Company: GE
Filing Date: 2025-07-21
Form Type: 10-Q
Source: 0000040545-25-000111
Chunk: 1

Company: GENERAL ELECTRIC CO
Filing Date: 2025-07-21
Form: 10-Q
Item: Item 2
Chunk 1
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 pressure by driving cost productivity and adjusting the pricing of our products and services. We expect the impact of supply chain constraints and inflation will continue, and we are continuing to take action to mitigate the impacts.

We support efforts to revitalize domestic manufacturing and are investing $1 billion in U.S manufacturing this year and hiring 5,000 U.S workers. At the same time, we support promoting free and fair trade that ensures the continued strength of the U.S aerospace industry. 

As we operate in a highly dynamic tariff environment, we are focused on continuing to deliver our products and services to our customers. Given our global business, tariffs will result in additional cost for us and our suppliers. We are optimizing operations and leveraging existing programs to reduce the impact from tariffs. Additionally, we are taking measures to control cost and implementing pricing actions to primarily mitigate the remaining impact.

CONSOLIDATED RESULTS 

REVENUEThree months ended June 30Six months ended June 302025202420252024Equipment revenue$2,842 $2,175 $5,496 $4,596 Services revenue7,308 6,047 13,656 11,702 Insurance revenue872 871 1,806 1,750 Total revenue$11,023 $9,094 $20,957 $18,048 

For the three months ended June 30, 2025, total revenue increased $1.9 billion, or 21%, compared to the three months ended June 30, 2024. Equipment revenue increased, driven by increased engine deliveries and improved pricing, partially offset by customer mix. Services revenue increased, due to increased spare parts volume, increased internal shop visit volume and shop visit workscopes and improved pricing.

4 2025 2Q FORM 10-Q 

For the six months ended June 30, 2025, total revenue increased $2.9 billion, or 16%, compared to the six months ended June 30, 2024. Equipment revenue increased, driven by increased engine deliveries and improved pricing. Services revenue increased, due to increased spare parts volume, increased internal shop visit volume and shop visit workscopes and improved pricing.

NET INCOME (LOSS) AND EARNINGS (LOSS) PER SHARE (EPS)Three months ended June 30Six months ended June 30(Per-share in dollars and diluted)2025202420252024Net income (loss) from continuing operations attributable to common shareholders$2,008