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GE Aerospace
2024年4月2日，GE完成拆分，分為三家獨立的上市公司：
- GE Aerospace：專注於航空航天業務，設計和製造商用與軍用飛機引擎、整合引擎零件，以及電力和機械飛機系統。
- GE Vernova：專注於能源業務，涵蓋可再生能源和電力部門，產品與技術利用石油、天然氣、化石燃料、柴油和核能等資源來生產電力。
- GE HealthCare：專注於醫療健康業務，提供智能設備、數據分析、軟體應用和服務，涵蓋疾病診斷、治療與監護的全流程。
商业发动机和服务（Commercial Engines & Services, CES）
Articles
Earnings Report
2026Q1
In 2026, CES continues to expect revenue growth of mid-teens, driven by mid-teens services revenue growth, and equipment revenue growth of mid- to high-teens. Operating profit continues to be expected in the range of $9.6-$9.9 billion.
In 2026, DPT continues to expect revenue growth of mid- to high-single-digit, and operating profit of $1.55-$1.65 billion.
2025Q4
Looking to 2026, we're poised for another year of substantial revenue, EPS and cash growth. Demand remains robust with 2025 orders up 32% and continued backlog growth. This supports our expectation for revenue to be up low double digits, including commercial services up mid-teens.
We expect operating profit of $9.85 billion to $10.25 billion, up $1 billion at the midpoint. This translates to EPS of $7.10 to $7.40, up nearly 15% at the midpoint. And we expect to generate $8 billion to $8.4 billion of free cash flow with conversion remaining well above 100%. This outlook builds on the progress we made in '24 and '25.
We expect to deliver mid-teens revenue growth between '24 and '26 compounded and $10 billion of profit in '26 two years earlier than our outlook has been. We continue to convert this into cash, expecting to generate more than $20 billion of cash between '24 and '26 to reinvest in our future, including in US manufacturing to support both our commercial and defense customers.
GE Aerospace is an exceptional franchise, servicing and growing the industry's most extensive installed base of 80,000 engines.
MRO Network (Maintenance, Repair, and Overhaul)：维护、修理和大修网络。
OE Side (Original Equipment)：原厂设备端
airlines and airframers: 航空公司和飞机制造商
We expect LEAP OE to be profitable in 2026 as per our prior plans
CAD improvement: Cost at Delivery
Baird Global Industrial Conference
2025Q3
GE Aerospace Product and Technology Update
2025Q2
3 out of 4 Commercial flights powered by our engines.
Company to increase capital returns to shareholders from 2024 to 2026 by 20%, to ~$24 billion; expecting to sustainably return at least 70% of free cash flow via dividend and buybacks beyond 2026.
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.
CES expects low-double-digit revenue growth through 2028, with profit growth from higher services volume offsetting headwinds from GE9X costs and research and development spending.
In 2025, DPT continues to expect to deliver mid-single-digit to high-single-digit revenue growth and $1.1 to $1.3 billion of operating profit.
DPT affirmed mid-single-digit revenue growth through 2028, with profit growth from higher volume, improving mix, and productivity.