GE · 8-K · 20261020PR000063
Gross Margin Drivers
GENERAL ELECTRIC CO · 2026-10-20 · Importance 64 · Surprise 56
GAAP profit margin declined 80 basis points year over year to 19.9% in the third quarter. Non-GAAP operating profit margin expanded 220 basis points to 22.5%, reflecting a 30% increase in operating profit to $2.988 billion. Commercial Engines & Services margin decreased 10 basis points because of mix and inflation despite higher services volume and price. Defense & Propulsion Technologies margin increased 20 basis points because of increased volume and price, partly offset by mix and inflation.