GE · 10-Q · 2026Q2

GENERAL ELECTRIC CO

Filed 2026-07-16 · Technology · View original filing on EDGAR

Ranked Events

• Bank BPH Litigation and Related ProvisionImportance 86 · Surprise 84
  Bank BPH (Poland) remains subject to ongoing borrower litigation related to foreign-currency indexed/denominated residential mortgage loans; the Company estimates total losses of $1,814 million as of June 30, 2026…
• Operating Cash Flow TrendsImportance 76 · Surprise 56
  Cash from operating activities was $5.1 billion for the six months ended June 30, 2026, an increase of $1.2 billion versus the six months ended June 30, 2025, primarily due to higher net income, increased sales…
• Capital Return ProgramImportance 75 · Surprise 60
  In December 2025 the Board authorized up to $20 billion for common share repurchases via open market or privately negotiated transactions, including accelerated share repurchases. Under that authorization the Company…
• Sales Discounts and AllowancesImportance 72 · Surprise 66
  Sales discounts and allowances increased materially (balance rose to $4,993 million from $4,037 million at December 31, 2025, an increase of $956 million) during the six months ended June 30, 2026. The company…
• Strategic Initiatives and PartnershipsImportance 71 · Surprise 74
  To support strong aftermarket and engine demand, GE Aerospace is investing in manufacturing and overhaul facilities, expanding its external MRO network (adding Iberia as the seventh Premier MRO) and expanding Delta…
• Supply Chain ConstraintsImportance 65 · Surprise 48
  GE facilitates voluntary supply chain finance programs that materially scale supplier payment options; supplier invoices paid through third-party programs were $1,927 million for the six months ended June 30, 2026 (up…
• Market Demand TrendsImportance 65 · Surprise 48
  GE Aerospace reported material year-over-year growth in both equipment and services: sales of equipment rose to $3,602 million (Q2 2026) from $2,842 million (Q2 2025) and sales of services rose to $9,031 million from…
• Commercial Engines & Services PerformanceImportance 65 · Surprise 48
  For Q2 2026, CES revenue was $9.731 billion, up $2.1 billion or 27% year-over-year, and segment profit was $2.657 billion, up $0.449 billion or 20%. For the six months ended June 30, 2026, CES revenue was $18.650…
• Commitments, Guarantees and Credit SupportImportance 64 · Surprise 42
  Following the separation of GE Vernova, GE retains performance and bank guarantees on behalf of GE Vernova and estimates GE Vernova RPO and other obligations related to GE Aerospace credit support to be approximately…
• Manufacturing, Capacity Expansion and CapEx PlansImportance 64 · Surprise 42
  GE continues to carry material nonrecurring engineering (NRE) and contract fulfillment costs related to equipment production, primarily in the Defense & Propulsion Technologies (DPT) segment, with nonrecurring…
• Guidance / OutlookImportance 64 · Surprise 42
  Management expects a significant ramp in delivery of engine units and services for newer product platforms in the years ahead to meet demand tied to commercial air travel and defense modernization. The company…
• Variable Interest Entities (VIE) and Investment CommitmentsImportance 61 · Surprise 32
  GE reports investments in unconsolidated variable interest entities (VIEs) of $8,966 million as of June 30, 2026 (compared with $8,976 million at December 31, 2025), with $1,129 million in a U.S. tax equity portfolio…
• Interest Rate and Refinancing ExposureImportance 61 · Surprise 32
  Substantially all non‑current investment securities ($37,910 million estimated fair value at June 30, 2026) are held within the Company's run‑off insurance operations and support long‑duration insurance liabilities.…
• Contract Liabilities and Long-term Service AgreementsImportance 61 · Surprise 32
  Long‑term service agreement liabilities were $9,813 million at June 30, 2026 versus $10,016 million at December 31, 2025, and contract and other deferred assets totaled $8,449 million at June 30, 2026. For the six…
• Investment Securities Unrealized LossesImportance 61 · Surprise 32
  Non‑current investment securities had an estimated fair value of $37,910 million at June 30, 2026, down from $38,788 million at December 31, 2025, primarily due to higher market yields and mark‑to‑market effects. Total…
• Outstanding Indebtedness and Credit FacilitiesImportance 61 · Surprise 32
  The filing discloses borrowings (not carried at fair value) with a carrying amount of $19,157 million and an estimated fair value of $18,979 million as of June 30, 2026 (compared with carrying amount $20,494 million…
• Remaining Performance Obligation (RPO)Importance 61 · Surprise 32
  Contract assets/liabilities and deferred items moved materially: long-term service agreement liabilities decreased to $9,813 million from $10,016 million, and total contract liabilities and deferred income are $11,229…
• Gross Margin and Margin DriversImportance 61 · Surprise 32
  Profit was $2.8 billion in Q2 2026, an increase of $0.4 billion year-over-year, but profit margin declined to 21.0%, down 70 basis points versus prior-year quarter. Operating profit (Non-GAAP) was $2.7 billion in Q2…
• Defense & Propulsion Technologies PerformanceImportance 60 · Surprise 40
  For Q2 2026, DPT total revenue was $3.443 billion, up $0.465 billion or 16% year-over-year, driven by Defense & Systems (D&S) and Propulsion & Additive Technologies (P&AT) volume and price improvements. For the six…
• Segment ProfitabilityImportance 59 · Surprise 48
  In the three months ended June 30, 2026, CES reported total expenses of $7,074 million and segment profit of $2,657 million, versus CES expenses of $5,438 million and profit of $2,208 million in the prior-year quarter, an increase in CES segment profit of $449 million (~20%).,DPT recorded total expenses of $2,968 million and segment profit of $3,132 million for the quarter, compared with expenses of $2,575 million and profit of $2,611 million in the prior-year quarter, increasing DPT segment profit by $521 million (~20%).,Combined total segment profit for the quarter rose materially to $5,789 million (sum of reported CES and DPT profit), supporting the company’s increase in net income from continuing operations to $2,408 million for the quarter and $4,338 million for the six months ended June 30, 2026.,The company excludes certain higher-cost restructuring programs (primarily related to separations) from segment operating performance and reports those excluded amounts in Restructuring and other charges in Corporate & Other, which affects comparability of segment margins.

Revenue by Product (in millions)