GE Aerospace CEO Larry Culp on forecast: Revenues will be up double digits

Summary

GE Aerospace CEO Larry Culp discussed strong fourth-quarter and full-year 2025 results, highlighting robust orders, revenue, earnings, and cash flow. He guided to low-double-digit 2026 revenue growth led by commercial services, with operating profit, EPS, and cash expected to improve further. Culp said demand remains strong and supply/fulfillment is the key challenge, and he also addressed airline supply concerns and defense-contractor policy questions.

• GE Aerospace reported Q4 orders up 74%, revenue up 20%, operating profit up 14%, and EPS/cash flow up 15%.
• Full-year 2025 revenue rose 21%, EPS rose 38%, and cash rose 24%, with demand strong and supply the main constraint.
• 2026 guidance calls for low-double-digit revenue growth led by commercial services and about $1 billion of operating profit growth at the midpoint.
• Management expects mid-teens EPS and cash growth and says the 2026 guide is realistic, perhaps beatable.
• Q1 commercial and defense segments are expected to exceed their full-year top-line guidance, with sequential margin improvement.
• GE is working to improve supplier inputs and engine deliveries/aftermarket performance through its Flight Deck lean operating model.
• Culp addressed pending defense-contractor buyback/compensation policy details and airline concerns about engine supply.
• The stock sold off after the report despite a large prior run-up.