Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 25

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 7
Chunk 25
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 Boeing 787-10s and Boeing 777-9s. 

Internal shop visit revenue grew in the second quarter and total engine deliveries and LEAP engine deliveries increased primarily due to improved material supply. Total engineering investments, both company and partner-funded, increased compared to prior year. We are investing in our manufacturing and overhaul facilities and are deploying engineering and supply chain resources to increase production, expand capacity and strengthen yield. We also remain committed to investing in developing and maturing technologies that enable a more efficient future of flight. Notably, CFM International's RISE program is a suite of pioneering technologies including Open Fan, compact core and hybrid electric systems for compatibility with alternative fuels. The RISE program has completed over 350 component and module tests. This is one of several initiatives underway to help invent the future of flight. We also continued to invest to develop technologies to support our defense customers by developing technologies for sixth-generation aircraft. 

*Non-GAAP Financial Measure

2025 2Q FORM 10-Q 5

Sales in units, except where notedThree months ended June 30Six months ended June 302025202420252024Commercial Engines551 402995 891LEAP Engines(a)410 297729 664Internal shop visit revenue growth %22 %26 %16 %24 %(a) LEAP engines, which are in a significant production ramp, are a subset of Commercial Engines.

SEGMENT REVENUE AND PROFITThree months ended June 30Six months ended June 302025202420252024Equipment$1,931 $1,427 $3,789 $3,133 Services6,059 4,705 11,177 9,095 Total segment revenue$7,990 $6,132 $14,966 $12,228 Segment profit$2,232 $1,679 $4,152 $3,098 Segment profit margin27.9 %27.4 %27.7 %25.3 %

For the three months ended June 30, 2025, revenue was up $1.9 billion, or 30%, and profit was up $0.6 billion, or 33%, compared to the three months ended June 30, 2024.

Revenue increased due to increased spare parts and internal shop visit revenue and shop visit workscopes, increased engine deliveries and pricing, partially offset by customer mix.

Profit increased primarily due to increased spare parts