GE Aerospace (GE) Revenue — Quarter Ended Jun 30, 2024
Revenue increased compared to the previous quarter but declined compared to the same quarter a year ago. The quarter included the completion of the separation of the GE Vernova business, positioning the company as a focused aerospace propulsion and services provider.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased compared to the previous quarter but declined compared to the same quarter a year ago. The quarter included the completion of the separation of the GE Vernova business, positioning the company as a focused aerospace propulsion and services provider.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.1B
Revenue reported for this quarter.
Quarter-over-quarter
+1.6%
Change from the immediately preceding quarter.
Year-over-year
-4.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$35.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2023 | $9.3B | -35.7% |
| Dec 31, 2023 | $8.5B | -46.7% |
| Mar 31, 2024 | $9B | +27.1% |
| Jun 30, 2024 | $9.1B | -4.7% |
Revenue performance
The sequential revenue improvement reflects ongoing strength in the aerospace segment, while the year-over-year decline is partly attributable to the separation of the GE Vernova business during the quarter.
Quarterly comparison
Compared to the immediate prior quarter, revenue was higher. Compared to the same quarter one year prior, revenue was lower.
What to watch
The company's focus on aerospace services and the engine delivery ramp are key areas to monitor in upcoming quarters.