CLAIM #26492 · GE (GE) · 2025Q3 earnings call · Oct 21, 2025 · due Dec 31, 2028
“But I think net-net, we're more or less in line with the '28 framework we talked about back in July with a lot of good tailwinds in terms of the demand environment and clearly, operational momentum building with FLIGHT DECK.”
Larry Culp · CEO
How to check this claim
Look at: Cumulative progress toward the 2028 financial framework metrics (e.g., operating profit/EPS/free cash flow targets) as GE reports them
It came true if: Reported 2028 financial results in line with or exceeding the 2028 framework targets communicated in July 2025
Where: Company-disclosed 2028 framework targets (July 2025 investor materials) compared against reported annual results (10-K / Q4 earnings release)
In context
“We have the 9X losses. So we expect kind of margin expansion opportunities to be limited here. But we are optimistic as we look at '26. We expect revenue growth, strong revenue growth, profit growth, cash, and we think of '26 kind of as a step along the way to 2028. So that's our current thinking. Obviously, you put a sharper point on it. Larry, anything to add? H. Culp: No, just maybe that, right? We're just in the process of wrapping up our strategy reviews. We'll spend the fourth quarter working through the details of the '26 budget. I think Rahul did a nice job there providing the general contours of that work that is underway. We'll take the Board through it at the end of the year, and then we'll come back in earnings and talk about '26 in more detail is basically our practice here. But I think net-net, we're more or less in line with the '28 framework we talked about back in July with a lot of good tailwinds in terms of the demand environment and clearly, operational momentum building with FLIGHT DECK, put those 2 dynamics together, I think that's what you're going to see come January. Operator: The next question comes from Ronald Epstein from Bank of America. Ronald Epstein: Yes. Maybe just changing gears a little bit. You called out the work you all are doing on the hybrid electric turbo generator and implications that might have for defense. And your defense business grew quite well during the quarter and also last quarter. Can you speak to maybe -- can we pull back and get some detail on kind of what you all are doing in defense and maybe what -- from an R&D perspective? And then maybe more importantly, and this is really a question you'd asked the other way around. But what lessons have you all learned in commercial, given the size of the fleet and all the experience you have in --”
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SEC filings for GE ↗ · Claim quote is verbatim from the 2025Q3 earnings call.