General Electric Reports $9.935 Billion Revenue in Q1 2025, Up 11% Year-Over-Year

General Electric Company (GE) reported a total revenue of $9.935 billion for the first quarter of 2025, marking an increase of $1.0 billion, or 11%, compared to $8.955 billion in the same period of 2024. The growth was driven by a rise in equipment revenue, which benefited from an improved customer mix and pricing strategies, alongside a notable increase in services revenue attributed to higher spare parts volume and internal shop visit activities. The company's net income from continuing operations attributable to common shareholders was $1.967 billion, up from $1.741 billion year-over-year, resulting in earnings per share of $1.83, compared to $1.58 in the prior year.

In terms of operational performance, GE Aerospace's segment profit increased by $0.5 billion, while adjusted net income rose to $1.6 billion, reflecting a $0.6 billion increase from the previous year. The profit margin improved to 22.6%, up from 22.2%, and the operating profit margin increased significantly to 23.8%, a rise of 460 basis points. The company also reported a backlog of orders, with remaining performance obligations (RPO) increasing by $1.0 billion, or 1%, from the end of 2024, indicating strong future revenue potential.

Strategically, GE Aerospace has made significant strides in expanding its customer base and enhancing its product offerings. In the first quarter, the company secured major contracts with several airlines, including ANA Holdings and Malaysia Aviation Group, for engine installations and spare parts. Despite facing supply chain constraints that affected engine deliveries, GE Aerospace is investing in its manufacturing and overhaul facilities to boost production capacity. The company is also focused on developing next-generation flight technologies, including advancements in hybrid electric systems.

GE's workforce has seen changes as well, with the company committing to hire 5,000 workers in the U.S. as part of a $1 billion investment in domestic manufacturing. The total employee headcount reflects ongoing efforts to strengthen operational capabilities amid a competitive market landscape. The company continues to navigate challenges related to inflation and supply chain disruptions, implementing measures to mitigate these impacts through cost productivity initiatives and pricing adjustments.

Looking ahead, GE Aerospace remains optimistic about its growth trajectory, driven by increasing demand in the aerospace sector and government defense budgets. The company anticipates continued revenue growth from its commercial and defense segments, supported by a robust pipeline of orders and strategic investments in innovation. However, GE acknowledges potential risks from macroeconomic conditions, geopolitical tensions, and ongoing supply chain challenges that could affect its operational performance in the near term.