9B.
  4. 2028 outlook raised: ~$11.5B operating profit and ~$8.5B FCF (each up $1.5B vs. the 2024 Investor Day), with ~$8.40 adjusted EPS.
  5. CES drove results: orders +28%, services revenue +29%, operating profit +33%, with 2025 CES operating profit guided to $8.0-$8.2B.
  6. Capital returns expected to rise 20% over 2024-2026 to ~$24B, with at least 70% of FCF returned via dividends and buybacks beyond 2026 (subject to board approval).
  7. Defense & Propulsion Technologies (DPT) orders grew 24% and revenue 7%, but operating profit margin declined 20 bps to 14.1%.

03—Questions

Frequently Asked Questions

  1. Did GE Aerospace raise its guidance?

    Yes. The company raised its 2025 adjusted revenue growth outlook to mid-teens (from low-double-digits), operating profit to $8.2-$8.5B (from $7.8-$8.2B), adjusted EPS to $5.60-$5.80 (from $5.10-$5.45), and FCF to $6.5-$6.9B (from $6.3-$6.8B). It also raised its 2028 outlook.

  2. What drove the strong second-quarter performance?

    Commercial Engines & Services led results, with services revenue up 29% and total engine units up 45%. Management credited improved supplier material input (up 10% sequentially at priority sites), better in-house output, and strong commercial services demand. Backlog stands at roughly $175B.

  3. How much will GE return to shareholders?

    GE plans to increase shareholder returns by 20% over 2024-2026 to about $24B. Beyond 2026, it expects to return at least 70% of free cash flow through dividends and buybacks. Future dividends and buyback authorization increases require Board approval.

  4. What are the main risks to the outlook?

    The forward-looking statements flag macroeconomic conditions, tariffs and trade tensions, supply chain constraints, product quality or safety issues, execution on ramping new platforms, and capital needs tied to the run-off insurance operations and Bank BPH in Poland. Q2 operating profit margin also slipped 10 bps, and the 2028 targets depend on sustained execution.

04—Continue

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