On October 21, 2025, GE Aerospace reported exceptional third-quarter 2025 results and significantly raised its full-year 2025 and 2028 outlooks. For Q3 2025, total revenue reached $12.18 billion, a 24% increase year-over-year, with profit from continuing operations at $2.52 billion, up 33%. Adjusted EPS was $1.66, a 44% increase, and free cash flow was $2.4 billion, up 30%.
For the nine months ended September 30, 2025, total revenue increased 19% to $33.14 billion, with adjusted EPS of $4.80, up 46%. Free cash flow for the nine months was $6.45 billion, an increase of $1.90 billion compared to 2024, primarily due to higher net income.
GE Aerospace raised its full-year 2025 guidance, now expecting revenue growth in the high teens, operating profit between $8.65 billion and $8.85 billion, and adjusted EPS of $6.00 to $6.20. Free cash flow is projected to be between $7.1 billion and $7.3 billion, up $500 million at the midpoint.
The company also significantly raised its 2028 outlook, targeting approximately $11.5 billion in operating profit and at least $8.5 billion in free cash flow. This growth is expected to be driven by a double-digit compounded annual growth rate in adjusted revenue, with the LEAP installed base projected to triple by 2030.
Capital allocation plans were also boosted, with GE Aerospace committing to return $24 billion to shareholders between 2024 and 2026, a 20% increase from prior plans. This includes approximately $19 billion in buybacks and $5 billion in dividends, with at least 70% of annual free cash flow expected to be returned to shareholders beyond 2026.
Segment-specific performance in Q3 2025 showed Commercial Engines & Services (CES) revenue up 27% to $8.88 billion with profit surging 35%, and Defense Propulsion Technologies (DPT) revenue up 26% to $2.83 billion with profit up 75%. These results were driven by increased internal shop visit and spare parts volume, higher workscopes, and increased engine deliveries and pricing.
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