General Electric 10-Q 2026-03-31

Filed 2026-04-21. 6 sections, 191K characters. Original on sec.gov · Markdown · JSON

Cover and table of contents

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____ to ____

Commission file number 001-00035

Aerospace.jpg

GENERAL ELECTRIC COMPANY

(Exact name of registrant as specified in its charter)

New York14-0689340
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1 Neumann WayEvendaleOH45215
(Address of principal executive offices)(Zip Code)

(Registrant’s telephone number, including area code) (513) 243-2000

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, par value $0.01 per shareGENew York Stock Exchange
1.875% Notes due 2027GE 27ENew York Stock Exchange
1.500% Notes due 2029GE 29New York Stock Exchange
7 1/2% Guaranteed Subordinated Notes due 2035GE /35New York Stock Exchange
2.125% Notes due 2037GE 37New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer☑Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

There were 1,043,337,235 shares of common stock with a par value of $0.01 per share outstanding at March 31, 2026.

TABLE OF CONTENTS

Page
Forward-Looking Statements3
About GE Aerospace4
Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)4
Consolidated Results5
Segment Operations5
Corporate & Other7
Other Consolidated Information7
Capital Resources and Liquidity8
Critical Accounting Estimates10
Other Items10
Non-GAAP Financial Measures10
Controls and Procedures12
Other Financial Data12
Financial Statements and Notes13
Statement of Operations13
Statement of Financial Position14
Statement of Cash Flows15
Statement of Comprehensive Income (Loss)16
Statement of Changes in Shareholders' Equity16
Note 1 Basis of Presentation and Summary of Significant Accounting Policies17
Note 2 Discontinued Operations17
Note 3 Investment Securities18
Note 4 Current and Long-Term Receivables19
Note 5 Inventories, Including Deferred Inventory Costs20
Note 6 Property, Plant and Equipment and Operating Leases20
Note 7 Goodwill and Other Intangible Assets20
Note 8 Contract and Other Deferred Assets, Contract Liabilities and Deferred Income & Progress Collections21
Note 9 All Other Assets[21](#i21c1df56fccd4

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Item 3. Quantitative and Qualitative Disclosures About Market Risk 9, 26-27

| Item 4. | | | | | | Controls and Procedures | | | | | | 12 | | | | Part II – OTHER INFORMATION | | | | | | | | | | | | | | |

Item 1. Legal Proceedings 29

Item 1A. Risk Factors Not applicable(a)

| Item 2. | | | | | | Unregistered Sales of Equity Securities and Use of Proceeds | | | | | | 12 | | | Item 3. Defaults Upon Senior Securities Not applicable

Item 4. Mine Safety Disclosures Not applicable

Item 5. Other Information Not applicable

| Item 6. | | | | | | Exhibits | | | | | | 31 | | | | Signatures | | | | | | | | | | | | 31 | | |

(a) For a discussion of our risk factors, refer to our Annual Report on Form 10-K for the year ended December 31, 2025.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

April 21, 2026/s/ Robert Giglietti
DateRobert Giglietti Vice President - Chief Accounting Officer, Controller and Treasurer Principal Accounting Officer

2026 1Q FORM 10-Q 31