10-Q · July 16, 2026
General Electric (GE) reported strong Q2 2026 results, with revenue hitting $13.3 billion, significantly above estimates of $11.79 billion, and diluted EPS of $2.30, surpassing the $1.85 consensus. The company raised…
Earnings analysis · 10-Q
GE earnings analysis
Filed October 20, 2026 · Our reading of the company's report
The latest report
GE Aerospace reported $14.118B of revenue and $2.32 of continuing EPS, beating consensus estimates of $12.833B and $2.01 by approximately 10.0% and 15.4%, respectively. Services and orders drove growth, and management…
Read full summary
GE Aerospace reported $14.118B of revenue and $2.32 of continuing EPS, beating consensus estimates of $12.833B and $2.01 by approximately 10.0% and 15.4%, respectively. Services and orders drove growth, and management raised 2026 revenue-growth, operating-profit, adjusted EPS, and free-cash-flow outlooks. The principal offsets were an 80-basis-point GAAP margin contraction and a 14% decline in quarterly cash flow; the 10-Q reported no new risk-factor updates.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.32
What stood out
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Revenue materially beat consensus
Revenue was $14.118B versus the $12.833B consensus estimate, a $1.285B or approximately 10.0% beat.
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EPS beat consensus
Continuing EPS was $2.32 versus the $2.01 estimate, a $0.31 or approximately 15.4% beat.
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Full-year EPS outlook raised
Management raised 2026 adjusted EPS guidance to $8.00-$8.10 from $7.65-$7.85, an increase of $0.35 at the midpoint.
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Profit and cash outlook improved
2026 free cash flow guidance increased to $9.1B-$9.4B from $8.9B-$9.2B, while operating-profit guidance rose to $10.9B-$11.0B from $10.55B-$10.75B.
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Services and orders drove growth
Management attributed the quarter's growth to services and orders, supporting the approximately 19%-20% 2026 adjusted revenue-growth outlook.
What to watch
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GAAP margin contracted
GAAP margin contracted by 80 basis points in the quarter, indicating profitability pressure despite the revenue and EPS beat.
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Quarterly cash flow weakened
Cash flow declined 14% during the quarter, creating execution risk against the raised $9.1B-$9.4B full-year free-cash-flow target.
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No new risk-factor disclosure
Item 1A, Risk Factors, is marked “Not applicable” and directs investors to the December 31, 2025 Form 10-K; therefore, the 10-Q provides no new quantified risk-factor disclosure.
Management's outlook
Management raised 2026 guidance: adjusted revenue growth to approximately 19%-20% from the prior high-teens outlook; operating profit to $10.9B-$11.0B from $10.55B-$10.75B; adjusted EPS to $8.00-$8.10 from $7.65-$7.85; and free cash flow to $9.1B-$9.4B from $8.9B-$9.2B.
Earlier filings 4
10-Q · April 21, 2026
GE reported strong Q1 results in the filing period with revenue of $12,392,000,000 and GAAP EPS of $1.86, materially beating consensus (revenue surprise 16.11%, EPS surprise 15.53%). The 10-Q includes MD&A coverage on…
10-Q · October 21, 2025
GE reported Q3 revenue of $12,181,000,000 and GAAP EPS of $1.66, both beating consensus (revenue estimate $10,380,343,850; EPS estimate $1.47). Revenue showed strong year-over-year and sequential growth and free cash…
10-Q · July 21, 2025
GE reported Q2 revenue of $11,023,000,000 and EPS of $1.66, both meaningfully above consensus, with free cash flow strengthening to $1.92B. Revenue and EPS are higher year-over-year, but gross and operating margins…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.