GE (GE) Q2 2026 Earnings Call Transcript

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DATE

Thu, July 16, 2026 astatine 7:30 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer - Larry Culp

• Chief Financial Officer - Rahul Ghai

• Investor Relations - Blaire Shoor

Full Conference Call Transcript

Operator: Good day, ladies and gentlemen, invited to the GE Aerospace 2nd 4th 2026 net league call. At this time, each participants are successful a listen-only mode. My sanction is Liz, and I volition beryllium your league coordinator today. If you acquisition issues with the webcast slides refreshing, oregon determination appears to beryllium delays successful the descent advancement, delight deed F5 connected your keyboard to refresh. As a reminder, this league is being recorded. I'd present similar to crook the programme implicit to your big for today's conference, Blaire Shoor from the GE Aerospace Investor Relations team. Please proceed.

Blaire Shoor: Thanks, Liz. Welcome to GE Aerospace's 2nd 4th 2026 net call. I'm joined by Chairman and CEO, Larry Culp, and CFO, Rahul Ghai. Many of the statements we're making are forward-looking and based connected our champion presumption of the satellite and our businesses arsenic we spot them today. As described successful our SEC filings and website, those elements whitethorn alteration arsenic the satellite changes. Additionally, Larry and Rahul volition talk to full institution and firm fiscal results and guidance contiguous connected a non-GAAP basis. With that, implicit to Larry.

Larry Culp: Blaire, convey you. Good morning, everyone. The GE Aerospace squad continues to execute with subject and absorption with our customers astatine the halfway of everything we do. Our 57,000 employees stay committed to our purpose, inventing the aboriginal of flight, lifting radical up, and bringing them location safely. I'd similar to unfastened by saying CFM International is supporting our customer, Ryanair, successful assisting with the probe into Flight 1879. Safety is our apical precedence astatine each times, and our thoughts are with the passengers, pilots, and unit who were connected board. The 2nd 4th marked different 4th of important maturation driven by robust commercialized services. Overall orders were up 17%, with some segments up astatine slightest debased treble digits.

Revenue accrued 24%, with CES up 27% and DPT up 16%. Operating nett grew 18%, with some segments up astatine slightest precocious teens. EPS accrued 22%, and escaped currency travel grew 43%, with conversion implicit 140%. These results adjacent retired an exceptional archetypal half, with orders up 49%, gross up 27%, EPS increasing 24%, and escaped currency travel expanding 31%, with 115% conversion. FLIGHT DECK is helping america thrust the operational improvements which undergird the important output increases. With the archetypal half, commercialized services gross up 32% and full motor deliveries up 31%.