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GE Aerospace Lifts 2025 Outlook After Q3 Beat as Engine Deliveries Rebound

A surge in high-margin maintenance work supported an upgrade to revenue and free-cash-flow goals.

Lockheed Martin logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration
Northrop Grumman logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration
Servicemen of the 24th Mechanized Brigade, named after King Danylo, of the Ukrainian Armed Forces load missiles for a BM-21 Grad multiple-launch rocket system as they prepare to fire toward Russian troops, on a front line, amid Russia's attack on Ukraine, near the town of Chasiv Yar in Donetsk region, Ukraine February 23, 2025. Oleg Petrasiuk/Press Service of the 24th King Danylo Separate Mechanized Brigade of the Ukrainian Armed Forces/Handout via REUTERS ATTENTION EDITORS - THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY./File Photo
RTX logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

Overview

  • GE Aerospace posted adjusted EPS of $1.66 on adjusted revenue of $11.31 billion for Q3, topping forecasts as both commercial and defense activity strengthened.
  • The company raised 2025 guidance to adjusted EPS of $6.00–$6.20, projected adjusted revenue growth in the high teens, and free cash flow of about $7.1–$7.3 billion.
  • Aftermarket strength and supply-chain improvements drove record LEAP engine shipments up 40% year over year, with commercial deliveries up 33% and services revenue up 28%.
  • Supplier fixes lifted material input by more than 35% year over year, and defense deliveries rose 83%, underpinning higher segment profits.
  • Peers also outperformed: RTX lifted its 2025 sales and EPS outlooks, Lockheed Martin raised guidance with a record $179 billion backlog, and Northrop Grumman increased profit guidance despite trimming sales; GE shares hit new highs on the results.