GE revenue rose to USD 14.1bn in Q3 2026, but the net margin slipped

General Electric, the US industrial group, reported consolidated Q3 2026 revenue of USD 14.1bn in US dollars, up 15.9% from USD 12.2bn a year earlier. That is USD 1.9bn of extra sales in one quarter. Net profit rose more slowly, by 6.1% to USD 2.3bn, against USD 2.2bn in Q3 2025. The net margin therefore narrowed to 16.2% from 17.7%, a drop of 1.5 pp. Sales grew faster than profit, so each dollar of revenue left less behind.

A margin can narrow when growth comes with higher costs or a different mix of work, and the accounts do not say which applies here. Equity also moved the other way: it fell to USD 17.5bn from USD 18.8bn, and the equity ratio, equity as a share of total assets, eased to 13.8% from 14.7%. Total assets were USD 127bn. I would watch whether profit keeps pace with sales in the next quarters. For now, the top line grew faster than the bottom line.